close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Gulf Keystone placing raises 109 mln stg

Placing of 78 mln shares at 140 pence oversubscribed.

0

October 18, 2010 8:57 by



Gulf Keystone Petroleum , the AIM-listed Iraq-focused explorer, said it will use the 109.2 million pounds ($174.7 million) proceeds from a share placing to accelerate its drilling programme in Kurdistan.

The firm said on Sunday the placing of 78.03 million new shares at 140 pence a share was oversubscribed. It said it would now drill the previously delayed Shaikan 2 and Shaikan 4 wells and add the Shaikan 5, 6, and 7 wells to its drilling programme.

Funds would also be applied to additional testing and production facilities, in anticipation of success from the drilling of Sheikh Adi 1 and/or one or more of the Shaikan appraisal wells.

Shares in Keystone closed on Friday at 143.5 pence, valuing the business at 970 million pounds.

(Reporting by James Davey; Editing by Will Waterman)



0

Tags: , , ,

Leave a Comment