Thursday tips round-up: Imperial Tobacco, Petropavlosk, Gulf Keystone
23rd Sep 2010 06:44
While close rival British American Tobacco (BAT) has seen its shares climb 18.5pc since the turn of the year, Imperial was down 3.5% heading into the company's trading statement on Wednesday. Against that backdrop, a lack of bad news was well received. Net tobacco revenues are forecast to be 3% high
Read moreGulf Keystone excited by 'imminent' test production
13th Sep 2010 08:23
Kurdistan-focused oil explorer Gulf Keystone trimmed interim losses thanks to a foreign exchange gain and expects the first test production from Shaikan-1 "in the coming weeks". Losses after tax for the six months ended 30 June dropped to $3.1m from $5.6m a year earlier, and cash ballooned to $161.
Read moreGulf Keystone starts drilling Shaikan-3
3rd Sep 2010 15:57
Gulf Keystone Petroleum, one of the biggest companies listed on AIM, has started drilling on its Shaikan-3 appraisal well. The Kurdistan-focused oil company said the shallow appraisal well is situated very close to the Shaikan-1 well, the site of last year's discovery of the giant Shaikan oil field
Read moreEncouraging drilling result for Gulf Keystone
5th Aug 2010 16:40
Shares in Kurdistan-focused oil explorer Gulf Keystone headed higher for the second day in succession on Thursday as the company followed up its midweek operations update with an encouraging test drilling result on its Shaikan-1 discovery well. The results of further testing of the Butmah (1783m to
Read moreGulf Keystone Initial Loads Of Production Facility Equipment Arrives
19th Jul 2010 07:41
LONDON (Dow Jones)--Gulf Keystone PLC (GKP.LN), said Monday that the initial loads of production facility equipment to the Shaikan field location and the commencement of the rig move by the AOS Discover-1 drilling rig to the Sheikh Adi-1 exploration well site, has arrived. MAIN FACTS: -The f
Read moreGulf Keystone looking to beef up Shaikan-1
12th Jul 2010 08:25
Kurdistan-focused oil explorer Gulf Keystone is taking better equipment back to its Shaikan-1 discovery well to retest promising areas and possibly improve production prospects. The entire workover and drilling program, which could take between four and five months to complete, includes an appraisa
Read moreGulf Keystone Petrol Starts Additional Well Testing At Shaikan-1
12th Jul 2010 07:18
LONDON (Dow Jones)--Independent oil and gas company, Gulf Keystone Petroleum Ltd (GKP.LN), Monday announces the start of workover and testing operations on the Shaikan-1 discovery well. MAIN FACTS: -Will execute the following work program in the given sequence: -1. Zone three: Re-test
Read moreUK SMALLCAP ROUNDUP: Mariana Resources Raises GB6.75 Million
23rd Jun 2010 16:00
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MARIANA RESOURCES LTD. (MARL.LN), a gold, silver and copper explorer, Wednesday said it agreed to raise GBP6.75 million in a share sale to fund drilling at i
Read moreGulf Keystone delayed at Shaikan
23rd Jun 2010 07:40
Gulf Keystone, the Kurdistan-focused oil explorer, has had to delay the start of drilling Shaikan- 2 appraisal well after running into mechanical problems on another well. Gulf says the Bijeel-1 exploration well had to be re-drilled after running into problems at a depth 370 metres, which woiuld ca
Read moreGulf Keystone Bijeel-1 Well Encounters Potential Hydrocarbons
23rd Jun 2010 07:37
LONDON (Dow Jones)--Gulf Keystone Petroleum Ltd (GKP.LN) said Wednesday that on the Bijeel-1 exploration well operated by MOL subsidiary, Kalegran Limited, the well has encountered more than 400 meters of potential hydrocarbon bearing interval between 3646 meters and total depth at 4383 meters.
Read moreGulf Keystone raises £114m
25th May 2010 14:54
Kurdistan-focused Gulf Keystone Petroleum turned lower Tuesday following completion of a $165m (£114.2m) fundraising at 75p a share, an 11% discount to last night's closing price. The company said it will use the money to progress the rest of its 2010 and early 2011 work programmes after receiving
Read moreLondon midday: London lethargy lingers
15th Mar 2010 12:10
With the glut of end-2009 results announcements out of the way London looks in the mood to put its feet up and take a rest. In terms of hard news relating to FTSE 100 companies that is restricted to distribution group Bunzl and mining stock Rio Tinto. Distribution and outsourcing group Bunzl has
Read moreGulf Keystone places discounted shares
15th Mar 2010 08:52
Shares in Kurdistan-focused oil and gas explorer Gulf Keystone fell back Monday morning after the company announced a discounted share placing. Gulf Keystone raised in the region of £16m through the placing of 20.92m shares at 76.5p. The mid-market share price of Gulf Keystone on the trading day be
Read moreGulf Keystone takes control of JV
10th Mar 2010 07:54
Kurdistan-focused oil and gas explorer Gulf Keystone has been in talks with the Kurdistan Regional Government (KRG) to reorganise the company’s interest in its joint venture Gulf Keystone Petroleum International (GKPI). Gulf Keystone contacted the KRG after a material default by uits joint venture
Read moreNew discovery for Gulf Keystone
9th Mar 2010 17:14
Kurdistan-focused oil and gas explorer Gulf Keystone Petroleum has announced another oil discovery. Gulf Keystone has 20% of the Akri Bijeel block in Kurdistan. The operator Kalegran owns the rest and it has announced a successful test at the Bijeel-1 exploration well, which has reached 3,831m. Oi
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