Tag Archives | GKP

Gulf Keystone Updates on Kurdistan Operations

Gulf Keystone provided an update on Monday morning 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 […]

Exxon to Pounce on Gulf Keystone?

ExxonMobil is reportedly considering an $11 billion takeover of Kurdistan-focused explorer Gulf Keystone Petroleum. Reuters, citing the Independent on Sunday newspaper, said that Exxon is considering making an estimated 800 pence per share bid for the British company, which has made huge oil finds Iraqi Kurdistan. Neither company could be reached for comment by Reuters […]

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's Shaikan-5 Appraisal Well Spuds

Gulf Keystone has announced that the Shaikan-5 appraisal well has spudded on the Shaikan block in the Kurdistan Region of Iraq on 28th October 2011. Shaikan-5 is the third deep appraisal well to be drilled on the Company's major oil discovery with independently audited gross oil-in-place volumes of between 4.9 billion barrels and 10.8 billion […]

Excalibur Sues Gulf Keystone

Excalibur is suing Gulf Keystone Petroleum (GKP) over Kurdistan's 11-billion-barrel Shaikan oil field in a vigorously-contested lawsuit. The company had a "collaboration agreement" with Texas Keystone, a private company owned by GKP's chairman Todd Kozel and his brothers, giving it 30pc of fields won in any joint bids. According to London's Telegraph, Excalibur, which introduced […]

GKP Seeks Buyer for Akri-Bijeel block

Gulf Keystone has announced that it plans to sell a stake in one of its oil blocks in Iraqi Kurdistan. In its half-year operational review, the company said it would seek a buyer for its 20 percent interest in the Akri-Bijeel block, which is estimated to hold around 2.4 billion barrels of oil, and which […]

Gulf Keystone Updates on Kurdistan Operations

Gulf Keystone provided an update on its ongoing exploration and appraisal programme for the Shaikan block in the Kurdistan Region of Iraq on Monday: 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 with a mean value […]

Gulf Keystone Gains on New Drilling

Shares in Gulf Keystone  Petroleum (LSE: GKP) gained 4% this morning following the commencement of drilling at the Shaikan-2 appraisal well. The text of the company's announcement follows: Gulf Keystone announces the commencement of drilling operations on its Shaikan-2 appraisal well, on December 1, 2010. This is the first deep appraisal well to be drilled […]

Gulf Keystone Update on Bajeel-1

Bijeel-1 Discovery Well Update Gulf Keystone notes the announcement made today by MOL Hungarian Oil & Gas Plc regarding the successful end of testing of the Bijeel-1 discovery well, in which Gulf Keystone holds a 20% Working Interest. Highlights: The cased hole test, performed at a depth of 3,804 - 3,967 meters in the Jurassic […]

Gulf Keystone Shares Rally on Kurdistan Update

Shares in Gulf Keystone Petroleum (LSE: GKP) jumped 6.5% on Monday morning following an update on theie current exploration and testing activities in the Kurdistan region of Iraq: Shaikan-3 The well is currently in the Cretaceous Garagu Formation at 1,229 metres, measured depth.  Oil shows have been observed both while drilling and also in a […]