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Research Tree offers GULF KEYSTONE PETROLEUM LTD research coverage from 4 professional analysts, and we have 7 reports on our platform.
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|26/10/2016 07:03:02||London Stock Exchange||Shaikan Payment Update|
|21/10/2016 15:44:42||London Stock Exchange||Notification of Major Interest in Shares|
|19/10/2016 15:12:54||London Stock Exchange||Notification of Major Interest in Shares|
|18/10/2016 17:03:58||London Stock Exchange||Notification of Major Interest in Shares|
|14/10/2016 08:01:24||London Stock Exchange||Admission of New Common Shares|
|13/10/2016 15:27:24||London Stock Exchange||Completion of Balance Sheet Restructuring|
|11/10/2016 07:00:07||London Stock Exchange||Scheme Allocations|
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Research reports on GULF KEYSTONE PETROLEUM LTD
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Consensus eps falling…falling…falling…rising 2.0
29 Apr 16
In January we screened for companies with estimates that had been declining consistently since a year previously, but which had risen in the immediately preceding three months (see our note dated 22 January 2016). We have reviewed the performance of those companies and, given the overall strength of this selection, we have re-run the screen. In the c.3 months since selection, the unweighted average rise was c.34% against a c.11% rise in the main All-Share index. From the same universe as before (some 900 companies) we find 38 companies selected by the screen. We note a number of stocks in the list where we have a supportive stance including: Devro (DVO LN, Buy), James Fisher (FSJ LN, Corporate), Mattioli Woods (MTW LN, Buy) and Spirent Communications (SPT LN, Buy).
Two payments in two months
15 Oct 15
Today’s announcement that Gulf Keystone Petroleum (GKP) has been paid for the second month running is good news for all concerned. GKP gets much-needed revenues and a second payment starts to give Kurdistan companies (and investors) a taste that these payments could be the start of regular, reliable cash flows. We note Genel and DNO have yet to announce payments themselves, but would be surprised not to see these in the near future.
Updated CPR sees 2P reserves more than double
07 Oct 15
Gulf Keystone Petroleum (GKP) has released an updated CPR on its assets, with the resources of its Shaikan, Sheikh Adi and Ber Bahr assets all seeing revisions. Headlines of a more than doubling of the 2P reserves base demonstrate increased confidence in the quality of the Shaikan asset following strong operational performance. Importantly, the reservoir mechanism is now believed to be gas cap driven (rather than through global aquifer support), which will mean revisions to the development plan. It could also mean that ultimate plateau production may not be as high as we had modelled, although it does continue for longer. As a result, we have remodelled the company, moving our discount year to 2016, resulting in an adjusted core development NAV of 56p/share.
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21 Oct 16
STM* (STM): Acquisition of London & Colonial (CORP) | Hurricane Energy (HUR): £70m placing and open offer (BUY) | Firestone Diamonds* (FDI): Liqhobong commissioning update (BUY) | Accsys (AXS): Acorn aiming to be a mighty oak – analyst interview (BUY) | Avacta* (AVCT): Act now… – analyst interview (CORP) | Tristel* (TSTL): Full year 2016 results – analyst interview (CORP)
£70m placing and open offer
21 Oct 16
Hurricane has successfully raised £70m by issuing c.205.9m shares at a price of 34p. The company is also undertaking an open offer at the same price to raise a further £4.4m. The proceeds will be used to fund two exploration wells on Lincoln and Warwick as well as further development activity on the Lancaster field.