Apr. 9, 2015, 8:48 AM
- Gulf Keystone Petroleum (OTCPK:GUKYF) reports a $246M pretax loss for 2014 vs. a $32M loss in 2013, and says it is considering a range of options including a sale of the company.
- Full-year revenues rose to $38.6M from $6.7M in the prior year, and current production is running above 37K bbl/day, and the company says it hopes to achieve an average rate of 36K bbl/day through 2015.
- Gulf Keystone says it is in discussions regarding possible asset transactions or a sale of the company, as well as considering additional routes to secure further funding.
Gulf Keystone Petroleum Limited is an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq. The Company is registered in Bermuda with further offices in Erbil, Kurdistan Region of Iraq, Algiers, Algeria and London, UK. The Company was... More
Sector: Industrial Goods
Industry: Major Integrated Oil & Gas
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