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History

  • 2016

    US$15 million gross received for December Shaikan crude oil exports

    US$15 million gross received for January Shaikan crude oil exports

    US$7.5 million gross received for February Shaikan crude oil exports

    US$15 million gross received for March Shaikan crude oil exports

    US$15 million gross received for April Shaikan crude oil exports

    US$15 million gross received for May Shaikan crude oil exports

    Keith Lough appointed as Non-Executive Chairman

    US$15 million gross received for June Shaikan crude oil exports

    US$15 million gross received for July Shaikan crude oil exports

    Completion of Balance Sheet Restructuring - 13 October

    US$15 million gross received for August Shaikan crude oil exports

    US$15 million gross received for September Shaikan crude oil exports

    2016
    2016
    2016
  • 2015

    Sami Zouari appointed as Chief Financial Officer

    US$26 million gross received as pre-payment for Shaikan crude oil sales in February

    Successful placing of new Common Shares resulting in gross proceeds of US$41 million

    Jón Ferrier appointed as Chief Executive Officer

    Nadhim Zahawi appointed as Chief Strategy Officer

    US$15 million gross received for September Shaikan crude oil exports

    US$15 million gross received for October Shaikan crude oil exports

    US$15 million gross received for November Shaikan crude oil exports

    2015
    2015
    2015
  • 2014

    MNR announced oil export sales from the Kurdistan Region of Iraq

    Export sales of Shaikan crude oil commenced

    Successful transition from AIM to the Main Market of the LSE (LSE: GKP)

    Closed on a US$250 million debt financing

    John Gerstenlauer appointed as Chief Executive Officer

    Appointment of two new Non-Executive Directors in August

    Appointment of new Non-Executive Director in December

    Reached 40,000 gross barrels of oil per day Shaikan production target

    2014
    2014
    2014
  • 2013

    Shaikan Field Development Plan submitted in January and approved in June

    Bakrman-1 exploration well on the Akri-Bijeel block announced as a discovery

    Ber Bahr-1 exploration well on the Ber Bahr block announced as a discovery

    Appointment of Non-Executive Chairman Simon Murray

    Commencement of Shaikan commercial production

    Appointment of five new Non-Executive Directors

    Deutsche Bank appointed the Company’s financial advisor to help with the move to the Main market

    US$50 million tap issue of convertible bonds

    In December crude oil exports from the Shaikan field commenced

    2013
    2013
    2013
  • 2012

    14 exploration and appraisal wells drilled or being drilled across the four blocks, including the second exploration well on Sheikh Adi and three additional wells on Akri-Bijeel

    DGA upgrade Shaikan’s gross oil-in-place volumes to 12.4 (P10), 13.7 (mean) and 15 (P90) billion barrels

    Shaikan appraisal programme completed with Shaikan-5 and -6

    Shaikan Declaration of Commercial Discovery announced and the work on the Field Development Plan is ongoing

    Placement of senior unsecured convertible bonds due October 2017 for the amount of USD 275 million

    Sheikh Adi -2 exploration well announced as a discovery

    2012
    2012
    2012
  • 2011

    420% (P90) – 181% (P10) increase in gross oil-in-place estimates for the Shaikan discovery with a range of 8.0 billion (P90) to 13.4 billion (P10) barrels, by Dynamic Global Advisors

    Significant increase in the gross output of the Shaikan Extended Well Test production facility

    Sheikh Adi preliminary resource evaluation by DGA of 1 billion (P90) to 3 billion (P10) barrels of gross oil-in-place

    A fully subscribed $200 million share placing

    Appointment to the Board of two additional Non-Executive Directors

    2011
    2011
    2011
  • 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

    Sheikh Adi-1 exploration well spudded

    ADR’s traded on the premier tier OTCQX International

    2010
    2010
    2010
  • 2009

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

    First exploration well Shaikan-1 drilled and announced as a major discovery

    Announcement of the Company’s strategic gradual exit from Algeria

    2009
    2009
    2009
  • 2008

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

    2008
    2008
    2008
  • 2007

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

    2007
    2007
    2007
  • 2004

    Listed on the AIM Market of the London Stock Exchange plc (stock quote GKP)

    2004
    2004
    2004
  • 2001

    Founded by UAE, Kuwaiti and US private equity and incorporated in Bermuda

    2001
    2001
    2001