|Bid||194.40 x 0|
|Ask||194.80 x 0|
|Day's Range||192.60 - 199.00|
|52 Week Range||67.00 - 202.50|
|Beta (5Y Monthly)||2.08|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 01, 2021 - Sep 06, 2021|
|Forward Dividend & Yield||0.08 (4.75%)|
|Ex-Dividend Date||Jul 29, 2021|
|1y Target Est||N/A|
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Todd Kozel could sense the opportunity as he arrived in Erbil for a visit in 2006. Miles of unexplored territory lay waiting as Kurdistan opened up its oil industry in the post-Saddam era. The affable American was chief executive of Gulf Keystone Petroleum (GKP), which would go on to discover and develop one of the region’s richest oilfields. The opportunities would turn GKP into a favourite of retail investors and Kozel into a very wealthy man. He would earn $66m (£47m) during his final years at the top, helping to fund his sports car habit. Investor concerns over Kozel’s remuneration and repeated governance controversies dogged GKP. But in 2014 it graduated from the rough-and-tumble of Aim to join the grown-ups on the main market. At the same time Kozel stepped down and GKP’s directors hoped a calmer atmosphere would prevail. Yet seven years later Kozel, now 54, continues to cast a shadow over the company. This summer he faces a potential jail sentence in New York after pleading guilty to failing to file personal tax returns including on his earnings as GKP chief executive. Now an investigation by The Sunday Telegraph and OCCRP investigative journalism group has uncovered a secret deal struck by Kozel in Kurdistan that has prompted renewed calls for a corruption investigation. GKP agreed to funnel a 10th of its profits from a crucial oilfield to a company controlled by a senior politician. Investors were not told and the oilfield, Shaikan, is today GKP’s main asset.