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’Sunrise over Erbil
Just in from Kurdistan, the first pictures of Gulf Keystone’s Shaikan-2 well.
(click for the full slide show).
Now, those pictures actually aren’t anything to worry about. In fact they are positive.
Snap news
Breaking pre-market news on Monday,
- Ryanair posts third-quarter loss of €10m – statement.
- Lagardere to sell International Magazine unit to Hearst for €651m – statement.
- Gulf Keystone says Kurdistan study backs estimates – statement.
Snap news
Breaking pre-market news on Wednesday,
- BASF agrees to buy Cognis for €3.1bn, including debt – statement.
- Agricultural Bank of China to price Hong Kong portion of its £23bn IPO at not less than HK$2.80 a share – report.
Snap news
Breaking pre-market news on Monday,
- Gulf Keystone Petroleum announces £16m interim equity fund raising at 76.5p a share – statement.
- Rightmove says UK house asking prices rose just 0.1 per cent in March – statement.
Snap news
Breaking pre-market news on Wednesday,
Glencore says net profits fell 43 per cent in 2009 – statement.
- Gulf Keystone says partner in Kurdistan in default, to pay $40m to regional government – statement.
Snap news
Breaking pre-market news on Monday,
- Heritage Oil-Genel merger terminated, Heritage issues letter of intent to sell its Ugandan assets to Eni for $1.3bn – statement.
- Lloyds Banking Group says it has accepted offers to exchange £8.8bn of non-US securities – statement.
Gulf Keystone and that Kurdish oil discovery – update
Presented without comment.
From Hungarian newspaper Napi Gazdasag via Dow Jones:
BUDAPEST (Dow Jones)–Hungarian oil and gas company MOL Nyrt. (MOL.BU) is cautious concerning its joint oil project in Iraq after its partner Gulf Keystone Petroleum Ltd.
The new Cairn Energy?
That will doubtless be the view of some of the more excitable brokers following the latest drilling update from Gulf Keystone Petroleum, the curious Kurdistan-focused oil company that has been causing a bit of stir in London during these quiet summer months.
The Keystone Press and the latest hoax bid story
There is no $2.2bn bid for Gulf Keystone Petroleum.
Repeat.
There is no $2.2bn bid for Gulf Keystone.
Official press release, Thursday:
The Company notes yesterday’s press speculation and can confirm that the Company,
Snap news
Breaking pre-market news on Thursday,
- Nationwide says July house prices rise 1.3 per cent in July — statement.
- Gulf Keystone confirms it’s contemplating a placing, not in discussions regarding a takeover — statement.