Tag Archives | Ber Bahr

Gulf Keystone Updates on Operations and Sales

Gulf Keystone (GKP) today provided an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis with a mean value of […]

Gulf Keystone Updates on Kurdistan Operations

Gulf Keystone provided an update on Monday on its ongoing exploration and appraisal programme for the Shaikan, Ber Bahr and Akri-Bijeel blocks in the Kurdistan Region of Iraq. Shaikan is a major discovery with independently audited gross oil-in-place volumes of between 4.9 billion barrels to 10.8 billion barrels calculated on the P90 to P10 basis […]

Gulf Keystone Updates on Ber Bahr Exploration Well

Gulf Keystone Petroleum has announced that the Ber Bahr-1 Exploration Well has spudded on the Ber Bahr block in the Kurdistan Region of Iraq on Monday, 10th October 2011. Ber Bahr-1 is the first exploration well to be drilled on the Ber Bahr block, which covers an area of 208 km² and lies to the […]

Gulf Keystone Announces Annual Results

Gulf Keystone Petroleum (AIM: GKP), the oil and gas exploration and production company operating in the Kurdistan Region of Iraq, has announced its results for the year ended 31 December 2010. HIGHLIGHTS Financial Summary ·      Loss after tax $26.0 million (2009: $96.3 million) ·      Loss per share 4.17 cents (2009: 22.80 cents) ·      Cash, cash equivalents […]

Gulf Keystone Raises $175m in Surprise Placing

Gulf Keystone Petroleum (LSE: GKP), the Aim-quoted oil explorer, has raised £109m ($175m, 210 billion Iraqi dinars) to accelerate its Iraq-based drilling programme in a surprise share placement. The Financial Times reported on Saturday tha the placement was run by Mirabaud Securities and priced at 140p a share; Gulf Keystone’s shares closed at 143½p on […]