(Alliance News) - The FTSE 100 looks set to give back a fraction of its weekly gain at the open on Friday, edging slightly lower after being boosted Thursday by a Bank of England decision that was interpreted as dovish. Read More
(Alliance News) - Gulf Keystone Petroleum Ltd on Monday said sales were solid in 2024, as the company also unveiled a USD10 million share buyback programme, intended to close a perceived discount to its share price. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Gulf Keystone Petroleum Ltd - oil and gas exploration company, which operates the Shaikan field, one of the largest developments in the Kurdistan region of Iraq - Says local sales volumes from the Shaikan field rebounded in recent weeks amid higher market demand for some refined products. Says gross sales from February 1 to February 26 averaged about 38,400 barrels of oil per day, bringing gross average sales in 2024 so far to 29,600 bopd. For 2022, it had reported a gross average output of 44,202 bopd. Further, notes easing of seasonal logistic challenges and a realised price of around USD25 per barrel. "While we expect demand in 2024 to remain variable, we see strong local market demand as we enter March and are looking to increase sales above current levels," the company says. Read More
(Alliance News) - Gulf Keystone Petroleum on Monday announced the upcoming retirement of Chief Financial Officer Ian Weatherdon, who will be replaced by current Chief Commercial Officer Gabriel Papineau-Legris. Read More
(Alliance News) - Gulf Keystone Petroleum Ltd on Wednesday said revenue receipts plummeted in its latest "challenging year", although it is "actively working" to boost volumes. Read More
(Alliance News) - Gulf Keystone Petroleum Ltd reported a decrease in gross average oil sales over the last few months, and said "preserving liquidity" remains a high priority. Read More
(Alliance News) - European equities made an uncertain start to the final quarter of the year, with less-than-stellar manufacturing sector readings across the continent hurting already ropey market sentiment. Read More
(Alliance News) - Turkey said Monday that an Iraqi oil pipeline that ceased operations in March because of a complex payments dispute involving the Kurdish autonomous region will resume pumping crude this week. Read More
(Alliance News) - Stock prices in London were lower at midday on Monday as investors fretted about the health of the Chinese economy and the prospect of interest rates remaining high in the US. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
Gulf Keystone Petroleum Ltd - operator of the Shaikan Field, one of the largest developments in the Kurdistan region of Iraq - Reports consistent increase in local sales from Shaikan field. Sales rise to currently 33,000 barrels of oil per day from 28,800 between September 1 and 24. They are up from 17,200 bopd in August and 4,900 bopd in July. Realised prices have continued to average around USD30 per barrel, which is in line with local pricing. "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. The company is receiving advance payments into its UK bank account for its net entitlement of 36% of gross sales revenue," Gulf Keystone says. Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Gulf Keystone Petroleum Ltd on Wednesday said, though no official timeline has been announced, it believes the suspension of Kurdistan crude exports will be temporary and that the Kurdistan regional government will resume oil sales payments "in due course". Read More
Gulf Keystone Petroleum Ltd - Iraq-focused oil field operator - Notes that at the company's annual general meeting, 41% of shares cast vote against the re-election of Chief Financial Officer Ian Weatherdon to the board. Also notes 40% of shares cast vote against approving remuneration report. Read More
(Alliance News) - Gulf Keystone Petroleum Ltd on Friday said it continues to believe that the suspension of exports following Turkey's closure of the Iraq-Turkey pipeline will be temporary, as the amount of deferred oil exports kept growing. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Wednesday and not separately reported by Alliance News: Read More