Wednesday 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
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
Read moreBuoyant Gulf Keystone mulls cash call
19th Sep 2011 07:49
Press reports about a possible fund-raising by Gulf Keystone have proved to be on the money. The AIM-listed oil and gas firm focused in the Kurdistan Region of Iraq confirmed it is considering its options with regards to an equity fund-raising. The share price has strengthened considerably since
Read moreBroker tips: Close Brothers, Gulf Keystone, Entertainment One
14th Sep 2011 11:21
Shares in banking, securities and asset management firm Close Brothers were dragged lower on Wednesday after UBS scaled back its forecasts and reiterated its cautious outlook for the industry. The Swiss broker said that since Close Brothers' trading statement in July, it has seen a more challenging
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