Gulf Keystone Petroleum Ltd Com Shs
GKP · Main Market · Energy · mcap £422m · 197.6p
Gulf Keystone operates the Shaikan Field in Kurdistan, Iraq, and sells the crude it produces. Its revenue depends on oil prices, on export routes through the Iraq-Turkey pipeline and on payments from the Kurdistan government.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 23 Sep 26 | Interim Dividend Exchange Rate
Interim dividend of $0.046 per share to be paid 28 September 2026 with varying currency options by shareholder type. |
+2.5% | |
| 15 Sep 26 | Gulf Keystone Petroleum presenting at energy conference in Oslo
CEO presenting at energy conference; Shaikan Field production at c.45,500 bopd following August restart. |
+0.3% | |
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Shaikan Field gross average production c.45,500 bopd
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| 10 Sep 26 | GKP shares trade ex-dividend today
Interim dividend of $0.046 per share approved and trading ex-dividend today. |
−3.0% | |
| 25 Aug 26 | Results | 2026 Half Year Results Announcement
H1 2026 production hit by regional security shut-ins; maintained dividends and debt-free balance sheet. |
+6.4% |
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Gross average production H1 2026 14,600 bopd (44,100 bopd)Revenue (entitlement invoices) $82.8 million ($83.1 million)Adjusted EBITDA $51.7 million ($41.1 million)Operating costs $20.2 million ($26.9 million)Cash position $63.5 millionSemi-annual dividend declared $10 million
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| 25 Aug 26 | Interim dividend information
Gulf Keystone declared a $10 million interim dividend of $0.046 per Common Share. |
+6.4% | |
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Interim dividend $10 millionDistribution per share $0.046
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| 18 Aug 26 | Notice of 2026 Half Year Results
Gulf Keystone to announce half year results for period ended 30 June 2026 on 25 August 2026. |
+1.2% | |
| 20 Jul 26 | Update on Shaikan Field operations
Gulf Keystone temporarily shut-in Shaikan Field production due to regional security concerns as a safety precaution. |
−6.8% | |
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Latest gross production from Shaikan Field above 45,000 bopd
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| 13 Jul 26 | Update on Shaikan Field operations
Shaikan Field production restarted and ramped to over 43,000 bopd; well activities underway to bring incremental production online. |
+2.0% | |
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Gross volumes over 43,000 bopd
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| 19 Jun 26 | 2026 AGM Operational & Corporate Update
Shaikan Field offline due to security; cash burn cut 50%; $66 million cash held; dividend paid. |
+2.2% | |
|
Dividend paid $12.5 millionCash on hand $66 millionMonthly cash burn reduction ~50%
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| 22 Apr 26 | Interim Dividend Exchange Rate
Interim dividend of $12.5 million payable on 27 April 2026 at $0.0575 per share with currency conversion details for different exchanges. |
+3.9% | |
| 09 Apr 26 | GKP shares trade ex-dividend today
Interim dividend of $0.0575 per share approved and shares trade ex-dividend today. |
−2.4% | |
| 08 Apr 26 | Long Term Incentive Plan (“LTIP”) Award
LTIP awards granted to executives and staff, vesting in April 2029 subject to TSR performance conditions. |
−0.5% | |
| 02 Apr 26 | Report on Payments to Governments for 2025
Gulf Keystone reports 2025 payments to governments totalling $250.1m, comprising production entitlements, royalties and licence fees. |
+0.2% | |
| 02 Apr 26 | Implementation of cross border transfers between the LSE and Euronext Growth Oslo
Cross border transfers activated between LSE and Euronext Growth Oslo listings; Depositary Interests replaced with CREST CDIs. |
+0.2% | |
| 02 Apr 26 | Publication of 2025 Annual Report and Accounts & Sustainability Report
Gulf Keystone published its 2025 Annual Report and Accounts with integrated Sustainability Report. |
+0.2% | |
| 01 Apr 26 | Director dealing | Director / PDMR Shareholdings and issue of awards under the Deferred Bonus Plan ('DBP')
CEO and CFO exercised vested share options and deferred bonus awards; new DBP awards issued to executives. |
−4.9% |
| 24 Mar 26 | Director dealing | Director/PDMR Shareholding
Director and PDMR shareholding transactions: sales and purchases on London Stock Exchange. |
+0.0% |
| 19 Mar 26 | Results | 2025 Full Year Results Announcement
2025 revenue rose 28% to $193.1m on higher prices and pipeline restart; interim dividend declared at $12.5m. |
+8.4% |
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Gross average production 41,560 bopd (40,745 bopd)Revenue $193.1m ($150.8m)Adjusted EBITDA $111.4m ($76.4m)Free cash flow $29.1mDividends paid in 2025 $50mInterim dividend declared $12.5m
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| 19 Mar 26 | Interim dividend information
Gulf Keystone declared $12.5 million interim dividend of $0.0575 per share, payable 27 April 2026. |
+8.4% | |
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Interim dividend $12.5 millionDistribution per share $0.0575
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| 17 Mar 26 | Notice of 2025 Full Year Results
Gulf Keystone to announce 2025 full year results on 19 March 2026 with analyst presentation. |
+0.7% | |
| 02 Mar 26 | Update on Shaikan Field operations
Gulf Keystone temporarily shut-in Shaikan Field production due to regional security concerns. |
−6.4% | |
| 18 Feb 26 | First day of trading on Euronext Growth Oslo
Gulf Keystone begins trading on Euronext Growth Oslo following retail share offering and listing approval. |
+1.7% | |
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Gross proceeds from retail offering NOK equivalent of EUR 1 millionRetail investors in offering circa 700
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| 17 Feb 26 | Publication of Information Document
Gulf Keystone Petroleum published an information document ahead of admission to trading on Euronext Growth Oslo. |
−0.2% | |
| 16 Feb 26 | Registration of new share capital and total voting rights
Company completes retail share offering of 538,087 shares raising EUR 1 million gross proceeds. |
+3.7% | |
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New shares issued 538,087Gross proceeds EUR 1 million (NOK equivalent)Underwriting commission shares 25,624Total issued share capital 217,543,373 sharesTotal voting rights 217,543,373
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| 13 Feb 26 | Fundraise | Retail offering successfully completed and update on Euronext Growth Oslo listing
Retail offering of 512,463 shares at NOK 22.10 completed, raising NOK 11.3m and attracting 700 new shareholders. |
+1.3% |
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Offer Shares placed 512,463Price per share NOK 22.10Capital raised NOK 11.3 million (GBP 0.87 million)New shareholders approximately 700
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| 04 Feb 26 | Fundraise | Intention to complete listing on Euronext Growth Oslo and fully underwritten retail offer
Intention to dual-list on Euronext Growth Oslo with fully underwritten retail offer of up to EUR 1 million equivalent. |
+1.5% |
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Retail offer size EUR 1 million (approximately GBP 0.87 million)Offer discount to LSEVWAP 10%Current market capitalization around GBP 400 million
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| 22 Jan 26 | Operational & Corporate Update
Gulf Keystone reported 41,560 bopd production in 2025, paid $50m dividends, and guides 37,000-41,000 bopd for 2026. |
−7.3% | |
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Gross average production 2025 41,560 bopdCrude sales collected 2025 $122 millionDividend payments 2025 $50 millionNet capex 2025 $34 millionOperating costs 2025 $53 million2026 production guidance 37,000-41,000 bopd
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| 10 Dec 25 | Operational & Corporate Update
Shaikan pipeline exports resumed September 2025; first payment received November. On track for 2025 guidance of 40,000-42,000 bopd. |
−2.7% | |
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2025 production guidance 40,000-42,000 bopdDividends distributed $50 millionCash balance $75 million (9 December 2025)
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| 17 Nov 25 | First lifting of IOC pipeline exports
First successful lifting of Kurdistan crude via IOC pipeline completed in September-October 2025. |
+3.9% | |
| 29 Sep 25 | Restart of Shaikan Field pipeline exports
Shaikan Field crude exports restarted via Iraq-Türkiye Pipeline on 27 September 2025. |
+0.9% | |
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Gross production year-to-date average 40,900 bopd2025 guidance range 40,000-42,000 bopd
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| 26 Sep 25 | Restart of Kurdistan crude exports via the Iraq-Türkiye Pipeline
Kurdistan crude exports via Iraq-Türkiye Pipeline set to restart following agreements with KRG and FGI. |
+5.0% | |
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Expected interim Shaikan Field realised price above $30/bblPrior Shaikan Field realised price (local sales) $27-28/bblInterim period duration around three months
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| 18 Sep 25 | Interim Dividend Exchange Rate
Interim dividend of $25 million announced; GBP shareholders to receive 8.443 pence per share. |
+1.0% | |
| 09 Sep 25 | Potential Dual Listing in Oslo
Gulf Keystone pursuing dual listing on Oslo Stock Exchange to increase liquidity and capital market access. |
+2.5% | |
| 02 Sep 25 | Dividend Currency Elections
Company confirms dividend currency election details for $25 million interim dividend payable 30 September 2025. |
−1.5% | |
| 28 Aug 25 | Results | 2025 Half Year Results Announcement
H1 2025 production up 12% to 44,100 bopd with $24.6m free cash flow; $25m interim dividend declared. |
+5.3% |
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Gross average production H1 2025 44,100 bopd (39,252 bopd)Revenue $83.1m ($71.2m)Adjusted EBITDA $41.1m ($36.4m)Free cash flow $24.6m ($26.6m)Realised price $27.8/bbl ($26.3/bbl)Cash balance $99.0m ($102.3m)
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| 13 Aug 25 | Notice of HY25 Results & Operational Update
HY25 results to be announced 28 August; Shaikan Field production restarted after security assessment. |
−0.4% | |
| 16 Jul 25 | Update on Shaikan Field operations
Gulf Keystone provides operational update on Shaikan Field production |
−4.6% | |
| 20 Jun 25 | 2025 AGM Operational & Corporate Update
GKP reports 44,900 bopd production year-to-date with $25m interim dividend paid; 2025 guidance unchanged despite monitoring regional conflict. |
−1.0% | |
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Gross average production 2025 YTD c.44,900 bopd2025 production guidance 40,000 - 45,000 bopdInterim dividend paid April 2025 $25 millionCash balance $100 million (as at 19 June 2025)Realised prices 2025 $27-$29/bblSafety - Lost Time Incidents Zero for over 880 days
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| 24 Apr 25 | Director dealing | Director/PDMR Shareholding
Three directors exercised vested LTIP options granted in 2022, selling shares to cover tax liabilities. |
+2.1% |
| 10 Apr 25 | Interim Dividend Exchange Rate
Exchange rate set for interim dividend of $25 million, payable 23 April 2025. |
+1.3% | |
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Interim dividend per share (USD) 11.52 US centsInterim dividend per share (GBP) 8.993 penceTotal interim dividend $25 millionExchange rate applied $1:£0.7806Payment date 23 April 2025Register date 4 April 2025
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| 04 Apr 25 | Long Term Incentive Plan (“LTIP”) Award
LTIP awards granted to five PDMRs and 1,841,737 awards to eligible employees, vesting 1 April 2028. |
−8.6% | |
| 04 Apr 25 | Director dealing | Director/PDMR Shareholding
CEO and CFO exercised vested share options and received deferred bonus plan awards. |
−8.6% |
| 02 Apr 25 | Report on Payments to Governments for 2024
GKP reports payments to governments of $175.1m for 2024 under UK disclosure regulations. |
−1.6% | |
| 02 Apr 25 | Publication of 2024 Annual Report and Accounts & Sustainability Report
Gulf Keystone published its 2024 Annual Report and Accounts and Sustainability Report. |
−1.6% | |
| 01 Apr 25 | Issue under the Deferred Bonus Plan ('DBP')
Nil cost option awards granted to CEO and CFO under deferred bonus plan, vesting March 2028. |
−0.5% | |
| 24 Mar 25 | Dividend Currency Elections
Company confirms dividend currency election arrangements for $25 million interim dividend of 11.52 US cents per share. |
−1.1% | |
| 20 Mar 25 | Results | 2024 Full Year Results Announcement
Gulf Keystone delivered 2024 results with 86% production growth and restarted shareholder distributions totalling $45m. |
+2.0% |
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Gross average production 2024 40,689 bopd (21,891 bopd)Adjusted EBITDA $76.1m ($50.1m)Revenue $151.2m ($123.5m)Free cash flow $65.4m ((outflow) $13.1m)Cash balance $102m (year end), $115m (19 March 2025) ($82m)Shareholder distributions 2024 $45m
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| 27 Feb 25 | Notice of 2024 Full Year Results and Investor Presentations
Gulf Keystone to announce 2024 full year results on 20 March 2025 with analyst and retail investor presentations. |
+1.6% | |
| 27 Jan 25 | Director dealing | Director/PDMR Shareholding
CEO Jon Harris granted 80,771 shares as one-off retention award approved at 2024 AGM. |
−0.1% |
| 23 Jan 25 | Operational & Corporate Update
2025 YTD production 47,900 bopd with strong local demand; guidance 40,000-45,000 bopd for full year. |
−5.0% | |
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2025 YTD gross average production c.47,900 bopd2024 gross average production 40,689 bopd (21,891 bopd (2023))2024 revenue $151 million ($124 million (2023))2024 net capex $18 million ($58 million (2023))2024 shareholder distributions $45 millionYear-end cash balance $102 million
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| 11 Dec 24 | Operational & Corporate Update
Gulf Keystone reports strong 2024 safety and operational performance with c.40,200 bopd average production, maintains debt-free balance sheet and declares $55m in dividends and buybacks. |
−0.6% | |
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Gross average production 2024 YTD c.40,200 bopdGross production December to date c.34,500 bopdCurrent gross production c.46,000 bopdRealised prices c.$27-28/bblAggregate dividends and buybacks $55 millionCash balance $95 million as at 10 December 2024
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| 24 Oct 24 | Interim Dividend Exchange Rate
Gulf Keystone announces exchange rate for interim dividend of 9.216 US cents per share payable 31 October 2024. |
−0.7% | |
| 10 Oct 24 | Dividend Currency Elections
Dividend currency election announcement for $20 million interim dividend of 9.216 US cents per share. |
+0.0% | |
| 08 Oct 24 | Board & Committee composition
David Thomas appointed permanent Chair; two independent Non-Executive Directors join board with committee assignments. |
+4.9% | |
| 08 Oct 24 | Update on shareholder distributions
GKP declares $20m interim dividend and launches $10m share buyback programme. |
+4.9% | |
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Interim dividend declared $20 millionDividend per share 9.216 US centsShare buyback programme up to $10 millionCash balance $110 million (as at 7 October 2024)September production c.48,500 bopdRealised crude prices c.$27-28/bbl
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| 30 Sep 24 | Director dealing | Director/PDMR Shareholding
Non-Executive Director Julien Balkany purchased 50,000 common shares at 113.7221p per share. |
−0.9% |
| 23 Sep 24 | Appointment of Non-Executive Directors
Gulf Keystone appoints two independent Non-Executive Directors, Catherine Krajicek and Marianne Daryabegui, effective 1 October 2024. |
+0.3% | |
| 06 Sep 24 | Board change | Gulf Keystone confirms Interim Chair
Deputy Chair David Thomas becomes Interim Chair following the passing of Chair Martin Angle. |
−1.8% |
| 05 Sep 24 | Board change | Statement regarding the passing of Chairman
Chairman Martin Angle has passed away suddenly. Jon Harris continues as Chief Executive Officer. |
−1.5% |
| 30 Aug 24 | Director dealing | Director/PDMR Shareholding
Chief HR Officer exercised 61,788 nil-cost share options and sold 29,143 shares to cover tax. |
+0.3% |
| 29 Aug 24 | Results | 2024 Half Year Results Announcement
H1 2024 gross production up 69% to 39,252 bopd, returned to profitability and free cash flow generation with $25m shareholder distributions. |
−0.9% |
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Gross average production 39,252 bopd (23,256 bopd)Revenue $71.2m ($79.6m)Adjusted EBITDA $36.4m ($34.2m)Free cash flow $26.6m ($(9.9m))Cash balance $102.3m ($81.7m)Realised price $26.3/bbl ($51.3/bbl)
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| 01 Aug 24 | Notice of 2024 Half Year Results and Investor Presentations
Gulf Keystone will announce half year results for period ended 30 June 2024 on 29 August 2024. |
−2.2% | |
| 24 Jul 24 | Completion of Share Buyback Programme
Share buyback programme completed with 5.7m shares repurchased for $10m total consideration. |
−1.0% | |
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Shares repurchased 5,676,774Total consideration $10mVolume weighted average price 139.82 pence per shareTotal distributions to shareholders (2024 YTD) $25mShares in issue after cancellation 217,021,881
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| 11 Jul 24 | Interim Dividend Exchange Rate
Gulf Keystone announced interim dividend of 6.832 US cents per share, payable 19 July 2024. |
−1.9% | |
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Interim dividend per share 6.832 US centsInterim dividend per share (GBP) 5.333 penceTotal interim dividend $15 millionExchange rate used $1:£0.7806
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| 26 Jun 24 | Dividend Currency Elections
Gulf Keystone confirms dividend currency election procedures for $15 million interim dividend payable 19 July 2024. |
+2.1% | |
| 21 Jun 24 | Director dealing | Director/PDMR Shareholding
CFO Gabriel Papineau-Legris exercised 41,052 nil-cost share options and sold 19,363 shares for tax. |
+6.4% |
| 21 Jun 24 | 2024 AGM Operational & Corporate Update
Gulf Keystone declares $15m interim dividend and updates on local sales performance amid Kurdistan export suspension. |
+6.4% | |
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Interim dividend $15 millionShaikan Field gross average sales 2024 YTD c.38,700 bopdCurrent realised price c.$28/bblCash balance $99 million (20 June 2024)Share buyback programme completed over $5 million (up to $10 million authorised)Gross production potential 45,000 – 48,000 bopd
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| 13 May 24 | Operational update and launch of up to $10 million share buyback programme
Gulf Keystone launches $10 million share buyback programme and reports robust local sales at $27/bbl. |
+6.3% | |
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Local sales 2024 year to date c.37,000 bopdRealised price c.$27/bblCash balance $98 million (as at 10 May 2024)May sales to date c.48,300 bopdProduction potential 45,000 – 48,000 bopdMonthly net capex, operating costs and G&A c.$6 million
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| 25 Apr 24 | Report on Payments to Governments for 2023
Gulf Keystone publishes mandatory disclosure of payments to governments in Kurdistan Iraq for 2023. |
−1.7% | |
| 25 Apr 24 | Publication of 2023 Annual Report and Accounts & Sustainability Report
Gulf Keystone published its 2023 Annual Report and Accounts and Sustainability Report. |
−1.7% | |
| 22 Apr 24 | Director dealing | Director/PDMR Shareholding
Chief Legal Officer exercised 26,408 nil-cost share options and sold 13,251 shares to cover tax. |
+9.3% |
| 21 Mar 24 | Results | 2023 Full Year Results announcement
2023 revenue fell 73% to $123.5m due to export suspension and KRG payment delays; transitioned to local sales generating $86m cash balance. |
−3.9% |
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Revenue $123.5m ($460.1m)Loss after tax $11.5m ($266.1m profit)Adjusted EBITDA $50.1m ($358.5m)2023 gross average production 21,891 bopd (44,202 bopd)Cash balance $86m2024 YTD gross average sales 33,300 bopd
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| 28 Feb 24 | Results | Update on Shaikan Field local sales & Notice of 2023 Full Year Results
Shaikan Field local sales rebounded to 38,400 bopd in February 2024 at $25/bbl, generating $10m net revenue above monthly costs. |
+0.2% |
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Gross average sales (February 2024) c.38,400 bopdRealised price (February 2024) c.$25/bblExpected net sales (February 2024) c.$10mMonthly capex and costs c.$6mBreakeven gross sales c.22,200 bopdGKP net entitlement 36%
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| 15 Feb 24 | Director dealing | Director/PDMR Shareholding
Chief Commercial Officer purchased 20,000 shares at 96.25p per share on 14 February 2024. |
+2.7% |
| 05 Feb 24 | Management & Board changes
CFO Ian Weatherdon retiring; Gabriel Papineau-Legris to replace him after June AGM. Senior Independent Director Kimberley Wood also resigning. |
−1.4% | |
| 31 Jan 24 | Operational & Corporate Update
2023 revenue collapsed to $109.2m as Kurdistan exports suspended; company adapted to local sales and cut costs to $6m monthly run rate. |
−5.8% | |
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2023 revenue receipts $109.2m ($450.4m)2023 gross average production 21,891 bopd (44,202 bopd)Local sales average (H2 2023) 23,331 bopd2023 net capex c.$59m ($114.9m)Cash balance $82m at 30 January 2024KRG outstanding receivable $151m net
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| 13 Dec 23 | Operational & Corporate Update
Production averaging 28,800 bopd via local sales at $30/bbl; cash position $85m with no debt; pipeline exports remain offline. |
−3.6% | |
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Gross average sales c.28,800 bopdRealised price $30/bblMonthly costs c.$6 millionCash balance $85 millionNet entitlement 36% of gross sales revenueNo lost time incidents over 330 days
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| 20 Nov 23 | Director dealing | PDMR Transfer of Shareholding
CFO Ian Weatherdon transferred 628,935 shares to personal investment account at 135p per share. |
−1.4% |
Company filings. Not investment advice.