Posts tagged 'Gulf Keystone'

A GKP spoof

We assume someone must have breached the RNS statement submission security system to do this, but nevertheless there’s a joke release doing the rounds suggesting that Gulf Keystone Petroleum has appointed Simon Murray as chairman.

It’s quite a professional job. See: Read more

Australia’s $20 trillion oil find

Move over Gulf Keystone; there’s a new wannabe supermajor in town.

It’s a small Australian exploration and development company called Linc Energy – tagline ‘Fueling our Future’ – and according to some hysterical media reports down under it’s found oil worth $20 trillion. Read more

Exxon mulls takeover of Gulf Keystone

According to the Independent on Sunday, Exxon Mobil is contemplating a £7bn ($10.9bn) takeover of Britain’s Gulf Keystone, which has discovered large reserves in Kurdish areas of Iraq. Spokesmen for both companies declined to comment. While Exxon recently made its own move into the region, the deal it struck with the local government angered the central government in Baghdad, that declared that any such deals were illegal.

Sunrise over Erbil

Just in from Kurdistan, the first pictures of Gulf Keystone’s Shaikan-2 well.

(click for the full slide show). Read more

Snap news

Breaking pre-market news on Monday,

- Ryanair posts third-quarter loss of €10m – statementRead more

Snap news

Breaking pre-market news on Wednesday,

- BASF agrees to buy Cognis for €3.1bn, including debt – statementRead more

Snap news

Breaking pre-market news on Monday,

- Gulf Keystone Petroleum announces £16m interim equity fund raising at 76.5p a share – statementRead more

Snap news

Breaking pre-market news on Wednesday,

Glencore says net profits fell 43 per cent in 2009 – statementRead more

Snap news

Breaking pre-market news on Thursday,

- EFG-Hermes in discussions to sell its stake in Bank Audi – statementRead more

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 – statementRead more

Gulf Keystone and that Kurdish oil discovery – update

Presented without comment.

From Hungarian newspaper Napi Gazdasag via Dow Jones: Read more

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.

To recap, a month ago the company hit the headlines following reports that it had received a joint $2.3bn bid from Indian Oil Corporation and Oil India. That was subsequently denied and the cash-strapped company, which has been using an equity line of credit to finance its operations, then went out and raised £6.8m via a placing of new shares at 9p. Read more

The Keystone Press and the latest hoax bid story

There is no $2.2bn bid for Gulf Keystone Petroleum.

Repeat. Read more

Snap news

Breaking pre-market news on Thursday,

- Nationwide says July house prices rise 1.3 per cent in July — statementRead more