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Gulf Keystone on track in Iraq
Aim-listed Gulf Keystone Petroleum yesterday said its wells in the Kurdistan region of Iraq were on course, and that one of its oil deposits is five to ten per cent larger than first thought. The company said it would have more information on the Shaikan-4 appraisal well after further tests. However, the firm’s shares fell more than four per cent, ahead of its annual shareholder meeting where all resolutions were passed.