Gulf Keystone Petroleum Plans Oslo Dual Listing to Boost Liquidity as Share Offering Begins

1 hour ago 2

MarketBeat

Mon, February 9, 2026 astatine 6:17 AM CST 8 min read

Gulf Keystone Petroleum logo

Dual listing connected Euronext Growth Oslo alongside the London listing and a concurrent stock offering purpose to boost liquidity and broaden the capitalist base, with a large shareholder underwriting the retail connection and transferring shares and absorption signalling an eventual determination to the Oslo main list.
Strong plus and fiscal position: Gulf Keystone is simply a pure‑play relation astatine Shaikan with 2024 mean accumulation ~41,600 bpd, 2P reserves of 443 cardinal barrels, debased operating costs (~$4.3/boe), a debt‑free equilibrium expanse with $88M currency and $50M of dividends paid successful 2024.
Exports, pricing and near‑term maturation plans: interim export agreements person restarted pipeline income delivering astir $30/boe currency contiguous (management sees this rising to astatine slightest $45/boe astatine $65 Brent), accumulation is guided to 37,000–41,000 bpd successful 2025, and a water‑handling task is expected to adhd ~4,000–8,000 bpd by 2026–27, with drilling resuming lone if export stableness and pricing improve.
Interested successful Gulf Keystone Petroleum Limited? Here are 5 stocks we similar better.

Gulf Keystone Petroleum (LON:GKP) utilized a institution presumption hosted by DNB Markets, Carnegie AS and SpareBank 1 Markets to outline its determination to proceed with a dual listing connected Euronext Growth Oslo, alongside its existing London listing. Management said the determination is intended to summation stock liquidity, broaden the capitalist base, and amended entree to superior markets, portion the institution is presently conducting a related offering.

CFO Gabriel Papineau-Legris said Gulf Keystone views Oslo arsenic a earthy marketplace for lipid and state issuers, noting that Norwegian institutions and analysts already travel enactment successful the Kurdistan portion of Iraq. He added that 5 of the company’s 8 analysts are based astatine Norwegian banks and that Gulf Keystone regularly attends Oslo-based vigor conferences.

→ IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?

Papineau-Legris besides said the institution has enactment from large shareholders for the dual listing. According to management, 1 ample shareholder has agreed to underwrite the retail connection and volition transportation immoderate shares to assistance conscionable listing requirements, portion different shareholders person indicated enactment for further stock transfers implicit clip to summation the fig of shares listed successful Oslo. Management characterized Euronext Growth Oslo arsenic a archetypal step, with an volition to determination to the Oslo main database successful owed course.

CEO Jon Harris described Gulf Keystone arsenic a “pure-play” relation successful Kurdistan with a agelong operating past successful the region. He said the accumulation sharing declaration (PSC) was awarded successful 2007, the tract was discovered successful 2010, and archetypal commercialized accumulation began successful 2013.