Gulf Keystone Petroleum has raised $175m in a surprise share placement
Gulf Keystone Petroleum, the Aim-quoted oil explorer, has raised $175m to accelerate its Iraq-based drilling programme in a surprise share placement, the Financial Times has reported. The placement, which has not yet been announced, was run by Mirabaud Securities and priced at 140p a share. Gulf Keystone’s shares closed at 143½p on Friday. The money will be used for appraisal drilling on its showpiece Shaikan block as well as exploratory drilling on neighbouring concessions.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.