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 […]
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 […]
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 […]
Further to the announcement of 23 May 2011, Gulf Keystone has announced that currently the Company is in the commissioning phase of oil export operations from its Extended Well Test (EWT) facility close to Shaikan-1 and Shaikan-3. The commissioning phase, involving final preparations and customary checks and tests on all elements of the process, including […]
Gulf Keystone has announced that the Shaikan-4 Deep Appraisal Well has spudded on the Shaikan block in the Kurdistan Region of Iraq on Friday 27th May 2011. Shaikan-4 is the second deep appraisal well to be drilled on the company's significant oil discovery with gross oil-in-place volumes of between 4.9 billion barrels to 10.8 billion […]
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 has announced the results of the previously reported well test at the Shaikan-2 Appraisal Well drilled approximately nine km to the south-east of the Shaikan-1 discovery well. Shares in Gulf Keystone closed the day down 6% on Tuesday. Shaikan-2 has achieved short term, indicated rates of 10,144 barrels of oil per day (bopd) […]
[Update: Gulf Keystone closed the day up 31% at 161.75p] Shares in Gulf Keystone jumped 20% on Friday morning following the company's reporting of significant initial oil flow on the Shaikan-2 Appraisal Well in a 44 meter interval (1,792m to 1,836m) in the Jurassic age formation. Substantial smoke and/ or the oil flare is/ are […]
Gulf Keystone Petroleum (LSE: GKP) has announced an update on its Shaikan-3 Shallow Appraisal Well. Following completion as a Sargelu/Alan formation producer and as a result of an acid treatment, Shaikan-3 has achieved a rate of 9,800 bopd. The stabilized flow rate was recorded on a 128/64th inch choke with a flowing tubing pressure of […]
According to a report from Reuters, oil explorer Gulf Keystone sees itself increasingly as a potential takeover target, but has not received any serious takeover approaches so far. "As the political situation between Iraq and Kurdistan gets more and more stable... you have to think that somewhere along the line there'll be some kind of […]
Gulf Keystone provided an update this morning on its active work program in Kurdistan. Sheikh Adi - 1 The Sheikh Adi-1 exploration well is currently at the 13.375 inch casing point at the bottom of the Cretaceous interval after side tracking around a section of the bottom hole assembly that had become stuck in the […]
Gulf Keystone this morning announced the completion of an additional third party analysis of the gross oil in place resources resulting from the Shaikan-1 discovery well. The Company has previously reported gross oil in place resources, on a P90 to P10 basis, of 1.9 to 7.4 billion barrels with a mean value of 4.2 billion […]
