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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gulf Keystone Petroleum Ltd | GKP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.80 | -0.50% | 158.80 | 16:29:58 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 159.60 | 158.00 | 164.60 | 158.80 | 159.60 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 30/01/2023 | Interim | GBP | 0.09577 | 16/02/2023 | 17/02/2023 | 03/03/2023 |
| 01/09/2022 | Interim | GBP | 0.10727 | 22/09/2022 | 23/09/2022 | 07/10/2022 |
| 25/05/2022 | Special | GBP | 0.1954 | 14/07/2022 | 15/07/2022 | 29/07/2022 |
| 30/03/2022 | Final | GBP | 0.09574 | 30/06/2022 | 01/07/2022 | 15/07/2022 |
| 30/03/2022 | Interim | GBP | 0.23778 | 28/04/2022 | 29/04/2022 | 13/05/2022 |
| 24/01/2022 | Interim | GBP | 0.17204 | 10/02/2022 | 11/02/2022 | 25/02/2022 |
| 02/09/2021 | Interim | GBP | 0.17093 | 23/09/2021 | 24/09/2021 | 08/10/2021 |
| 13/05/2021 | Special | GBP | 0.08377 | 29/07/2021 | 30/07/2021 | 06/08/2021 |
| 31/03/2021 | Final | GBP | 0.08373 | 24/06/2021 | 25/06/2021 | 02/07/2021 |
| Top Posts |
|---|
Posted at 08/6/2025 14:11 by bang_gone #gkp #gkptakeoverFew trivia questions to pass time whilst we wait for @Gulf_Keystone to stop taking the mickey and announce sale.1,After 4.5 years of having a CCO in place, why has the posn now been left empty for 1 year ?HTTPS://x.com/Goodn |
Posted at 08/6/2025 14:10 by bang_gone #gkp #gkptakeoverTrivia 2?Why was it necessary for @Gulf_Keystone to go to great trouble + legal expense to propose a resn AGM '24 that defers + extends foot soldiers option scheme over 3 years post any sale announcement rather than immediate settlement already in place?HTTPS://x.com/ |
Posted at 08/6/2025 12:54 by theendgame #gkp #gkptakeoverTrivia 2? Why was it necessary for @Gulf_Keystone to go to great trouble + legal expense to propose a resn AGM '24 that defers + extends foot soldiers option scheme over 3 years post any sale announcement rather than immediate settlement already in place? . Replying to @GoodnightCharl1 #gkp #gkptakeover Because premium at sale HUGE Hence Kurdistan foot soldiers would have on local terms won lottery if options payout remained immediate. Hence buyers insisted on deferral ROUTE so they don't lose most of their staff immediately sale announced 👍😎 |
Posted at 08/6/2025 12:53 by theendgame #gkp #gkptakeoverFew trivia questions to pass time whilst we wait for @Gulf_Keystone to stop taking the mickey and announce sale. 1,After 4.5 years of having a CCO in place, why has the posn now been left empty for 1 year ? #gkp #gkptakeover Because the CCO role was to market, and negotiate the sale... It's been sold TBA for over a year ? |
Posted at 24/5/2025 09:33 by beernut1 Old article but could see this again soonExxon woos GKP to gain Kurdish base Mark Leftly Sunday 18 December 2011 01:00 GMT Comments Sign up to our free breaking news emails Email* SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice US oil supermajor Exxon Mobil is understood to have sounded out London-listed Gulf Keystone Petroleum (GKP) over a possible deal that could value the Kurdistan-focused group at around £7bn. GKP has a market capitalisation of around £1.5bn and is listed on the junior Aim market, but its chief executive, Todd Kozel, believes the group could eventually go for double-figure billions. GKP is sitting on what is considered to be one of the world's great recent oil finds – Shaikan, about 50 miles north-west of Kurdistan's capital, Erbil – but the regional government is known to want a supermajor on board to properly fund and develop the field. It is thought that the board would not accept the estimated £8-a-share that Exxon is considering and that a number of other companies, perhaps including China's Sinopec and Californian giant Chevron, are monitoring the situation. There is even some speculation that an informal four-way auction for GKP might be under way, while it is also believed that the company has spoken to at least two smaller businesses about potentially developing its assets in a joint venture. Last month, it emerged that Exxon was the first of the oil industry's giants to enter Kurdistan, taking six licences. However, this has angered the government in Baghdad because there are old territorial disputes between Iraq and Kurdistan. Baghdad had threatened to terminate Exxon's existing deal in southern Iraq and it had been reported that the US giant might reconsider its licences in Kurdistan. However, the lucrative potential of the Kurdistan fields means that analysts expect Exxon will pursue opportunities in the semi-autonomous region and may already have taken additional positions to those licences previously revealed. There are suggestions that Exxon's interest in GKP was discussed at a board meeting 10 days ago and that initial soundings may have been taken at least six weeks ago. Last month, much of the oil world descended on Erbil for a conference that highlighted the extraordinary oil opportunities in Kurdistan, with Mr Kozel one of the key speakers. Promoted stories by TaboolaSponsored Links It is believed that Mr Kozel would be happy to sell up soon and has even started mulling over his next venture. The American businessman is one of the most colourful figures in the City and has a base of devoted retail investors who are waiting for a takeover of GKP to make them rich. GKP declined to comment. Exxon did not return calls. |
Posted at 12/5/2025 14:51 by bang_gone #gkp #gkptakeover @Gulf_Keystone "Given GKP's weak share price, which the Board believes trades at a significant discount to the intrinsic value of the Shaikan Field"You not kidding?Go on entertain us all , launch another "fantasy share buyback program "HTTPS://x.com/111no |
Posted at 12/5/2025 14:12 by theendgame #gkp #gkptakeover @Gulf_Keystone "Given GKP's weak share price, which the Board believes trades at a significant discount to the intrinsic value of the Shaikan Field"You not kidding?Go on entertain us all , launch another "fantasy share buyback program " |
Posted at 07/5/2025 08:10 by worldquant #gkp #gkptakeover @Gulf_Keystone "Given GKP's weak share price, which the Board believes trades at a significant discount to the intrinsic value of the Shaikan Field"You not kidding?Go on entertain us all , launch another "fantasy share buyback program "?https://x.com/111n |
Posted at 25/4/2025 16:22 by bertrambee1 On penny stocks top ten todayGulf Keystone Petroleum (LSE:GKP)Simply Wall St Financial Health Rating: ??????Overview: Gulf Keystone Petroleum Limited is involved in the exploration, development, and production of oil and gas in the Kurdistan Region of Iraq, with a market cap of £342.28 million.Operations: The company's revenue is derived entirely from the exploration and production of oil and gas, amounting to $151.21 million.Market Cap: £342.28MGulf Keystone Petroleum, with a market cap of £342.28 million, has transitioned to profitability recently, complicating comparisons with its historical earnings growth. The company is debt-free, enhancing its financial position and stability. Its short-term assets exceed both short-term and long-term liabilities, indicating strong liquidity. Despite a low return on equity of 1.4%, Gulf Keystone announced a $25 million interim dividend under its shareholder distribution framework and confirmed production guidance for 2025 at 40,000-45,000 barrels per day. However, the dividend yield of 10.95% isn't well covered by earnings, warranting caution for income-seeking investors. |
Posted at 02/4/2025 08:52 by 1waving 2024 Full Year Results Announcement20th March 2025 $25 million interim dividend declared & 2025 guidance reiterated Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today announces its results for the full year ended 31 December 2024. Jon Harris, Gulf Keystone’s Chief Executive Officer, said: “2024 was a year of strong operational and financial delivery for Gulf Keystone. We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 bopd, strong local sales demand and a disciplined expenditure programme supporting continued free cash flow generation. As a result, we are pleased to announce today the declaration of a $25 million interim dividend as we reiterate our 2025 operational and financial guidance. We remain focused on facilitating a solution to restart oil exports as we continue to seek fair and transparent agreements regarding payment surety, the repayment of receivables and the preservation of current contract economics.” Highlights to 31 December 2024 and post reporting period Operational Zero Lost Time or Recordable incidents in 2024, well below the relevant Kurdistan and international peer benchmarks, with safety track record extended to over 790 LTI-free days as at 18 March 2025 2024 gross average production of 40,689 bopd, an 86% increase versus the prior year (2023: 21,891 bopd) Reflects a full year of local sales in 2024 following the impact of the suspension of pipeline exports in March 2023 Despite temporary disruptions to truck availability during regional holidays and elections and the impact of the planned PF-1 shutdown in November 2024, strong local market demand from Q2 2024 onwards enabled the return to production at full capacity in several months Average realised price for 2024 sales of $26.8/bbl, with prices stabilising in a range of c.$27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bopd: Continued strong local market demand, with realised prices averaging between $27-$29/bbl Shaikan Field estimated reserves The Company estimates gross 2P reserves of 443 MMstb as at 31 December 2024, reflecting the Company’s year end 2023 internal estimate of 458 MMstb reduced by gross production of 15 MMstb in 2024 Financial Strong financial performance, with a full year of robust local sales combined with capital and cost discipline underpinning a return to free cash flow generation and the restart of shareholder distributions Adjusted EBITDA increased 52% to $76.1 million in 2024 (2023: $50.1 million) as higher production more than offset the decline in realised prices related to the transition from exports to discounted local sales Revenue increased 22% to $151.2 million (2023: $123.5m) as the increase in 2024 volumes more than offset the 34% decline in average realised price to $26.8/bbl (2023: $40.9/bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl (2023: $5.6/bbl), primarily reflecting higher production and a continued focus on efficient operations Net capital expenditure of $18.3 million (2023: $58.2 million), reflecting the Company’s disciplined work programme comprised of safety critical upgrades at PF-1 and production optimisation expenditures 2024 monthly average net capital expenditure, operating costs and other G&A of $6.8 million, below the Company’s guidance of c.$7 million Free cash flow generation of $65.4 million, relative to a $13.1 million outflow in 2023, funding the restart of shareholder distributions and preservation of a robust, debt-free balance sheet: $45 million of shareholder distributions in 2024 consisting of $35 million of dividends and $10 million of share purchases completed under the buyback programme launched in May 2024 2024 year-end cash balance of $102 million (31 December 2023: $82 million) Cash balance as at 19 March 2025 of $115 million Outlook 2025 operational and financial guidance reiterated: Gross average production of 40,000 – 45,000 bopd: Subject to local market demand remaining at current strong levels Continues to reflect assumptions regarding the planned PF-2 shut-in, truck availability during regional holidays and field declines Should there be any significant unforeseen disruptions to demand or the restart of pipeline exports, the Company will update its production expectations as appropriate Net capital expenditure of $25-$30 million: c.$20 million: Safety and maintenance upgrades at PF-2, scheduled for Q4 2025 and expected to require the shut-in of the facility for c.3 weeks, similar to PF-1 in 2024 $5-$10 million: Production optimisation programme consisting of low cost, quick payback well interventions Continue to explore range of additional plant initiatives to enhance production, including water handling, with planned reviews later in 2025 based on the Company’s liquidity position and operating environment Operating costs of $50-$55 million and other G&A expenses below $10 million $25 million interim dividend announced today, the first semi-annual dividend to be paid under the shareholder distributions framework announced on 8 October 2024 The dividend will be paid on 23 April 2025, based on a record date of 4 April 2025 and ex-dividend date of 3 April 2025 USD and GBP rate per share to be announced ahead of the payment date based on the Company’s latest total issued share capital The recent share buyback programme of up to $10 million, expiring 20 March 2025, has not been renewed in light of the interim dividend declaration and the strength of the Company’s share price Share buybacks will continue to be considered opportunistically by the Board The Company continues to proactively engage with government stakeholders regarding a solution to enable the restart of Kurdistan crude exports through the Iraq-Türkiye Pipeline: Several recent meetings held with the Kurdistan Regional Government and Federal Government of Iraq The Company remains ready to resume oil exports provided we have agreements on payment surety for future oil exports, the repayment of outstanding receivables and the preservation of current contract economics Investor & analyst presentations GKP’s management team will be hosting a presentation for analysts and investors at 10:00am (GMT) today via live audio webcast: . |
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