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.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| 2024 | Keep monthly net capex, operating costs and G&A at or below c.$6m in 2024 | 13 Dec 2023 | ✓ Kept |
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Also stated 31 Jan 2024 · 21 Mar 2024
Result
Later updates through December 2024 still reported c.$6m monthly costs, and 2024 net capex was $18m. “Expect to maintain aggregate net capex, operating costs and other G&A monthly run rate at c.$6 million in 2024: Estimated 2024 net capex of c.$20 million”31 Jan 2024 · Operational & Corporate Update |
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| 2024 | 2024 net capex of about $20m | 31 Jan 2024 | ✓ Kept |
| 2025 | |||
| 23 Apr 2025 | Pay $25m interim dividend by 23 April 2025 | 20 Mar 2025 | ✓ Kept |
|
Result
The June 2025 update confirmed the $25m dividend was paid in April. “$25 million interim dividend paid in April according to the Company's announced approach of semi-annual dividend reviews”20 Jun 2025 · 2025 AGM Operational & Corporate Update |
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| 2025 | 2025 operating costs of $50-55m | 20 Mar 2025 | ✓ Kept |
| 2025-09 | Restart Kurdistan crude exports through the pipeline | 26 Sep 2025 | ✓ Kept |
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Also stated 29 Sep 2025
Result
Exports restarted on 27 September 2025, and the first payment came in November. 10 Dec 2025 · Operational & Corporate Update |
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| Today · 11 Oct 2026 | |||
| 2026 | |||
| 2026-04 | Implement cross-border share transfers between Oslo and London by early April 2026 | 13 Feb 2026 | ✓ Kept |
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Result
Cross-border transfers were activated on 2 April 2026. 2 Apr 2026 · Implementation of cross border transfers between the LSE and Euronext Growth Oslo |
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