Sunday newspaper round-up: Brexit, BoE, LSE, housebuilders, Rio Tinto, Go-Ahead
3rd Jul 2016 16:58
(ShareCast News) - A group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament. The action, brought by law firm Mishcon de Reya, would potentially complicate Britain's path to leaving the EU, given that a majority of
Read moreGenel receives March payments for Taq Taq field
11th Apr 2016 14:18
(ShareCast News) - Genel Energy said on Monday that partners of the Taq Taq field have received a gross payment of $19.88m (£14m) from the Kurdistan Regional Government (KRG) for oil sales in March, with its share coming to $10.93m. As agreed with the KRG, sales into the local market and deliveries
Read moreMonday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreGulf Keystone says finance deal unlikely in near term
17th Mar 2016 12:45
(ShareCast News) - Gulf Keystone Petroleum was under pressure after it said the current low oil price environment and the political situation Iraq cast significant doubt on the group's ability to continue as a going concern, although it posted a narrower loss for 2015. The oil producer, which focuse
Read moreIraqi Kurdistan authorises $12m Gulf Keystone payment
19th Feb 2016 11:45
(ShareCast News) - Gulf Keystone Petroleum said on Friday the Kurdistan Regional government has authorised a gross payment of $15m - $12m net - to the group for crude exports from the Shaikan field. The company said $5.8m was for oil exported in January, with $9.2m being paid towards the recovery of
Read moreGulf Keystone Petroleum takes encouragement from Kurdistan payment
2nd Dec 2015 12:30
(ShareCast News) - Iraq oil developer Gulf Keystone Petroleum has received a payment from the Kurdistan Regional Government for its most recent invoice, increasing hope that its considerable arrears will also be satisfied in the coming year. Having received three consecutive monthly payments, Gulf K
Read moreGulf Keystone to receive $12m from Kurdistan Regional Government
7th Sep 2015 12:28
(ShareCast News) - Gulf Keystone said the Kurdistan Regional Government has authorised the payment of $12m to be wired to the company's account in the next seven days. The independent oil and gas exploration and production company, which operates the Shaikan field in the Kurdistan region of Iraq, sa
Read moreGulf Keystone names YouGov co-founder as chief strategy officer
24th Aug 2015 10:46
(ShareCast News) - Nadhim Zahawi has been appointed as chief strategy officer of Gulf Keystone Petroleum, the oil and gas explorer said on Monday. The London-listed company said Zahawi, who co-founded research firm YouGov, will be responsible for the evaluation of strategic options for the company a
Read moreGulf Keystone brings MP on board to improve relations with Kurdish government
23rd Aug 2015 13:57
(ShareCast News) - Gulf Keystone is believed to have appointed Conservative MP Nadhim Zahawi to a part-time, paid advisory role with the oil producer. It is understood that the board believes Iraqi Kurd Zahawi could help improve relations between the company and the Kurdish government, the Sunday Ti
Read moreGulf Keystone shares rise despite slashed output forecasts
9th Jul 2015 10:00
Shares in Gulf Keystone rose despite the company slashing production forecasts ahead of its annual general meeting. At 10:15 shares in the company, which operates the Shakan field in Iraq, had risen by 3.71% to 33.71p. Gulf Keystone said while in past two months it had produced on average 38kbopd,
Read moreGulf Keystone Petroleum faces new board exodus
3rd Jul 2015 07:04
Gulf Keystone Petroleum has awoken to a fresh bedroom crisis, with the exit of three board members just days before its annual shareholder meeting. Non-executive director V Uthaya Kumar resigned from the board, with fellow non-executives Joseph Stanislaw and Maria Darby-Walker both deciding not to s
Read moreGulf Keystone signs new deal with oil buyer in Iraqi Kurdistan
29th Jun 2015 08:27
Oil and gas explorer Gulf Keystone Petroleum has clinched a six-month deal with a crude oil buyer in Iraqi Kurdistan. Under the terms of the agreement, the London-listed group will supply between 12,000 and 40,000 barrels of oil per day (bpd) to an unnamed local buyer, the company said, adding it ha
Read moreGulf Keystone unveils new CEO
5th Jun 2015 08:52
Jón Ferrier has been appointed as new chief executive of Gulf Keystone Petroleum, the oil explorer said. In a short statement released on Friday, the group confirmed that John Gerstenlauer retired from his position as chief, as previously announced on 1 June, and will step down as a director of the
Read moreGulf Keystone appoints Jon Ferrier as new CEO
1st Jun 2015 09:47
Oil and gas exploration company Gulf Keystone said on Monday that it has appointed former Maersk Oil executive Jon Ferrier as its new chief executive officer, replacing John Gerstenlauer. Ferrier will join Gulf Keystone as CEO following three decades spent in exploration, commercial, strategic and l
Read moreGulf Keystone annual loss widens on payments dispute
9th Apr 2015 09:09
Oil producer Gulf Keystone Petroleum said its annual loss widened exponentially as it was still owed approximately $100m (£67.3m) for crude exports. The Kurdistan-focused group saw its annual after tax loss jump from $32m to $248.2m, driven by a dispute over exports with the Kurdistan regional gover
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