Gulf Keystone Petroleum commences further exploration of Shaikan field
19th Jun 2013 10:37
AIM-listed independent oil land gas exploration and production company Gulf Keystone has commenced a drilling campaign to explore deeper and as yet untested horizons of the Shaikan field which the company operates. Shaikan-7 is the first deep exploration well in the Shaikan block, targeting the m
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreThursday broker round-up UPDATE
13th Jun 2013 07:01
African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation. ASOS: Nomura raises target price from 2970p to 3400p keeping a neutral rating. Exane increases target price from 4200p to 5000p and retains its outperform rating. Citi ups target price from 4400p to
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreGulf Keystone and Genel make 'significant' discovery
30th May 2013 08:43
Genel Energy and Gulf Keystone Petroleum have revealed a 'significant' oil discovery at their jointly-owned exploration well in Kurdistan. Gulf Keystone and Genel both hold a 40% working interest in the Ber Bahr block in the Kurdistan Region of Iraq, with the Kurdistan Regional Government having a
Read moreTuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreGulf Keystone ready for 'exciting year' after oil discovery in Iraq
20th Feb 2013 07:57
Gulf Keystone Petroleum, the AIM-listed oil and gas group focused in Iraq, said that oil has been found at its part-owned Bakrman-1 exploration well. Operator MOL Hungarian Oil and Gas announced that the well had made a new Triassic discovery, the second discovery on the Akri-Bijell Block, in which
Read moreGulf Keystone announces new discovery
8th Nov 2012 12:12
Kurdistan-focused oil explorer Gulf Keystone has announced the discovery following the completion of a well testing programme of the Sheikh Adi-2 exploration well on the Sheikh Adi block. During the Sheikh Adi-2 well testing programme the company has successfully tested four reservoir zones at meas
Read moreGulf Keystone sells 275m dollars of convertible bonds
19th Oct 2012 10:29
Gulf Keystone Petroleum, the Kurdistan-focused oil explorer, has sold 275m dollars of convertible bonds to fund development work at its Shaikan oil field. The convertible bonds will carry a coupon of 6.25% and be issued and redeemed at 100% of their principal amount and, unless previously redeemed,
Read moreBroker tips: Gulf Keystone, Wolseley, Capital Shopping
20th Sep 2012 14:33
Analysts at WH Ireland have issued a bullish note on Gulf Keystone Petroleum this morning. The broker highlights the recent positive news-flow on the company -including the apparent resolution of the stand-off between authorities in Baghdad and Erbil and the construction of a new pipeline through
Read moreBroker snap: Gulf Keystone could be "taken-out", WH Ireland says
20th Sep 2012 12:59
Analysts at WH Ireland have issued a bullish note on Gulf Keystone Petroleum this morning. The broker highlights the recent positive news-flow on the company -including the apparent resolution of the stand-off between authorities in Baghdad and Erbil and the construction of a new pipeline through
Read moreGulf Keystone triples losses in first half as expenses soar
12th Sep 2012 10:20
Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, has tripled its losses for the half year ended June 30th as general and administrative expensenses more than doubled on the back of a significant increase in the operational
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreLondon close: Footsie stages late recovery
10th Aug 2012 16:47
After trading in the red for most of the day Footsie put in a late spurt in the last half hour to claw back most of the day's losses. Shares, and in particular miners, had been on the back foot after some disappointing trade data from China. Chinese exports grew 1.0% from a year earlier in July,
Read moreLondon midday: City approves of new Barclays Chairman
10th Aug 2012 11:54
Footsie bumbled along for most of the morning a little in the red, weighed down by mining stocks, which have been under selling pressure after weak Chinese trade data. The top-share index did briefly venture into positive territory around 11:00 but with US futures markets pointing to a soft opening
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