Gulf Keystone reports successful drilling in Kurdistan

Gulf Keystone Petroleum (GKP), the northern Iraq-focused oil explorer, has risen sharply this morning after updating the market on its drilling programme.

Gulf Keystone Petroleum (GKP), the northern Iraq-focused oil explorer, has risen sharply this morning after updating the market on its drilling programme.

GKP has exploration rights for the Shaikan block in the Kurdistan regiion of Iraq. This block has independently audited volumes of between 8bn barrels to 13.4bn barrels of oil.

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