Gulf Keystone Petroleum Limited (LON:GKP) moved to reassure investors with an operations update confirming that its operations at the Shaikan field in the Kurdistan region of northern Iraq continue safely and securely.
DNO, the Norwegian oil explorer that focuses on the Iraqi Kurdistan region, has offered $300m for rival Gulf Keystone Petroleum. The unsolicited cash and share proposal, announced on Friday, comes after the announcement of London-listed GKP's financial ...
Kurdistan oiler Gulf Keystone Petroleum Ltd (LON:GKP) told investors it is now preparing to make fresh investments into the Shaikan field, to 'maintain' production volume of around 40,000 barrels of oil per day.
Gulf Keystone Petroleum (LSE: GKP) has been one of the great oil disaster stories for investors of recent years. Its protracted fall from grace culminated in a virtual wipeout for long-term shareholders last year in a hugely dilutive debt-for-equity swap.
Shares in Gulf Keystone Petroleum jumped as much as 70 per cent on Wednesday after the financially stretched oil explorer with assets in Kurdistan confirmed it was in talks with unnamed parties that could lead to a sale.