Gulf Keystone Petroleum Ltd Com Shs
GKP · Main Market · Energy · mcap £430m · 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.
Negative 25 Aug 2026
Production shut in Feb-Jun and Jul-Aug 2026 on security grounds; H1 output down 67%Disruption cut free cash flow to negative $2.0m and cash fell to $63.5m, though debt-free. 25 Aug 2026 19 Jun 2026
Mixed 25 Aug 2026
Dividend cut from $12.5m to $10m semi-annualDistribution maintained but reduced, reflecting lower cash and pending full PSC entitlement. 25 Aug 2026 19 Mar 2026
Positive 25 Aug 2026
Independent review concluded GKP expects full PSC entitlement for export sales; top-up receivable accruingRealised price of $83.5/bbl versus about $30/bbl cash received leaves a top-up receivable not yet in cash. 25 Aug 2026
Positive 16 Mar 2026
Optidob BV disclosed a stake rising above 5% (5.17%) in March 2026A new holder crossed the 5% disclosure threshold. 16 Mar 2026
- 2026-02-13 placing · NOK 11.3m – Retail offer of 512,463 shares at NOK 22.10 on Euronext Growth Oslo dual listing 13 Feb 2026
- 2024-05-13 buyback programme · $10m – Share buyback programme of up to $10m launched; completed July 2024 with 5.7m shares repurchased at 139.82p average 13 May 2024
From the company's own announcements · not investment advice
Company filings. Not investment advice.