About Us

History and Milestones

2001

  • Founded by UAE, Kuwaiti and US private equity

  • Incorporated in Bermuda

2004

  • Listed on the Alternative Investment Market of the London Stock Exchange (stock quote GKP)

2007

  • Award of two Production Sharing Contracts for the Shaikan and Akri-Bijeel blocks in the Kurdistan Region of Iraq

2008

  • 2D seismic data acquired for the Shaikan and Akri-Bijeel blocks

  • American Depositary Receipts (ADR’s) traded in US over-the-counter securities (market symbol GFKSY)

2009

  • Acquired interest in two further Production Sharing Contracts for the Sheikh Adi and Ber Bahr blocks in the Kurdistan Regions of Iraq

  • The Company’s first exploration well Shaikan-1 drilled and announced as a major discovery

  • Announcement of the Company’s strategic gradual exit from Algeria

2010

  • First third party assessment of the Shaikan discovery gross oil-in-place published

  • Bijell-1, first exploration well on the Akri-Bijeel block, announced as a discovery

  • Shaikan Extended Well Test facilities completed and first domestic oil sales commenced

  • Significant amount of 3D seismic data acquired for the Shaikan and Sheikh Adi blocks

  • Shaikan-2 and Shaikan-3 appraisal wells spudded

  • Sheikh Adi-1 exploration well spudded

  • ADR’s traded on the premier tier OTCQX International

  • Solid balance sheet following 2010 fund raisings for extensive 2011/2012 exploration and appraisal program

2011

  • Bekhme-1, second exploration well on the Akri-Bijeel block spudded in March

  • Significant upward revision of the Shaikan discovery gross oil-in-place volumes in April

  • Shaikan-4 appraisal well to be drilled in the second quarter

  • Shaikan-5 appraisal well location selected while Shaikan-6 & 7 are contingent

  • Ber Bahr-1 exploration well to be drilled in the summer

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