Kurdistan Region

Genel Energy PLC: Announcement of bond buy-back offer

Retrieved on: 
Monday, October 2, 2023

For further information, please refer to www.genelenergy.com

Key Points: 
  • For further information, please refer to www.genelenergy.com
    The distribution of the Buy-Back Offer to Bondholders in certain jurisdictions may be restricted by law.
  • Persons into whose possession the Buy-Back Offer to Bondholders comes are required by the Company and the Manager for the Buy-Back Offer to inform themselves about, and to observe, any such restrictions.
  • The Buy-Back Offer is made solely pursuant to the Buy-Back Offer to Bondholders dated 2 October 2023.
  • This announcement and the Buy-Back Offer to Bondholders contain important information which should be read carefully before any decision is made with respect to the Buy-Back Offer.

Update on Shaikan Field local sales

Retrieved on: 
Monday, September 25, 2023

At current volumes and prices, more than covering current monthly costs of $6 million

Key Points: 
  • At current volumes and prices, more than covering current monthly costs of $6 million
    Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“Kurdistan”), is today providing an update on Shaikan Field local sales.
  • Since closure of the export pipeline and subsequent commencement of local sales on 19 July 2023, gross average monthly local sales of Shaikan crude have steadily increased: c.4,900 bopd in July, c.17,200 bopd in August and c.28,800 bopd between 1-24 September.
  • Following recent agreements with buyers, GKP has ceased trucking operations and is injecting all crude sales into the pipeline for transportation to a local refinery in Kurdistan.
  • Current local sales volumes and realised prices enable GKP to more than cover its estimated monthly costs of around $6 million in H2 2023, while strengthening its financial position.

Operational & Corporate Update

Retrieved on: 
Wednesday, August 9, 2023

In advance of the publication of its 2023 Half Year Results on 31 August 2023, Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“KRI” or “Kurdistan”), is today providing an update on operational and corporate activity.

Key Points: 
  • In advance of the publication of its 2023 Half Year Results on 31 August 2023, Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“KRI” or “Kurdistan”), is today providing an update on operational and corporate activity.
  • As political negotiations continue, we remain focused on what is within our control to preserve and bolster liquidity.
  • We are actively pursuing additional local sales opportunities, although pricing and volumes remain unpredictable.
  • At the same time, we are continuing to reduce our costs, pursue inventory sales and proactively manage our accounts payable.

Notice of 2023 Half Year Results and Investor Presentations

Retrieved on: 
Tuesday, August 8, 2023

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, confirms it will be announcing its results for the half year ended 30 June 2023 on Thursday 31 August 2023.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, confirms it will be announcing its results for the half year ended 30 June 2023 on Thursday 31 August 2023.
  • GKP’s management team will be hosting a presentation for analysts and investors at 10:00am (BST) via live audio webcast:
    The presentation is open to all existing and potential shareholders.
  • Questions can be submitted prior to the event via the IMC platform up until 9:00am (BST) the day before the meeting, or at any time during the live presentation.
  • Investors can sign up to IMC for free using the following link:
    Recordings of both presentations will be made available on GKP’s website.

Appointment of Non-Executive Director

Retrieved on: 
Monday, July 3, 2023

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce the appointment of Julien Balkany as a non-independent Non-Executive Director representing funds managed by Lansdowne Partners Austria GmbH with effect from 3 July 2023.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce the appointment of Julien Balkany as a non-independent Non-Executive Director representing funds managed by Lansdowne Partners Austria GmbH with effect from 3 July 2023.
  • Julien Balkany has extensive experience as an investor and board member in the international oil & gas industry.
  • He has also been Non-Executive Director of several other private and publicly listed oil & gas companies including Norwegian Energy Company (Noreco), Gasfrac Energy Services, Toreador Resources, and Amromco Energy.
  • "We are pleased to welcome Julien to the Board of Gulf Keystone Petroleum as a non-independent Non-Executive Director representing funds managed by Lansdowne Partners Austria GmbH.

Result of AGM

Retrieved on: 
Friday, June 16, 2023

Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.

Key Points: 
  • Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.
  • Further information on Gulf Keystone is available on its website www.gulfkeystone.com
    This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business.
  • This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed.
  • This announcement should not be relied on by any other party or for any other purpose.

2023 AGM, Operational & Corporate Update

Retrieved on: 
Friday, June 16, 2023

Ahead of today's 2023 Annual General Meeting ("AGM"), Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, provides an operational and corporate update.

Key Points: 
  • Ahead of today's 2023 Annual General Meeting ("AGM"), Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, provides an operational and corporate update.
  • Jon Harris, Gulf Keystone's Chief Executive Officer, said:
    “Gulf Keystone entered 2023 following a year of strong operational and financial performance and continued delivery against the Company’s disciplined strategy of investing in profitable production growth, sustainable shareholder returns and maintaining a strong balance sheet.
  • Following the suspension of Kurdistan crude exports on 25 March 2023 and continued delays to oil sales payments, our focus has shifted to aggressively reducing all costs to preserve liquidity, while maintaining safe operational readiness to quickly restart production.
  • A recording of the presentation will also be available to view on the same page later in the day following the conclusion of the AGM.

Genel Energy PLC: Director/PDMR Shareholding

Retrieved on: 
Saturday, June 10, 2023

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94).

Key Points: 
  • Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94).
  • The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects.
  • Genel has low-cost and low-carbon production from the Kurdistan Region of Iraq, and a committed dividend programme that is material and sustainable.
  • Genel continues to seek opportunities to add new resilient and cash-generative assets to its portfolio, with the goal of progressing its dividend in the long-term.

Total Voting Rights

Retrieved on: 
Friday, May 19, 2023

Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.

Key Points: 
  • Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.
  • Further information on Gulf Keystone is available on its website www.gulfkeystone.com
    This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business.
  • This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed.
  • This announcement should not be relied on by any other party or for any other purpose.

Block Listing Application

Retrieved on: 
Friday, May 5, 2023

Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.

Key Points: 
  • Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.
  • Further information on Gulf Keystone is available on its website www.gulfkeystone.com
    This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business.
  • This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed.
  • This announcement should not be relied on by any other party or for any other purpose.