Kurdistan-focused Gulf Keystone slips on going concern doubts

Gulf Keystone Petroleum

31/08/2023 08:11

** Shares of Gulf Keystone Petroleum  GKP.L  fall 3.4% to
99.7p, among top pct losers across all London shares 
    ** Iraqi Kurdistan-focused oil firm flags going concern
doubts amid prolonged closure of Iraq-Turkey pipeline and delays
in Kurdistan Regional Government's payments
    ** Co cuts 55% of its expat workforce; adds, further job
cuts under review 
    ** Nearly three-fourths of 349 employees locals from
Kurdistan    
    ** Trims annual capex forecast 
    ** Up to last close, stock fell ~49% this year 


    
   

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