Gulf Keystone rises most in a month on Kurdistan estimate

|By:, SA News Editor

Gulf Keystone (GUKYF, GFKSY) climbs as much as 6% in London trading after saying production from its key asset in Iraq's Kurdistan region was proceeding as planned.

The company expects production from its Shaikan field to rise to 40K bbl/day of oil by the end of the year, and eight cargoes so far have been sold into the international market.

Shares had lost 14% in the first four days of this week on concerns of spreading violence in Iraq.