Search results for ""Gulf Keystone""

Gulf Keystone Losses Widen

Gulf Keystone Petroleum (GKP) this morning announced its results for the year ended 31 December 2014. HIGHLIGHTS Operational 2014 gross production of 6,484,391 barrels of oil (2013: 496,921 barrels of oil) with significant growth expected in 2015 Gulf Keystone’s operations in the Kurdistan Region remained secure with production operations and crude oil export deliveries from […]

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Gulf Keystone KRG Operations Update

By John Lee. Gulf Keystone (pictured: CEO John Gerstenlauer) an independent oil and gas exploration, development and production company with operations in the Kurdistan Region of Iraq (“Kurdistan Region”), today announces its results for the six months ended 30 June 2014. Operational highlights ·           Gulf Keystone’s operations in the Kurdistan Region remain secure and production […]

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Gulf Keystone CEO and Directors Resign

By John Lee. Gulf Keystone Petroleum announced this morning that Non-Executive Director and Deputy Chairman Jeremy Asher and Non-Executive Director John Bell “have ceased to be Directors in accordance with the Company’s bye-laws”. The Company will restart its previously announced search process, with the assistance of Odgers Berndtson, for two new independent non-executive directors, and […]

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Gulf Keystone Up on Shaikan Update

By John Lee. Gulf Keystone Petroleum (GKP) has given an update on its production operations at Shaikan in Iraqi Kurdistan, its key producing asset. The company’s shares closed up 1.9 percent on Friday. Production Development plans to increase Shaikan production capacity to 40,000 gross barrels of oil per day (“bopd”) by year-end 2014 are on […]

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Gulf Keystone to Raise $250m Debt

Gulf Keystone has announced that it has mandated Deutsche Bank and Pareto Securities to arrange a series of fixed income investor meetings in the US, Europe and Asia commencing 20 March 2014. A debt offering of up to US$250 million in accordance with Reg S/144A is expected to follow, subject to market conditions. On 13 […]

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Gulf Keystone Update

Gulf Keystone Petroleum (GKP) has this morning provided an Operational and Corporate update, and released a third party audit of the Company’s reserves, contingent resources and prospective resources for its petroleum interests in the Kurdistan Region of Iraq. Summary The Company continues to maintain current stable production and sales levels of approximately 10,000 barrels of […]

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Gulf Keystone Starts Drilling at Shaikan-7

By John Lee. Gulf Keystone has announced the commencement of the Company’s drilling campaign to explore deeper, yet untested horizons of the world class discovery at the Shaikan field, which the Company operates. Shaikan-7, the first deep exploration well on the Shaikan block, is targeting the mid to lower Triassic and, potentially, Permian horizons, spudded […]

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Gulf Keystone Resumes Pumping in Kurdistan

By John Lee. According to industry sources cited by reuters, Gulf Keystone has restarted production in Kurdistan after a gap of six months. The company is now producing between 5,000 and 7,000 bpd for sale on the domestic market, and is developing its Shaikan field to raise output to around 40,000 bpd by the middle […]

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