Iraqi Kurdistan-focused Gulf Keystone Petroleum (GUKYF, GFKSY) presented its 2018 results on March 28. Compared to 2017, the figures improved substantially, both on the P&L and the cash flow statement. In the previous years, the firm faced times of skyrocketed share price, then slump and painful recovery. Now it appears that investor sentiment has started to revive after the firm declared its first dividend to be paid in 2019 and shed light on a massive development program in the Shaikan oilfield in Kurdistan that would drive production, revenue, and, possibly, valuation higher