Gulf Keystone Petroleum provided an update on its operations in the Kurdistan Region of Iraq this morning. The shares are down 3% in early trading, but have more than doubled in the past three months, partly on rumours of a take-over. Shaikan Long Term Test Facilities The recently constructed production test facilities near the location […]
Speculation that Gulf Keystone Petroleum (LON:GKP), which has significant operations in Iraqi Kurdistan, will become a takeover target continues today, following a report from small-cap broker Daniel Stewart & Co. Following an analyst field trip to the Kurdistan region of Northern Iraq, the broker's oil and gas expert Richard Nolan said the company had “astonishing […]
ShaMaran Petroleum, the Canadian oil and gas company, has announced that it has entered into an agreement with Aspect Energy International to acquire a one third stake in General Exploration Partners, a wholly owned subsidiary of Aspect. The Kurdistan Regional Government of Iraq ("KRG") and GEP are parties to a Production Sharing Contract dated November […]
Gulf Keystone has announced the results of further testing of the Mus (1,627m to 1,667m) section of the Jurassic on its Shaikan-1 discovery well. Final, stable, production rates during this week's re-test, using a much improved test setup versus the original 2009 test, were measured at 1,250 bopd with an API gravity of 19.7 degrees […]
Gulf Keystone has announced the results of further testing of the Butmah (1783m to 1814m) section of the Jurassic on its Shaikan-1 discovery well: Final production rates during this week's re-test were measured at 4650 bopd with an API gravity of 17.68 degrees and a gas oil ratio of 34 standard cubic feet per barrel […]
