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Gulf Keystone Petroleum Ltd

Current Price 149.40p Bid 149.30p Ask 149.80p Change -1.26%
Last Updated: 25/06/2024 12:02. Prices delayed by at least 15 minutes.
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Company Overview

Principal activity is oil exploration in the Kurdistan region of northern Iraq. In November 2007 Gulf Keystone secured interests in two production sharing contracts in the Kurdistan Region of Northern Iraq, Shaikan and Akri-Bijeel. In 2009, the Company diversified the asset base in Kurdistan with the addition of two new Production Sharing Contracts, Sheikh Adi and Ber Bahr. Stategy is to bring the company into production and to explore, appraise and develop current blocks to realise reserve potential.

Financial Highlights Year Ended 31/12/2023

Revenue
£123.51m
Operating Profit/Loss
£-13.04m
Dividend yield (%)
n/a
Total dividend for year
$n/a
Dividend cover
n/a
P/E Ratio
n/a

Key Personnel

Mr Jon Harris
Chief Executive Officer
Mr Ian Weatherdon
Chief Financial Officer
Mrs Wanda Mwaura
Independent Non-Executive Director
Mr David Howard Thomas
Non-Executive Director
Mr Julien Balkany
Non-Executive Director
Mr Kimberley Wood
Non-Executive Director
Mr Martin Angle
Senior Independent Non-Executive Director

Stock Details

EPIC
GKPL
ISIN
BMG4209G1087
Shares in Issue
978.14m
Market cap
£1,461.34m

Price Summary

Mid Price
149.40p
Bid Price
149.30p
Ask Price
149.80p
Volume
37,088
Change Today
-1.90p
% Change Today
-1.26%
Open
153.40p
Previous Close
151.30p
Intraday High
153.40p
Intraday Low
149.20p
52 Week High
153.40p
52 Week Low
85.50p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
$ (M)
$ (M)
Continuing Operations
Revenue
123.51
460.11
Operating Profit/Loss
-13.04
273.54
Net Interest
2.04
-9.01
Pre-Tax Profit
-11.39
265.77
Profit After Tax from continuing operations
-11.50
266.09
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
-11.50
266.09
Attributable to:
Equity Holders of Parent Company
-11.50
266.09
Minority Interests
n/a
n/a
Total Dividend Paid
$n/a
$n/a
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
-5.28c
123.52c
Diluted
-5.28c
118.62c
Adjusted
-5.28c
123.52c
Dividend per Share
$n/a
$n/a

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
$ (M)
$ (M)
Non-Current Assets
Property, Plant & Equipment
445.84
436.44
Intangible Assets
2.81
4.31
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
141.76
1.58
Current Assets
Inventories
9.90
6.37
Trade & Other Receivables
15.12
176.20
Cash at Bank & In Hand
81.71
119.46
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
n/a
Other Assets
n/a
n/a
Total Assets
697.15
744.36

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
$ (M)
$ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
114.56
128.56
Total Current Liabilities
114.56
128.56
Non-Current Liabilities
Borrowings
n/a
n/a
Provisions
35.31
42.55
Other Non-Current Liabilities
0.04
0.33
Total Non-Current Liabilities
35.35
42.87
Other Liabilities
n/a
n/a
Total Liabilities
149.91
171.43

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
$ (M)
$ (M)
Net Assets
547.24
572.92

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
$ (M)
$ (M)
Share Capital
222.44
216.25
Share Premium Account
503.31
528.12
Other Reserves
-3.77
-4.72
Retained Earnings
-174.75
-166.73
Shareholders Funds
547.24
572.92
Minority Interests/Other Equity
n/a
n/a
Total Equity
547.24
572.92

Dividend History

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
n/a%
-86.96%
Dividend yield
n/a%
4.60%
Dividend cover
n/a
10.68


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