By John Lee. Gulf Keystone Petroleum (GKP) has said it has "temporarily shut-in production" at its Shaikan field in Iraqi Kurdistan. In a statement this morning (Wednesday), the company said: "Gulf Keystone has noted reports over the past two days of explosions at a number of oil fields in the vicinity of the Company's Shaikan […]
By John Lee. Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. CEO Jon Harris reported strong performance so far this year, with gross average production of approximately 44,900 barrels of oil per day (bopd) supported by […]
By John Lee. Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. Shares were trading up more than two percent at lunchtime. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "2024 was a year of strong operational and financial delivery for Gulf Keystone. We have sustained our […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced its results for the half year ended 30 June 2024: Jon Harris, Gulf Keystone's Chief Executive Officer, said: "We have safely delivered a solid operational and financial performance in the first half of 2024, with robust local sales combined with sustained capital and cost discipline supporting […]
By John Lee. Gulf Keystone Petroleum (GKP) has said that local sales volumes have rebounded in recent weeks. It adds that sales for February are expected to be above expected monthly net capex and costs. Full statement from GKP: Update on Shaikan Field local sales & Notice of 2023 Full Year Results Gulf Keystone, a […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up ten percent on Monday, after the company announced an increase in local sales of oil from its Shaikan field. The shares fell back five percent in trading on Tuesday morning. Statement from GKP: Update on Shaikan Field local sales Gross average sales in September […]
By John Lee. Share in Gulf Keystone Petroleum (GKP) were trading up nearly 7 percent this morning (Wednesday), follow a fall that saw the shares down 25 percent at one point yesterday. In an operational and corporate update, the company said it has, "commenced local sales in July and partially restarted Shaikan Field production, increasing […]
By John Lee. Gulf Keystone Petroleum (GKP) provided an operational and corporate update on Friday. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "Gulf Keystone entered 2023 following a year of strong operational and financial performance and continued delivery against the Company's disciplined strategy of investing in profitable production growth, sustainable shareholder returns and […]
Gulf Keystone Petroleum (GKP) provided an update on operational and corporate activity and the Company's upcoming 2023 Annual General Meeting ("AGM") on Monaday: Operational & Corporate Update Following the shut-in of the Iraq-Turkey pipeline on 25 March 2023, production from the Shaikan Field remains shut-in. The suspension of exports has resulted in a gross production […]
Gulf Keystone Petroleum (GKP) is providing an update on its announcement dated 27 March 2023 regarding the shut-in of the Iraq-Turkey pipeline on 25 March 2023 and suspension of exports. GKP announces that it expects to shut-in production processed at Production Facility 1 ("PF-1") today [Friday], while production flowing into Production Facility 2 ("PF-2") will […]
By John Lee. Following the arbitration ruling that has stopped oil exports from the Kurdistan Region of Iraq, the oil companies affected have issued statements to the markets on the situation. Genel Energy, which has interests in the Tawke, Taq Taq and Sarta fields, said that public statements made by both the Federal Iraq Ministry […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading up nearly five percent on Thursday after the company announced its results for the full year ended 31 December 2022 and the 2022 Competent Person's Report: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We delivered strong operational and financial performance in 2022 […]
