Gulf Keystone Petroleum Ltd. (“Gulf Keystone” or the “Company”) is an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq.
The Company was incorporated in Bermuda in 2001 and was admitted to trading on the Alternative Investment Market ("AIM") of the London Stock Exchange plc ("LSE") on 8 September 2004. On 25 March 2014 the Company made its transition from AIM and was admitted, with a standard listing, to the Official List of the United Kingdom Listing Authority and to trading on the LSE's main market for listed securities ("Main Market"). The Company is not incorporated in the UK and therefore the rights of shareholders of the Company may be different from the rights of shareholders in a UK incorporated company.
Gulf Keystone is focused on development and production of oil and gas in the Kurdistan Region of Iraq.
Gulf Keystone Petroleum International Ltd. (“GKPI”), a wholly-owned subsidiary of Gulf Keystone Petroleum Ltd., holds an interest in the Shaikan Block Production Sharing Contract (“PSC”), where it is also the operator.
On 6 August 2009, Gulf Keystone announced a significant discovery with the Shaikan-1 exploration well. The Company declared Shaikan a commercial discovery in August 2012. The Shaikan Field Development Plan was approved in June 2013.
Corporate Social Responsibility
The Company is a prudent, competent and responsible operator and a partner of choice, with the goal of creating a strong, lasting and mutually rewarding partnership with our hosts in the Kurdistan Region of Iraq.
Shares in Issue
The Company has 229,429,566 shares in issue.
Gulf Keystone’s shares are admitted, with a standard listing, to the Official List of the United Kingdom Listing Authority and to trading on the London Stock Exchange plc's ("LSE") main market for listed securities ("Main Market"), ticker symbol: GKP.
Dealings in the Company's common shares commenced on the Main Market on 25 March 2014 and trading in the Company's common shares on the AIM market of the LSE, on which the Company was admitted to trading on September 2004, were cancelled simultaneously.
On 5 December 2008, Gulf Keystone established a sponsored Level 1 American Depositary Receipt ("ADR") programme in the United States in conjunction with the Bank of New York Mellon, the depositary bank. OTC Market Tier: OTCQX International. Ticker Symbol: GFKSY.
On 25 July 2018, the Company successfully completed the settlement of a 5 year senior unsecured $100m bond issue (“the Notes”). The Notes carry a 10 percent fixed semi-annual coupon and the proceeds were used to refinance the Company’s then existing $100m Guaranteed Notes due 2021.
An application will be made for the Notes to be listed on an appropriate recognised exchange.
Gulf Keystone has approximately 320 personnel including national staff, expats and contractors in the Kurdistan Region of Iraq.
Gulf Keystone Petroleum Ltd. is registered in Bermuda (number 31165) with further offices in Erbil, Kurdistan Region of Iraq; Algiers, Algeria; and London, United Kingdom.
Gulf Keystone Petroleum Ltd.
9th Floor, 1 Victoria Street
PO Box 1561
Gulf Keystone Petroleum International Ltd.
3rd Floor, UB Centre
Kurdistan Region of Iraq
Gulf Keystone Petroleum (UK) Ltd
New Fetter Place
8-10 New Fetter Lane
Gulf Keystone Petroleum Ltd.
122 Lotissement Assat Idir