Added to YB: 2026-03-11
Pitch date: 2026-01-03
GKP.L [bullish]
Gulf Keystone Petroleum Limited
+11.31%
current return
Author Info
No bio for this author
Company Info
Gulf Keystone Petroleum Limited engages in the exploration, development, and production of oil and gas in the Kurdistan Region of Iraq.
Market Cap
GBP 539.2M
Pitch Price
GBP 1.79
Price Target
608.00 (+30700%)
Dividend
9.29%
EV/EBITDA
5.44
P/E
-1.1K
EV/Sales
2.71
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Gulf Keystone Petroleum Limited - $GKP.L
GKP.L: Kurdistan upstream producer w/ 40k+ bopd Shaikan field (443 MMstb 2P, 30yr reserve life, ~$4/bbl opex). Currently yields 10%+ FCF & dividend at distressed ~$26-30/bbl local sales pricing. Sept 2025 export restart via federal SOMO framework + PSC recognition. Interim $30+/bbl; full PSC reconciliation (WoodMac, Q1 2026) targets $40-55/bbl vs Brent $65. Base: $130M FCF, 2-3x upside to £3.82-6.1/share; $151M arrears (30% mkt cap) optional. PF-2 adds 8kbopd early 2027. Risks: political disruption, arrears delay, oil <$50. Catalysts: PSC report Q1 26, Oslo listing, new Iraq-Turkey treaty July 26.
Read full article (10 min)