Gulf Keystone confirms that a gross payment of $23.1 million ($17.8 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during January 2018.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
Gulf Keystone Petroleum:
+44 (0) 20 7514 1400
Jón Ferrier, CEO
Sami Zouari, CFO
Celicourt Communications:
+44(0) 20 7520 9266
Mark Antelme
Jimmy Lea
or visit:www.gulfkeystone.com
Notes to Editors:
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq and the operator of the Shaikan field with current production capacity of 40,000 barrels of oil per day.
Further information on Gulf Keystone is available on its websitewww.gulfkeystone.com
Disclaimer
This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business. These statements are made by the Company and its Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent risks and uncertainties, including both economic and business factors and/or factors beyond the Company's control or within the Company's control where, for example, the Company decides on a change of plan or strategy. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.
This information is provided by RNS
The company news service from the London Stock Exchange
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Gulf Keystone Petroleum Ltd. published this content on 17 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 April 2018 06:36:01 UTC
Gulf Keystone Petroleum Limited is a holding company, which is engaged in oil and gas exploration, development and production. The Company operates in the Kurdistan Region of Iraq. The Company is the operator of the Shaikan Field, situated around 60 kilometers to the north-west of Erbil, the city in the Kurdistan Region of Iraq, and covering an area of 280 square kilometers (km2). The Company has a Production Sharing Contract with the Kurdistan Regional Government and has an 80% working interest in the Shaikan license. The Company's subsidiaries include Gulf Keystone Petroleum (UK) Limited and Gulf Keystone Petroleum International Limited. Gulf Keystone Petroleum (UK) Limited is engaged in management, support, geological, geophysical and engineering services. Gulf Keystone Petroleum International Limited is focused on exploration, evaluation, development and production activities in Kurdistan.