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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
|
|
|---|---|---|---|---|
| 1.70 | 1.20% | 143.80 | 08:52:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 142.60 | 142.60 | 144.30 | 142.10 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 20/11/2024 10:08 by beernut1 Lse being pulled Down by the usual slating crew.Sad to see as there’s some good guys ( investors there).. |
Posted at 18/11/2024 11:24 by beernut1 KRG delegation to attend major economic forum in Russia next weekThe KRG delegation will spend four days in Russia, during which they will participate in several important meetings. "We aim to return with concrete achievements," Bargasht Akrayi, spokesperson for the Kurdistan Board of Investment, emphasized. 43 minutes ago The flags of Kurdistan (R) and Russia (L). (Photo: Kurdistan24)The flags of Kurdistan (R) and Russia (L). (Photo: Kurdistan24) Kurdistan Kurdistan Board of Investment Mohammed Shukri St. Petersburg International Economic Forum Russia-KRG Relations Bargasht Akrayi Economic Diversification Nov. 18, 2024 ERBIL (Kurdistan24) - A Kurdistan Regional Government (KRG) delegation will visit Russia next week to participate in the St. Petersburg International Economic Forum, Investment Board spokesperson Bergasht Akrayi told Kurdistan24 on Monday. Dr. Mohammed Shukri, Chairman of the Kurdistan Board of Investment, will lead the delegation, which includes 15 to 20 investors and businesspeople from various cities across the Kurdistan Region, following an official invitation to participate in the economic event. "The Kurdistan Region has received an official invitation to participate in this economic activity," Akrayi said, adding that the delegation's primary objective is to "attract and increase Russian investment in the Kurdistan Region, while also seeking to sign agreements and memoranda of understanding with foreign investors." The KRG delegation will spend four days in Russia, during which they will participate in several important meetings. "We aim to return with concrete achievements," Akrayi emphasized. The Kurdistan Region has been actively working to diversify its international economic partnerships and attract foreign investment across various sectors. This visit to Russia represents a significant step in expanding economic ties between the Kurdistan Region and Russia, particularly important given Russia's significant presence in the energy sector and other industries. The St. Petersburg International Economic Forum is one of Russia's premier business events, attracting international investors and business leaders from around the world. |
Posted at 14/11/2024 19:47 by beernut1 Normally states Basra etc etc but no mention of area. GlaIraqi PM emphasizes cooperation with major oil companies Iraq Shell Oil Companies Prime Minister Mohammed Shia Al-Sudani Iraqi PM emphasizes cooperation with major oil companies 2024-11-14 10:49 Font Shafaq News/ On Thursday, Prime Minister Mohammed Shia Al-Sudani met with Peter Costello, Executive Vice President of Shell’s Upstream sector, along with the company’s directors in Iraq and the UAE, expressing Baghdad's keen interest in collaborating with major global oil companies and attracting investments, particularly in the gas and clean energy sectors. According to Al-Sudani’s media office, “The meeting focused on exploring avenues of cooperation with Shell in the energy sector, the progress of its major extraction projects in Iraq, and the investment opportunities the global company can contribute to, particularly in developing the oil, gas, and clean energy sectors, as well as in carbon emissions reduction projects.” “Discussions also included Shell’s potential involvement in integrated energy projects, enhancing Iraq’s oil resources, producing gas and condensates, and adhering to global environmental standards.” Al-Sudani expressed the government’s interest in collaborating with major international oil companies, emphasizing “attracting investments in the energy sector, especially in gas and clean energy development. He affirmed that Iraq is committed to providing support for investors interested in advancing these sectors, in line with the goals of the government’s program to modernize infrastructure in economic sectors.” Furthermore, the Prime Minister instructed the Ministry of Oil to maintain continuous communication with Shell to “advance projects that benefit Iraq, support economic development, and enhance government efforts to expand revenue in the oil sector.” |
Posted at 14/11/2024 19:42 by beernut1 Al-Sudani Meets Executive Vice President of Shellpolitics Today, 13:55 +A -A INA- Baghdad Media Office of the Prime Minister said in a statement obtained by the Iraqi News Agency INA that Prime Minister Mohammed S. Al-Sudani met today with Mr. Peter Costello, Executive Vice President of Shell’s Upstream sector, along with the company’s directors in Iraq and the UAE. The statement read “The meeting focused on exploring avenues of cooperation with Shell in the energy sector, the progress of its major extraction projects in Iraq, and the investment opportunities the global company can contribute to, particularly in developing the oil, gas, and clean energy sectors, as well as in carbon emissions reduction projects. Discussions also included Shell’s potential involvement in integrated energy projects, enhancing Iraq’s oil resources, producing gas and condensates, and adhering to global environmental standards.” It further said “Prime Minister Al-Sudani expressed the government’s interest in collaborating with major international oil companies and emphasized attracting investments in the energy sector, especially in gas and clean energy development. He affirmed that Iraq is committed to providing support for investors interested in advancing these sectors, in line with the goals of the government’s program to modernize infrastructure in economic sectors.” The statement also added that the Prime Minister directed ongoing communication between the Ministry of Oil and Shell to achieve projects that benefit Iraq, align with economic development needs, and advance the government’s approach to expanding revenue within the oil sector. |
Posted at 14/11/2024 11:26 by beernut1 Iraqi PM emphasizes cooperation with major oil companiesIraq Shell Oil Companies Prime Minister Mohammed Shia Al-Sudani Iraqi PM emphasizes cooperation with major oil companies 2024-11-14 10:49 Font Shafaq News/ On Thursday, Prime Minister Mohammed Shia Al-Sudani met with Peter Costello, Executive Vice President of Shell’s Upstream sector, along with the company’s directors in Iraq and the UAE, expressing Baghdad's keen interest in collaborating with major global oil companies and attracting investments, particularly in the gas and clean energy sectors. According to Al-Sudani’s media office, “The meeting focused on exploring avenues of cooperation with Shell in the energy sector, the progress of its major extraction projects in Iraq, and the investment opportunities the global company can contribute to, particularly in developing the oil, gas, and clean energy sectors, as well as in carbon emissions reduction projects.” “Discussions also included Shell’s potential involvement in integrated energy projects, enhancing Iraq’s oil resources, producing gas and condensates, and adhering to global environmental standards.” Al-Sudani expressed the government’s interest in collaborating with major international oil companies, emphasizing “attracting investments in the energy sector, especially in gas and clean energy development. He affirmed that Iraq is committed to providing support for investors interested in advancing these sectors, in line with the goals of the government’s program to modernize infrastructure in economic sectors.” Furthermore, the Prime Minister instructed the Ministry of Oil to maintain continuous communication with Shell to “advance projects that benefit Iraq, support economic development, and enhance government efforts to expand revenue in the oil sector.” |
Posted at 07/11/2024 12:18 by peking ducks peking ducks7 Nov '24 - 11:43 - 713324 of 713329 Edit0 1 0 They bought 5,700,000 at 139.80.............. peking ducks7 Nov '24 - 11:50 - 713325 of 713329 Edit 0 2 0 MAR 2.1.5 See Noteshandbook-guidan Stabilisation transactions mainly have the effect of providing support for the price of an offering of relevant securities during a limited time period if they come under selling pressure, thus alleviating sales pressure generated by short term investors and maintaining an orderly market in the relevant securities. This is in the interest of those investors having subscribed or purchased those relevant securities in the context of a significant distribution, and of issuers. In this way, stabilisation can contribute to greater confidence of investors and issuers in the financial markets. [Note: Recital 11 of the Buy-back and Stabilisation Regulation] 01/07/2005 |
Posted at 07/11/2024 11:50 by peking ducks MAR 2.1.5See Noteshandbook-guidan Stabilisation transactions mainly have the effect of providing support for the price of an offering of relevant securities during a limited time period if they come under selling pressure, thus alleviating sales pressure generated by short term investors and maintaining an orderly market in the relevant securities. This is in the interest of those investors having subscribed or purchased those relevant securities in the context of a significant distribution, and of issuers. In this way, stabilisation can contribute to greater confidence of investors and issuers in the financial markets. [Note: Recital 11 of the Buy-back and Stabilisation Regulation] 01/07/2005 |
Posted at 29/8/2024 06:03 by habshan RNS.2024 Half Year Results Announcement. Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today announces its results for the half year ended 30 June 2024. Jon Harris, Gulf Keystone’s Chief Executive Officer, said: “We have safely delivered a solid operational and financial performance in the first half of 2024, with robust local sales combined with sustained capital and cost discipline supporting our return to profitability and free cash flow generation in the period. Cash flow has enabled us to strengthen our balance sheet and restart shareholder distributions, with $25 million returned to shareholders in 2024 to date. Looking ahead, we continue to engage with government stakeholders to push for an exports restart solution, with significant potential value to be unlocked for Kurdistan, Iraq and the Company. In the interim, we remain focused on maximising shareholder value from local sales. To capitalise on continued strong demand, we are pursuing incremental opportunities to optimise production and improve process safety and reliability. We also continue to review the Company’s capacity for additional dividends or buybacks to build on our track record of shareholder returns.” Highlights to 30 June 2024 and post reporting period. Operational. Continued strong safety track record, with no Lost Time Incidents for over 590 days Gross average production increased 69% to 39,252 bopd in H1 2024 (H1 2023: 23,256 bopd), reflecting robust local market demand for Shaikan Field crude Gross average production of c.41,400 bopd in 2024 year to date Local market demand rebounded in February and has remained high Strong gross average production in July of c.47,900 bopd and in August to date of c.48,200 bopd Realised prices have fluctuated between $25/bbl - $28/bbl and are currently at c.$27/bbl Shaikan Field reservoir and operations have continued to perform well following the smooth ramp up of production at the beginning of 2024 and the subsequent transition to 24/7 truck loading No operational impact from regional tensions; we continue to closely monitor the security environment and take precautions to protect the organisation. Financial. Successful return to profitability and free cash flow generation in H1 2024 following a challenging 2023, driven by pre-paid local sales and capital and cost discipline Adjusted EBITDA increased 6% to $36.4 million (H1 2023: $34.2 million) as higher production and cost reductions offset the decline in realised prices related to the transition from exports to discounted local sales. Revenue decreased 11% to $71.2 million (H1 2023: $79.6m) as the increase in H1 2024 production was more than offset by the 49% decline in average realised price to $26.3/bbl (H1 2023: $51.3/bbl) Gross operating costs per barrel decreased 25% to $4.2/bbl (H1 2023: $5.6/bbl), reflecting higher production and cost control. Net capital expenditure of $7.8 million (H1 2023: $47.0 million) reflecting the Company’s focused 2024 work programme of safety critical upgrades and production optimisation expenditures Monthly average net capex, operating costs and other G&A in H1 2024 of $6.2 million, in line with guidance. Free cash flow generation of $26.6 million (H1 2023 free cash outflow: $9.9 million) enabled the Company to strengthen its balance sheet and restart shareholder distributions $25 million returned to shareholders in 2024 year to date, comprising a $10 million share buyback (initiated in May and completed in July) and $15 million interim dividend (paid in July) Cash balance of $102.3 million as at 30 June 2024 (31 December 2023: $81.7 million); latest balance as at 28 August 2024 of $98.2 million. Outlook. GKP remains focused on maximising shareholder value from local sales and unlocking significant potential additional value from the restart of Kurdistan exports. Local sales and production. The Company sees continued robust local sales demand in the near term while longer term market dynamics remain uncertain The Shaikan Field is producing close to its maximum capacity reflecting prudent reservoir management in the current investment constrained environment Planned safety-critical upgrades and maintenance are scheduled for November 2024, requiring the shutdown of PF-1 for c.3 weeks with an expected gross production impact of c.26,000 bopd, as previously announced The Company continues to exercise capital and cost discipline to maximise free cash flow while maintaining production capacity to respond to local market demand and the restart of exports. Average monthly aggregate net capex, operating costs and other G&A run rate in 2024 now expected to be c.$7 million Reflects incremental expenditures on production optimisation, process safety & reliability and associated resources to capitalise on continued local sales demand following the strong performance year to date Net capex and operating costs expected to be weighted to H2 2024, as safety critical upgrades are completed as part of the planned PF-1 shutdown; estimated 2024 net capex remains c.$20 million. Shareholder distributions. GKP remains committed to returning excess cash to shareholders via dividends or share buybacks, subject to conserving sufficient liquidity to manage the current operating environment and ensuring the Company is able to transition successfully from local sales to the restart of Kurdistan exports and normalisation of Kurdistan Regional Government (“KRG”) payments. Kurdistan exports. GKP continues to engage with government stakeholders regarding a pipeline exports restart solution with the objective of unlocking significant potential value for shareholders GKP remains ready to restart exports, contingent upon reaching agreements on payment surety for future oil exports, the repayment of outstanding exports sales receivables (of which GKP is owed over $150 million net) 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 (BST) today via live audio webcast: Management will also be hosting an additional webcast presentation focused on retail investors via the Investor Meet Company ("IMC") platform at 12:00pm (BST) today. The presentation is open to all existing and potential shareholders and participants will be able to submit questions at any time during the event. Recordings of both presentations will be made available on GKP’s website. |
Posted at 01/8/2024 07:01 by hydrocarbon1 "in addition, management will also be hosting a webcast presentation focused on retail investors via the Investor Meet Company ("IMC") platform at 12:00pm (BST)."Yes the company is sold -TBA imminently so we better find new investors a month from now😂 |
Posted at 01/8/2024 06:36 by habshan RNS.Notice of 2024 Half Year Results and Investor Presentations. Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, confirms it will be announcing its results for the half year ended 30 June 2024 on Thursday 29 August 2024. GKP’s management team will be hosting a presentation for analysts and investors at 10:00am (BST) via live audio webcast: In addition, management will also be hosting a webcast presentation focused on retail investors via the Investor Meet Company ("IMC") platform at 12:00pm (BST). The presentation is open to all existing and potential shareholders. Questions can be submitted prior to the event via the IMC platform up until 9:00am (BST) the day before the meeting, or at any time during the live presentation. Investors can sign up to IMC for free using the following link: Recordings of both presentations will be made available on GKP’s website. |
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