Bluewaters2u
01-05-2011, 08:55 PM
Wednesday, January 5, 2011
"MASSIVE"... Gulf Keystone Rises After Saying Iraq Well Resources ‘Massive’ ...Great news !!!!
http://1.bp.blogspot.com/_46Hbr4qMeTM/TSSl3bXtQiI/AAAAAAAAJ0k/mP90hNaUUIM/s400/oil%2Brig%2Bnov%2B2010%2Bvery%2Bcool%2Bpurple%2Bpi c.jpg (http://1.bp.blogspot.com/_46Hbr4qMeTM/TSSl3bXtQiI/AAAAAAAAJ0k/mP90hNaUUIM/s1600/oil%2Brig%2Bnov%2B2010%2Bvery%2Bcool%2Bpurple%2Bpi c.jpg)
January 5, 2011
Gulf Keystone Rises After Saying Iraq Well Resources ‘Massive’
Gulf Keystone Resources Plc, the U.K. oil explorer focusing on Iraq, gained as much as 8 percent after reporting that the resources from a well in the northern part of the country are “massive by any standard.”
The shares were up 5.8 percent to 173 pence as of 11:32 a.m. in London. The Shaikan-3 appraisal well found layers of earth that may contain oil volumes in place of 220 million to 2.2 billion barrels, Gulf Keystone said in a statement today.
The company’s stock has more than doubled since July as it aims to increase production from Iraq. Gulf Keystone raised more than 250 million pounds ($390 million) in three share sales to fund drilling. The last was in October at 140 pence a share.
“The Cretaceous resources evaluated by the Shaikan-3 well are massive by any standard,” Gulf Keystone Chief Operating Officer John Gerstenlauer said. “They represent a significant oil resource for Kurdistan and Iraq. It is a further demonstration of the huge hydrocarbon potential of the area.”
http://www.bloomberg.com/news/2011-01-05/gulf-keystone-rises-after-saying-iraq-well-resources-massive-.html
"MASSIVE"... Gulf Keystone Rises After Saying Iraq Well Resources ‘Massive’ ...Great news !!!!
http://1.bp.blogspot.com/_46Hbr4qMeTM/TSSl3bXtQiI/AAAAAAAAJ0k/mP90hNaUUIM/s400/oil%2Brig%2Bnov%2B2010%2Bvery%2Bcool%2Bpurple%2Bpi c.jpg (http://1.bp.blogspot.com/_46Hbr4qMeTM/TSSl3bXtQiI/AAAAAAAAJ0k/mP90hNaUUIM/s1600/oil%2Brig%2Bnov%2B2010%2Bvery%2Bcool%2Bpurple%2Bpi c.jpg)
January 5, 2011
Gulf Keystone Rises After Saying Iraq Well Resources ‘Massive’
Gulf Keystone Resources Plc, the U.K. oil explorer focusing on Iraq, gained as much as 8 percent after reporting that the resources from a well in the northern part of the country are “massive by any standard.”
The shares were up 5.8 percent to 173 pence as of 11:32 a.m. in London. The Shaikan-3 appraisal well found layers of earth that may contain oil volumes in place of 220 million to 2.2 billion barrels, Gulf Keystone said in a statement today.
The company’s stock has more than doubled since July as it aims to increase production from Iraq. Gulf Keystone raised more than 250 million pounds ($390 million) in three share sales to fund drilling. The last was in October at 140 pence a share.
“The Cretaceous resources evaluated by the Shaikan-3 well are massive by any standard,” Gulf Keystone Chief Operating Officer John Gerstenlauer said. “They represent a significant oil resource for Kurdistan and Iraq. It is a further demonstration of the huge hydrocarbon potential of the area.”
http://www.bloomberg.com/news/2011-01-05/gulf-keystone-rises-after-saying-iraq-well-resources-massive-.html