Tag Archives | Shaikan

GKP Shares Fall on Fundraising for Shaikan

By John Lee. Gulf Keystone has announced the launch of an offering of senior unsecured convertible bonds due October 2017 in a principal amount of USD$ 200 million, which may be increased in the event the Company exercises in full its increase option of up to USD$ 25 million (the "Increase Option"). Shares in the […]

GKP Declares Commercial Discovery at Shaikan

By John Lee. Shares in Gulf Keystone (GKP) were up more than 5% on Friday following the company's submission of a 'Declaration of Commercial Discovery' relating to its Shaikan Block in Iraqi Kurdistan. Todd Kozel (pictured), Gulf Keystone's Executive Chairman and Chief Executive Officer commented: "Declaration of Commercial Discovery is an important milestone for Gulf […]

Gulf Keystone Rallies on Shaikan Oil-in-Place Upgrade

By John Lee. Prior to today's AGM, Gulf Keystone Petroleum has announced another major upgrade of the gross oil-in-place volumes for the Shaikan field in the Kurdistan Region of Iraq. Shares in GKP were up 6% in early trading in London. The revised gross oil-in-place volumes for the Shaikan field, as calculated by Dynamic Global […]

Good News from Gulf Keystone's Shaikan-5

Gulf Keystone provided an update on Tuesday on its ongoing appraisal programme at the Shaikan block in the Kurdistan Region of Iraq, which is 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 10.5 […]

GKP Shares Up 10% on Shaikan-4 Well Test

Shaikan-4 Well Test Achieves 24,000 bpd Gulf Keystone Petroleum (GKP) has completed the testing programme for the Shaikan-4 deep appraisal well, drilled 6 km to the west of the Shaikan-1 discovery well in the Kurdistan Region of Iraq. The extensive well testing programme commenced in December 2011 after Shaikan-4 had drilled to a total depth […]

Gulf Keystone Update - Shaikan-4 Results 'Excellent'

Gulf Keystone has just issued 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 […]

GKP Updates on Kurdistan Operations

Gulf Keystone has issued 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 10.5 […]

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 […]

GKP's Shaikan-6 Appraisal Well Spuds

Gulf Keystone has announced that the Shaikan-6 appraisal well has spudded on the Shaikan block in the Kurdistan Region of Iraq on 16th December 2011. Shaikan-6 is the fourth deep appraisal well to be drilled on the Company's major oil discovery with independently audited gross oil-in-place volumes of between 8 billion barrels and 13.4 billion […]

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 […]

GKP Jumps on Oil-in-Place Upgrade

Shares in Gulf Keystone Petroleum (AIM: GKP) jumped 6.4% on Tuesday following a major upgrade of the gross oil-in-place volumes for the Shaikan discovery in the Kurdistan Region of Iraq. The revised gross oil-in-place volumes for the Shaikan discovery, as calculated by Dynamic Global Advisors (DGA), independent Houston-based exploration consultants, are a P90 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 […]