Company
Gulf Keystone Petroleum Limited
LON:GKP
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.
275 stories · page 2 of 3
GKP is likely to survive but can Xcite escape its debt-trap?
With borrowings in the order of US$174mln, a market valuation of less than US$9mln and no revenue; Xcite Energy has a problem that has no easy solution.
Gulf Keystone confirms overwhelming support of debtholders
The restructuring is on track to complete in Ocotber and, according to CEO Jón Ferrier, GKP will soon be in its "strongest position" in years.
Is the worst over for Gulf Keystone? A quiet optimism is building ahead of pivotal lenders’ vote
Votes on Thursday can clear a big hurdle in Gulf Keystone’s plan to alleviate $500mln of debt.
Archive
Proactive oil highlights: 88 Energy, Aminex, Hurricane, Rockhopper, Solo Oil and more...
The weekly round up of oil news from the world of Proactive.
Punters snap up Gulf Keystone's open offer
The US$25mln open offer was oversubcribed and paves the way for a US$500m financial restructuring
Is there any recovery hope for Xcite Energy?
The kernel of Xcite’s problem is US$135mln of senior secured debt
Archive
Proactive weekly oil highlights: 88 Energy, Aminex, Hurricane Energy and more...
Weekly round up of news headlines from the world of oil...
Does putting any more money into Gulf Keystone make sense?
Investors will be asking themselves whether they’ll be putting good money after bad if they pony up US$25mln sought by Gulf Keystone.
Archive
Proactive weekly oil and gas news summary, including Gulf Keystone Petroleum, Sound Energy and Range Resources
A look at the small cap oil and gas sector this week, where Gulf Keystone Petroleum featured heavily
London shares end lower but 90 points up in August
London shares ended Wednesday lower but finished the month around 90 points higher
Gulf Keystone shares rocket 300% after reserves statement
“This updated competent persons report, prepared as part of the company's restructuring, is highly positive as it reiterates our assumptions of last year about the quality of the Shaikan field, and reinforces its prominent position in the r
Footsie wilts under weight of miners and US data
The US ADP non-farm employment change figure failed to provide investors with much guidance
Gulf Keystone soars as reserve news eclipses open offer
Analysts divided over whether investing in open offer is worthwhile
Trending – Deutsche Bank, Carclo, Gulf Keystone Petroleum and more
A look at some of the big trending stories of the day
Risers and fallers: Mkango Resources and Brave Bison
A look at what shares are hot and what's not on Wednesday morning
Gulf Keystone Petroleum seeks fresh capital from shareholders
Existing shareholders could end up with 10% of Gulf Keystone (post restructuring) if all the open offer shares are sold.
FTSE 100 edges into positive territory despite mining woe
The Footsie lifted 7.1 points to 6827.89 in early trading, but the UK-focused FTSE 250 was in the red
Big on the bulletin boards: Including IOG, AEX, SRX, CNR, PVR, HUR, XEL, GKP
Below is Proactive’s coverage of the most followed bulletin board stocks, including: IOG AEX SRX CNR PVR HUR XEL GKP
Will Gulf Keystone’s new owners keep faith or sell out?
The US$500mln debt to equity swap is moving to completion, but, what will the owners do about DNO's takeover approach?
Trending: Electric news for the renewables industry
Old King Coal is not such a merry old soul, now renewables fuel sources have overtaken it as the second-most common source of fuel used by electricity providers
Gulf Keystone Petroleum’s debt-for-equity swap backed by most bondholders
In the wake of DNO's US$300mln takeover offer Gulf Keystone has told investors that 82% of bondholders have so far accepted the debt for equity proposal.
Proactive small cap wrap, including Gulf Keystone Petroleum, Braveheart Investments and Concepta
The Middle East-focused, Norwegian group DNO is proposing a cash and equity deal that would put long suffering investors out of their misery.
Archive
Proactive oil highlights: Centrica, Falcon, Green Dragon, Greka, Magnolia, Sound Energy and more...
A round up of the oil headlines from the world of Proactive.
Trending: Nuclear campaigners make their Hinkley point
Gulf Keystone cops an offer from Norway's DNO and Sierra Rutile mulls lowball Aussie approach.
Risers and fallers: Randgold Resources, Ferrum Crescent and C;uudbuy
On a day when the FTSE 100 shed 20 points, these were the main risers and fallers on the day
UK stocks end lower as textiles felt pinch of retail sales and easyJet grounded airlines
London shares closed lower on Thursday, driven south by textiles and fashion stocks who were the biggest casualty of weaker-than-forecast retail sales data, as well as low-flying airline stocks after easyJet shares fell
London stocks close firm as overseas takeovers excite
London shares closed near to their session highs on Monday, as overseas takeover trends excited investors
Investments and investor services
Tissue Regenix stands out as tendon technology shows movement in regulatory process
The market was encouraged by Tissue Regenix with the stock advancing 16% over the last five trading days.
Archive
Proactive oil highlights: Eland, Europa, Gulf Keystone, Mosman, Sound Energy, Trinity and more...
The weekly round up of oil sector news from the world of Proactive.
FTSE falls after UK rates hold surprise
London stocks succumbed to selling pressure and ended Thursday lower, after investors were spooked by the Bank of England’s decision not to cut interest rates
Footsie pares gains as Bank of England holds interest rates
The FTSE 100 Index fell back to stand 9.8 points ahead at 6680.23 but Ocado chatter provided interest
Investments and investor services
Risers & Fallers: Sepura, McColls Retail Group, Hays...
London's rising and falling stocks today at around 4.15pm
Gulf Keystone chairman quits after announcing US$500mln debt swap
Shares plummeted in early deals after it announced a proposal for a US$500mln debt-to-equity restructuring.
Investments and investor services
Footsie pares gains as Bank of England holds interest rates
The FTSE 100 Index fell back to stand 25.7 points ahead at 6696.1.
Gulf Keystone plummets on US$500mln debt swap
Current shareholders will end up with just 5% of the company, unless they back a US$25mln open offer.
Small cap highlights: Gulf Keystone, Circle Oil, Aqua Bounty and others
Gulf Keystone, Circle Oil, Aqua Bounty Technologies, Mobile Streams, Fevertree Drinks, Torotrak, and Union Jack Oil feature in the Proactive Investors small cap highlights.
Archive
Proactive oil highlights: 88 Energy, Falcon Oil & Gas, Gulf Keystone, Infrastrata, Rockhopper and more...
The weekly round up of oil industry news from Proactive.
Archive
Brokers: Thomas Cook shunned after warning
Brokers take the red pen to Thoms Cook, but are keener on Imperial and Dairy Crest
Proactive news highlights: Asiamet, Armadale Capital, Gulf Keystone, Plexus, Metal Tiger and more...
Brave Bison appoints new CEO, Highlands Natural Resources acquires more claims in Utah and Plexus opens up massive funding opportunity.
Gulf Keystone Petroleum tipped to survive
Whilst the Kurdistan-based oil producer has some US$575mln of bonds outstanding, and needs to raise US$71-88mln of new capital, Mirabaud analyst Richard Savage reckons the company can survive.
Seven oil stocks to watch as crude price nears US$50
Here, we take a look at some of London’s high profile oil stocks on most investor’s watch lists as the recovery in crude prices near US$50 per barrel.
FTSE 100 rallies, taking its lead from buoyant Wall Street
Taking its lead from Wall Street, the Footsie moved gently into positive territory
Risers & fallers: Gulf Keystone, Kefi MInerals, Baron Oil...
Major share price risers and fallers in London at 1.45pm
Gulf Keystone agrees debt standstill, looks to restructuring
The standstill agreement runs until 20 May, extendable until 31 May
Market gains silver lining as precious metals twinkle
Silver prices hit a 10-month high and gold stocks glittered
Small caps stocks in stasis
The Aim indices may be becalmed but the big movements are still to be found among the small caps
Most followed: Vodka, advocates and avocados
Avocados are all the rage, while rage may be the operative word in the Stock Spirits boardroom battle
Risers and fallers: Harvest Minerals, Norcon, Watchstone Group...
Image Scan's losses slashed. Cloudbuy rises on contract win. Kolar Gold's new broker raises fears of impending share issue.
UK shares ahead as Webis takes London podium
Top riser in London was gaming and tech holding group Webis.......
Trending: Even oil prices have a silver lining
Oil suffered disappointment at the failure of supply talks at the weekend in Doha, Qatar, but far from a bloodbath. Why? There was also good news upon which to focus
London shares recover after oil-stained session
The FTSE 100 Index closed 9.77 points higher at 6,353
Small caps recover from oil woe as drug M&A talk swirls
Small caps pare losses but Footsie drops nearly 20 points
Doha impasse sends oil shares tumbling
Iran avoided the need to walk out of the oil producers' meeting by not bothering to turn up in the first place
Risers and Fallers: Rosslyn Data Technologies, Action Hotels, Progility ..
Major share price risers and fallers in London at 4.00pm
What does the future hold for Gulf Keystone after week of trauma?
The days in which Gulf Keystone shares changed hands for pounds rather than pence have faded further into distant memory than ever – here we look at what happened in a traumatic week for the once mighty oiler.
Investments and investor services
Small cap highlights: Investors ride the Gulf Keystone rollercoaster
Any small cap round-up of this week must start with a trip on the rollercoaster that is Gulf Keystone Petroleum Limited
Investments and investor services
The week's gains in London trimmed
It was a drab end to a decent week, with the big winners on Aim including Scapa, Verseon, Next Fifteen, Boohoo.com and ASOS.
Oilers enjoy their day in the sun; INTU biffed by BRC report
The AIM All-Share remained in positive territory, though only just (it was up 0.09 points at 732.62).
Archive
UK shares don't move needle much: Weatherly International stands out
UK shares went higher on Thursday, but small caps were making slightly better ground than Footsie.
Small caps and FTSE 100 both hold steady
FTSE AIM All-share added 0.19% to 732.6, while FTSE100 was three points better at 6,367, another new high for the year.
Most followed: Gulf Keystone, BP, Entertainment One, Burberry
A selection of comments from the main stories on social media today
Gulf Keystone Petroleum needs US$71mln to maintain Shaikan output, shares collapse
Some US$71mln is needed to maintain production of 40,000 bopd at Shaikan, whereas it'll cost US$88mln to grow output - then there’s the matter of a US$575mln debt due next year.
Investments and investor services
Risers & Fallers: Alecto Minerals, Atalaya Mining, KEFI Minerals, Premaitha Health, Persimmon, Scapa
House builder Persimmon slides after griping about planning delays in an otherwise upbeat trading update
Risers & fallers: Churchill Mining, Halfords, Tower Resources ...
Main share price risers and fallers in London at 4.00pm
Archive
UK shares finish to the good as Ferrum Crescent Ltd surges
UK shares headed higher at the close after a topsy turvy day, with the FTSE100 stuck in neutral throughout the morning session.
Archive
Proactive news highlights: Breedon Aggregates, Ergomed, Mariana Resources ...
Strong order pipeline for Ergomed, Breedon Aggregates plans to address concerns and Mariana Resources withdraws from its Suriname gold project.
Aim stocks edge higher but REACT Energy tumbles on cash call fears
The Footsie was stuck in neutral all mornng but Aim shares were firmer on balance
Gulf Keystone set to avoid ‘worst case scenario’ after Kurdistan oil payment
GKP can now ‘comfortably’ make an upcoming interest payment without breaching debt terms, according to Mirabaud Securities, which says there’s now a ‘window of opportunity’ for the Kurdistan based producer to refinance its US$575mln debt.
Risers & fallers: Imaginatik PLC, Red Rock Resources PLC, Tengri Resources PLC, Orsu Metals Corp...
Main share price risers and fallers in London at 4pm
Gulf Keystone Petroleum: KRG pays US$15mln for Shaikan exports in March
GKP has US$69.5mln of cash as a result of the latest monthly payment from the Kurdistan Regional Government.
Investments and investor services
Takeover interest boosts London oil and food shares
Slovenia oil & gas group Ascent Resources soared on an approach from Cadogan Petroleum
Small caps heading higher as Footsie falls; Ascent Resources PLC takes podium
Small cap shares were beating Footsie at lunch with Ascent Resources PLC in keeping with the name, topping the London leader board.
Gulf Keystone Petroleum Ltd funding crisis marks a crossroads
Gulf Keystone’s future was cast into doubt as its results statement brought forward concerns over future bond repayments, and highlighted a more pressing need for capital investment at the Shaikan field.
Archive
Gulf Keystone Petroleum Ltd - where next for the remarkable shrinking share price?
This a companion piece that should be read in conjunction with Jamie Ashcroft's analysis of GKP.
Oil stocks in focus but small cap shares and FTSE100 head south
Oilers were in play on Thursday as Northcote Energy Ltd shares zoomed up over 10%....
Archive
Proactive news summary: Gulf Keystone Petroleum Ltd,Corero Network Security, Leni Gas Cuba and more
Gulf Keystone Petroleum received US$7.5 mln gross from the Kurdistan Regional Government for Shaikan crude oil exports in February.
Archive
Jubilee issues taking toll on Tullow Oil plc
Jefferies took the red pen to oiler Tullow today, slashing it to 'underperform' from 'hold'.
Archive
The Footsie fades but small caps hold strong
After the bell, J. Sainsbury confirmed it would be pulling the trigger on its bid for Argos-owner Home Retail group.
Herencia Resources among the gainers as small caps head higher
FTSE AIM 100 gained 0.55% to 3,321 and FTSE AIM All share gained 0.35% to 707.700....
Risers & fallers: Sports Direct PLC, Infrastrata PLC, Hellenic Carriers PLC ...
Main share price risers and fallers in London at 2.00pm
Genel Energy a highlight as stocks advance
A proposed buy-back of bonds and a revised reserves estimate has done wonders for Genel's share price, but airing of dirty laundry has hit Fastjet
Archive
FTSE100 closes higher but junior market lags
FTSE100 managed to close in positive territory on Thursday but it was a different story for the junior market....
Stocks remain in doldrums as BoE stands pat
The Bank of England kept interest rates unchanged for the 84th month in a row.
Most followed: Donald Trump, Gulf Keystone Ltd, GlaxoSmithKline, Rio Tinto, Sirius Minerals, Tesco
Tesco managers told to be nicer, Donald Trump a 'global risk' and FTSE 100 casualties.
Gulf Keystone Petroleum Limited says near-term finance deal unlikely
Kurdistan-focused firm posted post-tax losses of US$135mln despite narrowing from US$248.2mln a year ago
Risers & Fallers: Imagination Technologies PLC, Cello Group PLC, Wandisco PLC...
Major share price risers and fallers in London at 4pm
Thursday's agenda: Sirius Minerals PLC's DFS expected to confirm 'world class' project
Attention will be focused at 7.00am on the release of the definitive feasibility study for Sirius Minerals PLC's potash project in North Yorkshire.
Week Ahead: Brexit dilemma for Osborne
Chancellor of the Exchequer George Osborne gives his budget speech on Wednesday
Oil & Gas highlights Falcon, Providence, Petroceltic, Gulf Keystone, UK Oil & Gas, Sound Energy, USOP, Andes Energia, Magnolia Petroleum, Northcote Energy
Falcon Oil & Gas is at the advanced stage of preparing for a new drill programme in Australia.