Tag Archives | Shaikan

Gulf Keystone Updates Kurdistan Operations

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 - Ryder Scott Kurdistan Study Results

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 […]

Gulf Keystone Jumps on Shaikan-3 News

Shares in Gulf Keystone (LSE: GKP)jumped 5.5% in London on Wednesday after the company announced the completion of drilling and testing operations on its Shaikan-3 shallow appraisal well. This well was designed to drill and test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well. The Company has a 75 percent working […]

Gulf Keystone Gains on New Drilling

Shares in Gulf Keystone  Petroleum (LSE: GKP) gained 4% this morning following the commencement of drilling at the Shaikan-2 appraisal well. The text of the company's announcement follows: Gulf Keystone announces the commencement of drilling operations on its Shaikan-2 appraisal well, on December 1, 2010. This is the first deep appraisal well to be drilled […]

Gulf Keystone Shares Rally on Kurdistan Update

Shares in Gulf Keystone Petroleum (LSE: GKP) jumped 6.5% on Monday morning following an update on theie current exploration and testing activities in the Kurdistan region of Iraq: Shaikan-3 The well is currently in the Cretaceous Garagu Formation at 1,229 metres, measured depth.  Oil shows have been observed both while drilling and also in a […]

Gulf Keystone Raises $175m in Surprise Placing

Gulf Keystone Petroleum (LSE: GKP), the Aim-quoted oil explorer, has raised £109m ($175m, 210 billion Iraqi dinars) to accelerate its Iraq-based drilling programme in a surprise share placement. The Financial Times reported on Saturday tha the placement was run by Mirabaud Securities and priced at 140p a share; Gulf Keystone’s shares closed at 143½p on […]