Correction March 14, 2012 On Tuesday, City A.M. printed an article entitled “Gulf Keystone shares plunge”, which quoted a note from Seymour Pierce analysts that included an interview with chief executive Todd Kozel that it said took place last weekend. Seymour Pierce has since corrected the note to the effect that the quoted interview actually took place several years [...]
Gulf Keystone in well success September 5, 2011 Gulf Keystone said yesterday that they payzone for its upper Jurassic reservoirs at its Shaikan-4 well is “significantly better” than the pay count of its previous two wells. The wells in the Kurdistan region of Iraq contain a total of up to 10.8bn barrels of oil. Gulf Keystone said Shaikan-2 has achieved flow rates in [...]
Gulf Keystone in well success September 5, 2011 Gulf Keystone said yesterday that they payzone for its upper Jurassic reservoirs at its Shaikan-4 well is “significantly better” than the pay count of its previous two wells. The wells in the Kurdistan region of Iraq contain a total of up to 10.8bn barrels of oil. Gulf Keystone said Shaikan-2 has achieved flow rates in [...]
Gulf Keystone to seek main market listing September 14, 2011 GULF Keystone Petroleum, the Kurdistan-focused oil explorer listed on the alternative investment market, said yesterday it is targeting a move up to the main listing in the first half of next year. “As at 12 September 2011, the company had a market capitalisation of £1.2bn which would place it comfortably in the higher echelons of [...]
GKP hires advisers for Iraqi sale February 9, 2012 IRAQ-FOCUSED oil company Gulf Keystone Petroleum yesterday said it had appointed corporate advisers to help it sell its 20 per cent stake in the Akri-Bijeel block in Kurdistan, northern Iraq, almost five months after putting it on the market. The group is taking on Strand Hanson and Perella Weinberg to assist its advisory team, which [...]
Gulf Keystone raises $200m in rights issue September 20, 2011 KURDISTAN-FOCUSED explorer Gulf Keystone said it raised $200m (£127m) in a placing to help accelerate the development of the massive oil discoveries it has made in the semi-autonomous region of Iraq. The company said yesterday it issued 91m new shares in an oversubscribed placing at a price of 140p, representing a 14 per cent discount to [...]
Gulf Keystone mulls $200m equity raising September 19, 2011 KURDISTAN-focused oil firm Gulf Keystone Petroleum (GKP) yesterday said it was considering tapping the markets to raise capital, confirming it is “considering its options” in response to speculation over the weekend. Reports suggested the company would look to raise up to $200m (£127.5m), though Gulf Keystone did not confirm the figures yesterday. The closely-followed oil [...]
The week ahead could offer signs of recovery April 9, 2012 THE Easter Bank Holiday may have shortened the week, but the market may not be short on volatility. Given the lack of major economic and corporate announcements, this week, volume could well be below average. However, traders would be unwise to take their eyes off the ball. It is usually at times like these that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 22, 2012 FINANCIAL TIMES SPAIN’S BORROWING COSTS SOAR Spain’s borrowing costs rose above 5.5 per cent for the first time since January as investors fretted about another escalation of the eurozone crisis amid signs of further economic weakening even in Germany. Investors pushed Spain’s benchmark 10-year bond yields up 14 basis points to as high as 5.53 [...]
Gulf Keystone plays down suggestions of sale talks August 30, 2011 KURDISTAN-focused explorer Gulf Keystone Petroleum jumped 4.2 per cent yesterday, even after the firm played down suggestions it was in sale talks. A Sunday newspaper reported that Gulf Keystone was looking to sell itself in a deal that could value it at up to £1.4bn and that chief executive Todd Kozel had told banks he [...]