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09-Apr-2015 07:22 AM

Gulf Keystone after-tax losses rise

Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, posts after-tax losses of $248.2m for the year to the end of December - up from $32.0m last time. Gulf Keystone said revenues of
18-Mar-2015 12:13 PM

Gulf Keystone resumes production at Shaikan field

Gulf Keystone Petroleum (LSE: GKP), the operator of the world class Shaikan field in the Kurdistan Region of Iraq, has announced that it has resumed production and truck loading operations at both its production facilities (PF-1 and -2), in line with the
06-Feb-2015 07:13 AM

GKP's exports

Gulf Keystone Petroleum has suspended trucked exports from the Kurdistan region of Iraq while talks over payments continue. The company says that in the interim it will be recommencing crude oil supply for local Kurdistan use to maintain revenues and cas
22-Jan-2015 09:54 AM

Gulf Keystone appoints CFO

Gulf Keystone Petroleum has appointed Sami Zouari to the board as chief financial officer. Zouari joins the company following careers in both the oil & gas industry and investment banking, where he also had a particular focus on the Energy and Commoditi
05-Jan-2015 07:26 AM

Gulf Keystone's Shaikan output hits target

Output from Gulf Keystone Petroleum's operations at Shaikan in the Kurdistan Region of Iraq reached the company's 40,000 gross barrels of oil per day target on 27 December. The company says total daily production has been gradually increasing
22-Dec-2014 08:44 AM

Gulf Keystone strengthens its board

Gulf Keystone has appointed Maria Darby-Walker to the board as a non-executive director with immediate effect. Darby-Walker is a leading corporate and financial communications' executive, who has counselled the boards of international firms inclu
16-Dec-2014 08:24 AM

Gulf Keystone's Shaikan output set to rise

Gulf Keystone Petroleum expects output from its operations at Shaikan in the Kurdistan Region of Iraq to increase to 40,000 barrels of oil per day - up from 23,000-25,000 bpd at present. The increase is expected following completion of the installation
13-Nov-2014 09:25 AM

Gulf Keystone work at Shaikan on schedule

Gulf Keystone Petroleum is on track to complete all remaining work in order to achieve 40,000 gross barrels of oil per day of production capacity from Shaikan in the Kurdistan Region of Iraq by the end of the year. Gulf Keystone says total production lev
01-Oct-2014 08:31 AM

Gulf Keystone update on Shaikan output

Gulf Keystone Petroleum says it remains focused on achieving the target of 40,000 barrels of oil per day of production capacity from its operations at Shaikan in the Kurdistan Region of Iraq in line with its half year report schedule published on 28 Aug
28-Aug-2014 03:38 PM

GKP losses rise

Gulf Keystone Petroleum posts after-tax losses of $29.8m for the six months to the end of June - up from $26.4m a year ago. The company achieved revenues of $18.7m against nil last time and $6.7m for the 2013 financial year. Gulf Keystone says additional
07-Aug-2014 11:05 AM

Two new directors at Gulf Keystone

Gulf Keystone Petroleum has appointed Dr Joseph A. Stanislaw and V Uthaya Kumar as non-executive directors. Dr Stanislaw has spent the last three decades as a senior adviser within the energy industry. He was previously President and CEO of Cambridge En
17-Jul-2014 11:19 AM

Board changes at Gulf Keystone Petroleum

Gulf Keystone Petroleum (LSE: GKP) has announced that Todd Kozel has decided to stand down from the Board and not to accept the previously announced role of executive director after retiring as chief executive officer. As such, Mr Kozel declined to see
25-Jun-2014 03:01 PM

Third Gulf Keystone non-exec leaves

Gulf Keystone Petroleum non-executive director Thomas Shull has resigned from the board. His resignation followed the departure of non-executive director and deputy chairman Jeremy Asher and non-executive director John Bell which the company announced ea
25-Jun-2014 09:47 AM

Gulf Keystone CEO to retire at AGM

Gulf Keystone Petroleum chief executive Todd Kozel will retire from the role at the annual general meeting on 17 July. Subject to his re-election to the board by shareholders, he will take up a new role of executive director. A search for his replacem
16-Jun-2014 07:31 AM

Gulf Keystone FD leaves

Gulf Keystone Petroleum finance director Ewen Ainsworth will leave tomorrow (17 June) to pursue other interests. A search for Ainsworth's replacement is under way and potential candidates have been identified. While that search is concluded, Mary
13-Jun-2014 07:47 AM

Shaikan development plans on track, says Gulf Keystone

Gulf Keystone Petroleum says development plans to increase Shaikan production capacity to 40,000 gross barrels of oil per day by year-end are on track. It says Shaikan PF-1 production continues at stable rates of 16,000 gross bopd from three wells, Sha
14-May-2014 09:55 AM

Gulf Keystone expects rise in production revenues

Gulf Keystone Petroleum expects production revenues to increase significantly in the second of the year. Gulf Keystone commenced Shaikan crude oil exports by truck to Turkey in December and the first export sales in late January. Gross export deliverie
17-Apr-2014 04:18 PM

Gulf Keystone closes $250m debt financing

Gulf Keystone has announced the settlement and closing of its successful debt offering of US$250m in three-year senior unsecured notes due April 2017. These have been privately placed with institutional investors in Europe, the US and Asia. The offeri
09-Apr-2014 08:33 AM

Gulf Keystone in $250m debt financing

Gulf Keystone has priced a debt offering of $250m. The privately placed debt securities consists of three-year senior unsecured notes carrying a coupon of 13% per annum and freely tradeable and detachable warrants relating to 40 million common shares in
27-Mar-2014 09:41 AM

Gulf Keystone losses narrow

Gulf Keystone posts an after-tax loss of $32.0m for the year to the end of December - down from $81.8m in 2012. The loss per share fell to 3.69 cents (2012: 9.61 cents). The company - had cash, cash equivalents and liquid investments of $82.0m at the yea
13-Mar-2014 09:01 AM

Gulf Keystone CPR estimates 12.5bn barrels

Gulf Keystone Petroleum's reserves for the the Shaikan field and its other petroleum interests in the Kurdistan region of Iraq have been conservatively estimated at 12.5 billion barrels of gross oil in place. The competent person's report - whi
13-Mar-2014 08:06 AM

Gulf Keystone maintains steady output

Gulf Keystone says it continues to maintain current stable production and sales levels of approximately 10,000 barrels of oil per day from its first Shaikan production facility (PF-1) in the Kurdistan Region of Iraq. This is expected to increase in Q2
09-Jan-2014 01:59 PM

Gulf Keystone issues MNR statement on oil exports

Gulf Keystone Petroleum has issued an announcement by the Kurdistan regional government's ministry of natural resources on the sale of the first shipment of crude oil exported via the new pipeline through Turkey. Yesterday (8 January) Gulf Keystone
09-Jan-2014 07:36 AM

Shaikan crude oil exports start, says Gulf Keystone

Gulf Keystone has confirmed the start of crude oil exports from the Shaikan field. The company says that in line with its marketing strategy, which is being developed in co-operation with the ministry of natural resources of the Kurdistan Regional Gover
09-Dec-2013 08:50 AM

Excalibur will not launch appeal, says Gulf Keystone

Gulf Keystone says Excalibur Ventures does not plan to launch an appeal against a Commercial Court judgment made in September. Excalibur has agreed to an interim payment on account of the defendants' costs in the full sum of £17,500,000. This had
 
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