Broker snap: Investec ups target for Gulf Keystone
23rd Apr 2012 10:05
Investec has raised its target price for Iraq-focused oil explorer Gulf Keystone from 191p to 232p after positive results from its Shaikan-4 deep appraisal well testing programme. Tests of the well, drilled six kilometres west of the Shaikan-1 discovery well in the Kurdistan Region of Iraq, achieve
Read moreMonday broker round-up
23rd Apr 2012 08:56
ARM Holdings: JP Morgan Cazenove upgrades from underweight to neutral, target lifted from 400p to 540p. AstraZeneca: Barclays Capital upgrades from underweight to equal weight, target upped from 3,200p to 3,250p. Aviva: Goldman Sachs upgrades from neutral to buy. Barclays: Nomura reiterates neutr
Read moreGulf Keystone director sells quarter of a million shares
26th Mar 2012 13:33
Mehdi Varzi, a Non-Executive Director of Gulf Keystone, the AIM-listed oil and gas explorer, has sold a quarter of a million shares. Varzi, who has been on the board since 2008, sold 257,347 shares at 254.17p each for a total of £654,099. Earlier this month the firm reported that the testing prog
Read moreFriday newspaper round-up: Lloyds, Vedanta, BP
23rd Mar 2012 06:42
The controversial sale of Lloyds bank branches to the Co-operative Group looked to be in trouble, increasing the likelihood the business may now be spun off in a stock market flotation. The state-backed lender, which has been expected to finalise the terms of the sale by the end of the month, but to
Read moreSunday tip round-up: Dogs of the FTSE, Investors´ favourites
18th Mar 2012 14:07
Since the year 2000 experience seems to show that investing in the highest yielding stocks of the UK´s benchmark index, when the economy is recovering, can be a sound strategy. Therefore, given signs that the worst is over the Midas team at the Daily Mail has decided to re-launch their 'Dogs of the
Read moreWednesday tips round up: Gulf Keystone, Laird, Aggreko,...
14th Mar 2012 06:52
In the Times, Tempus ponders the ups and downs of Gulf Keystone, the oil explorer focused on Kurdish Iraq. It has a significant prospect called Shaikan, which could net half a million barrels per day but the politics are complicated. The Iraqi government put the frighteners on companies, like Exxo
Read moreGulf Keystone shares dive on potential bidder delays action
6th Mar 2012 14:20
Oil explorer Gulf Keystone Petroluem saw its shares plunge 12% on Tuesday after a member of the Iraqi government told the press that Exxon Mobil has requested a "few more days" to consider a controversial deal to enter the country's Kurdistan oil region. In recent weeks there has been speculation
Read moreGulf Keystone confident in Kurdistan after test results
23rd Jan 2012 07:52
The Shaikan-4 well could be the best well that Gulf Keystone has logged to date in the Kurdistan Region of Iraq, the firm's Chief Operating Officer said on Monday. In the first well test conducted in the Kurre Chine C formation, Shaikan-4 achieved a flow rate of 563 barrels of oil per day (bopd) an
Read moreMonday broker round-up - UPDATE
16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
Read moreSunday newspaper round-up: Aon, Volcker, BoE, Rockhopper
15th Jan 2012 17:03
Aon is to become the first US S&P 500 company to become domiciled in the UK after the insurance broker unveiled plans to shift its headquarters from Chicago to London. The move by Aon, which employs 59,000 people globally and has a market capitalization of $15bn gives a boost to London´s status as a
Read moreGulf Keystone soars on speculation
10th Jan 2012 12:07
Shares of AIM-listed oil explorer Gulf Keystone are soaring more than 16% at midday, and trading at 257p, giving the firm a market capitalization of £2.274bn. In an announcement released today, the firm announced that it has reached an agreement over options at two of its sites with the Kurdistan
Read moreLondon midday: Resource stocks lift Footsie, Gulf Keystone jumps
10th Jan 2012 12:00
Resource stocks performed well in morning trade, lifting the FTSE 100 over 1.1% higher. Miners were gaining ground after some positive economic data from China boosted sentiment, while Cairn Energy was on the up after detailing its $3.5bn cash return to shareholders. A big mover was Gulf Keystone,
Read moreGulf Keystone upgrades oil in place volumes
8th Nov 2011 14:39
Gulf Keystone Petroleum has significantly upgraded its gross oil-in-place volumes for the Shaikan discovery in the Kurdistan region of Iraq. The firm has revised the value from there being a 90% certainty of 8bn barrels being produced to a 10% certainty of 13.4bn barrels being produced, with a
Read moreGulf Keystone begins drilling new well at Shaikan
31st Oct 2011 09:08
Oil explorer Gulf Keystone has begun drilling its Shaikan-5 appraisal well on the Shaikan block, the firm's major oil discovery. The well, in the Kurdistan region of Iraq, is the third deep appraisal well to be drilled in the area with independently audited gross oil-in-place volumes of an average
Read moreGulf Keystone starts drilling at Ber Bahr well
11th Oct 2011 09:02
Oil explorer Gulf Keystone's Ber Bahr-1 exploration well has begun drilling on the Ber Bahr block in the Kurdistan Region of Iraq, the company said. The well will target prospective intervals to a planned total depth of approximately 2,100 meters. The Ber Bahr-1 is the first exploration well to b
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