Gulf 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
Read moreThursday preview: BoE unveils latest policy decision amid concerns of low inflation
8th Apr 2015 14:18
The Bank of England (BoE) is on Thursday widely expected to keep interest rates at the record low of 0.5% and the asset purchase programme at £375bn. The central bank's chief economist Andy Haldane last month suggested the possibility of a rate cut to address low inflation but Governor Mark Carney h
Read moreGulf Keystone successfully completes consent solicitation
8th Apr 2015 10:06
Oil explorer Gulf Keystone Petroleum has been granted permission to remove the book equity ratio covenant from the trust deed constituting the notes of its security agreement. The London-listed group said holders representing over 89% of the amount of notes outstanding took part in the vote, with 99
Read moreSunday share tips: Marks&Spencer, Gulf Keystone, Lookers
6th Apr 2015 15:20
Buy shares of Marks & Spencer, Questor advised in the Sunday Telegraph. The end to falling sales at M&S's clothing business was an important moment in the investment case for M&S after almost four years when the company had to rely on strong food revenues to help offset clothing's decline. The share
Read moreGulf Keystone's non-executive chairman announces retirement
31st Mar 2015 08:55
Gulf Keystone Petroleum's non-executive chairman is set to retire from his position at the embattled oil producer. Simon Murray, the former Glencore chairman is leaving the company immediately, without a replacement. The departure comes just after the company raised $40.6m from a share placement to
Read moreGulf Keystone extends deadline for lenders to accept loan proposals
24th Mar 2015 08:53
Oil explorer Gulf Keystone Petroleum said it has given its lenders more time to accept an incentivised offer to accept changes of $250m (£167m) of loan notes. Earlier in March, the London-listed group announced it was set to breach a technical covenant of the debt in a bid to amend the loan terms wi
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