“The company announces that it has today launched an open offer for up to 2,294,295,672 new common shares in the company at a price of 0.8314 pence ($1.08) per share, to raise up to $25 million,” a Gulf Keystone statement read. The London-based player operates the Shaikan field in the Kurdistan Region of Iraq.
In July, the company said it was forced into restructuring in order to avoid liquidation. Last month, regional peers DNO moved to acquire Gulf Keystone, yet were brushed off. In a reaction, the company said “completion of the Restructuring best serves our stakeholders,” adding that it would not engage in “any additional process that causes the Company to be distracted from that objective.”
Nigeria has opened a bid round covering 12 onshore and deepwater oil and gas blocks, Reuters reported on Wednesday Read More
ADNOC has signed a 15-year heads of agreement for the supply of 600,000 tpy of LNG to German energy company… Read More
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More
Equinor has acquired a 45% stake in two lithium project companies in the USA from Standard Lithium, the Norwegian energy… Read More
Seadrill has been awarded two drillship contracts in South Korea and the US Gulf of Mexico worth a total value… Read More
The World Bank has granted Namibia a $138 Read More
This website uses cookies.