Gulf Keystone up on Shaikan local sales volumes offsetting costs

Gulf Keystone Petroleum

25/09/2023 08:42

** Shares of Gulf Keystone Petroleum  GKP.L  gain as much as
13.3% at 113.3p  
    ** The Kurdistan- focused oil producer says local sales
volumes and realized prices from Shaikan field more than cover
estimated monthly costs of around $6 million in H2 2023
    ** Says gross average monthly local sales of Shaikan crude
oil at 28,800 bopd to date in September 
    ** GKP however, remains uncertain of continuity of local
sales     
    ** Among top pct gainers across all London shares 
    ** Stock down ~44% YTD 




 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))