Broker snap: Much already priced in at Gulf Keystone, says Evolution
14th Sep 2011 10:57
Evolution Securities has confirmed an add rating on Iraq-focused oil and gas group Gulf Keystone after the firm announced a significant increase in oil-in-place reserves in its half-year report. The company announced a 150% increase in proven reserves (P90) and a 45% increase in possible reserves
Read moreGulf Keystone upgrades reserve estimates
14th Sep 2011 10:22
Shares in Gulf Keystone, the AIM-listed oil and gas firm focused in the Kurdistan Region or Iraq, jumped on Wednesday after the group announced a significant increase in oil-in-place reserves in its half-year report. The company announced a 150% increase in proven reserves (P90) and a 45% increase
Read moreGulf Keystone stokes rumour mill
30th Aug 2011 08:46
Iraq-focused oil firm, Gulf Keystone Petroleum, has denied reports that it is putting itself up for sale. However, in a statement that read more like an advert, Keystone said it noted "increasing interest in the region in which Gulf Keystone operates". It said it was "committed to creating value f
Read moreGulf Keystone cock-a-hoop over asset evaluation
10th Aug 2011 13:49
Gulf Keystone's shares soared Wednesday after the company said it believes it has 'yet another potential world class oil source' on its hands in the Kurdistan region of Iraq. The preliminary resource estimates for its Sheikh Adi block indicated a significant range of between 1 bn and 3 bn barrels
Read moreGulf Keystone to advance operations in Kurdistan
16th Jun 2011 12:31
Oil explorer Gulf Keystone Petroleum reiterated its focus on the operations in the Kurdistan region of Iraq, but shares plunged more than 4% ahead of its annual general meeting. Gulf Keystone also said, "We are firmly focused on adding further oil-in-place volumes in all four blocks in the Kurdista
Read moreGulf Keystone looking to cash in on Iraq's black gold
14th Jun 2011 11:50
The Iraq focused oil company Gulf Keystone Petroleum is reporting some success at its Shaikan-1 and Shaikan-3 facilities in the Kurdistan region of the country. The AIM listed firm says it is now in the commissioning phase of its operations at the site and is aiming to produce 10,000 barrels of oil
Read moreGulf Keystone to start exporting
23rd May 2011 16:18
Oil explorer Gulf Keystone is preparing to export up to 5,000 barrels of oil per day (bopd) from its extended well test facility at Shaikan, at the request of the Ministry of Natural Resources of the Kurdistan Regional Government (KRG). A number of operational, commercial and legal preparations ar
Read moreGulf Keystone takes out injunction against Excalibur
11th Apr 2011 16:05
There has been another twist in the spat between oil explorer Gulf Keystone and Excalibur Ventures, with Gulf taking out an injunction against the advisory services firm. Gulf has obtained an injunction in the English Commercial Court restraining Excalibur from pursuing the International Chamber of
Read moreBroker tips: GKN, Gulf Keystone, Airlines
11th Apr 2011 12:13
Charles Stanley downgrades automotive and aerospace engineer GKN to 'reduce', from 'hold', despite first quarter numbers being 'in line', as it believes that automotive market conditions remain tough. "GKN is a typically early cycle investment and as leading indicators roll over and comparatives, e
Read moreBroker snap: Court case could provide some negativity at Gulf Keystone
11th Apr 2011 11:07
Matrix keeps its 'buy' for oil explorer Gulf Keystone Petroleum (GKP), but highlights its caution in regards to the group's ongoing dispute with procurement firm Excalibur Ventures. "Excalibur asserted certain contractual and on-contractual claims against GKP and is claiming up to 30% interest in t
Read moreGulf Keystone begins drilling Bekhme-1
25th Mar 2011 07:32
Gulf Keystone started drilling the Bekhme-1 exploration well on the Akri-Bijeel block in the Kurdistan region of Iraq on Monday, the oil explorer has confirmed. Bekhme-1 is the second exploration well to be drilled on the block, which sits 20km to the north-east from the Bijell 1 discovery well, wh
Read moreGulf Keystone find gas as well as oil at Shaikan-2
22nd Mar 2011 22:12
Oil explorer Gulf Keystone surrendered some of its recent fulsome gains Tuesday after it provided an update on the results of its tests on the Shaikan-2 appraisal well in Kurdistan. Shaikan-2 has achieved short term indicated rates of 10,144 barrels of oil per day (bopd) and a stabilised flow rate
Read moreLondon close: Strong finish to tough week
18th Mar 2011 16:52
Shares went into the weekend on the front foot after a week that was overshadowed by international events. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council voted
Read moreLondon afternoon: Oil guzzlers welcome Libyan ceasefire
18th Mar 2011 14:03
The market's advance regained impetus over the lunchtime session as news came through of a ceasefire in Libya. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council
Read moreOil gushing at Gulf Keystone's Iraq field
18th Mar 2011 13:31
Gulf Keystone has struck big at the Shaikan-2 appraisal well in the Kurdistan Region of Iraq. The AIM-listed explorer reported a "significant initial oil flow" in a 44 metre interval (1,792-1,836m) in the Jurassic age formation. "Substantial smoke and/ or the oil flare is/ are visible from the co
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