Gulf Keystone Petroleum (GKP) has issued providing an operational and corporate update: Jón Ferrier, Gulf Keystone's Chief Executive Officer, said: "In these challenging times, we remain focused on the safety of our people and have adapted our operations to ensure their continued welfare. With the associated economic backdrop compounded by a delay in payments, we […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down 9.6 percent on Monday, compared to a broader market fall of 7.4 percent, as the company announced that expansion plans will be delayed due to coronavirus (COVID-19). In a statement to the markets, the company said: The Company has been closely monitoring the […]
Gulf Keystone Petroleum (GKP) has issued an operational and corporate update in advance of the Company's full year 2019 results which are scheduled to be released on 26 March 2020. Operational Average gross production for 2019 of 32,883 barrels of oil per day ("bopd"), meeting original 2019 gross production guidance. Current production rates from the […]
Gulf Keystone Petroleum (GKP) has provided an operational and corporate update. Operational Average gross production for the year up to 30 November 2019 of 32,127 barrels of oil per day ("bopd"). November gross production averaged 40,582 bopd, with current production rates from the field at c.42,000 bopd. GKP is therefore on track to meet its […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced the appointment of Ian Weatherdon as Chief Financial Officer ("CFO"). Mr Weatherdon has over 25 years' experience in the international oil and gas industry and joins GKP from Sino Gas & Energy Holdings Limited where he was CFO. Sino Gas is an energy company focused on […]
Report on Payments to Governments for 2018 This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ("Gulf Keystone") for the year ended 31 December 2018 as required under Disclosure and Transparency Rule 4.3A issued by the UK's Financial Conduct Authority ("DTR 4.3A") and in […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced its intention to commence a share buyback programme, using the company's existing cash resources to make market purchases of Gulf Keystone common shares for a maximum consideration of US$25 million, with the first stage of that programme being initiated now to purchase Gulf Keystone shares for […]
Genel Energy has announced the appointment of Mike Adams (pictured) as Technical Director, and PDMR, with immediate effect. The appointment follows a repositioning of the role of Chief Operating Officer ('COO'), which is now split into 'pre-production' and 'on production' business lines. Reporting to the Chief Executive Officer, Mike is responsible for all pre-production activities […]
Gulf Keystone Petroleum (GKP) has announced that Sami Zouari (pictured), Chief Financial Officer (CFO), will be stepping down as CFO and a Director of the Company during the second half of the year, and will leave the business by no later than 2 December 2019. Mr Zouari has been CFO of GKP since January 2015 […]
By John Lee. US-based investment giant BlackRock has increased its shareholding in Gulf Keystone Petroleum (GKP) to 5 percent, up from 4.89 percent. Shares in the company have risen 35 percent since the start of the year. In 2016, GKP announced that it was in default on its debt obligations, which led to a restructuring […]
Shares in Gulf Keystone Petroleum (GKP) were trading up 3 percent on Monday after the company provided an operational and corporate update on its operations in Iraqi Kurdistan. Analyst Peel Hunt has reportedly re-issued its "Buy" rating during the morning. Operational Operational activity continues at the Shaikan Field (pictured) to complete the debottlenecking programme in […]
Shares in Gulf Keystone Petroleum (GKP) closed 4.3 percent higher on Wednesday after the company provided an operational and corporate update. Operational Production operations, underpinned by strong performance of the Shaikan Jurassic reservoir, continue in line with expectations. Average gross production of 31,563 barrels of oil per day ("bopd") was achieved in 2018, at the […]
