CORRECTED-UPDATE 2-Iraqi Kurdistan-focused oil shares hit by IS advance
(Corrects units to barrels per day in paragraph 8)
* Islamic State advance raises fears for Kurdistan oilfields
* DNO Petroleum shares down as much as 24 percent
* Gulf Keystone Petroleum down as much as 13 percent
By David Sheppard
LONDON, Aug 7 (Reuters) - Shares in energy companies operating in Iraqi Kurdistan plummeted on Thursday after Islamic State militants advanced closer to oilfields in the semi-autonomous region.
Oil producers, including Oslo-listed DNO Petroleum and London-listed Gulf Keystone Petroleum saw double-digit declines in their share prices as the radical Sunni militants seized at least three more towns near Kurdish-controlled territory.
While the firms said their Kurdish fields continued to operate, there are growing concerns about the security risks faced by firms active in Iraqi Kurdistan, seen as a beacon of relative stability in the region.
Shares in Oslo-listed oil producer DNO fell up to 24 percent and London-listed Gulf Keystone Petroleum was down 13 percent at their lowest point on Thursday, before paring losses. Continued...