Gulf Keystone Petroleum Ltd (GKPL)

143.30p
   
  • Change Today:
      0.013p
  • 52 Week High: 145.40
  • 52 Week Low: 85.50
  • Currency: UK Pounds
  • Shares Issued: 978.14m
  • Volume: 67,917
  • Market Cap: £1,401.67m

Gulf Keystone reiterates guidance after hitting 40m barrels at Shaikan

By Iain Gilbert

Date: Monday 14 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Gulf Keystone Petroleum remains confident it can hit its target of producing 32,000 to 38,000 barrels of oil per day this year.
The company's northern Iraq operations in the Shaikan field of Kurdistan recently reached a major production milestone of 40m barrels of crude oil to date and was now producing an average of 36,671 barrels of oil per day over the first six months of 2017.

"Safe and reliable operations remains a strategic priority and we continue to be strongly encouraged by the stable performance of the Shaikan Field during 2017," said chief executive Jón Ferrier.

"I am also pleased to report that GKP recently achieved two years with no lost-time-incidents, a testament to the quality of our field operations," Ferrier continued, before confirming a gross payment of $15m had been authorised by the Kurdistan Regional Government for Shaikan crude exports in April.

As of 1200 BST, shares had dipped 2.08% to 94.37p.

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GKPL Market Data

Currency UK Pounds
Share Price 143.30p
Change Today 0.013p
% Change 0.92 %
52 Week High 145.40
52 Week Low 85.50
Volume 67,917
Shares Issued 978.14m
Market Cap £1,401.67m

Trades for 31-May-2024

Time Volume / Share Price
16:29 264 @ 143.30p
16:29 300 @ 143.00p
16:28 237 @ 143.00p
16:26 268 @ 142.90p
16:26 432 @ 142.90p

GKPL Key Personnel

CFO Ian Weatherdon
CEO Jon Harris

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