London-listed Gulf Keystone Petroleum falls on Shaikan output hit

Gulf Keystone Petroleum

23/05/2023 08:25

** Shares of Gulf Keystone Petroleum Ltd  GKP.L  down 4% to
125.4p, stock among top pct losers across London shares
    ** Co says suspension of exports from Shaikan Field resulted
in a gross output deferment to date of around 2.9 mln barrels or
about 8,000 barrels of oil/day on full-year basis
    ** Production from Shaikan remained suspended following
shut-in of Iraq-Turkey pipeline on March 25
    ** Co says it continues to seek clarity from Kurdistan
government on when consistent monthly oil sales payments will 
resume and when current overdue of $128 million will be paid
    ** Co says its board will resume dividend payments once
regular payments from Kurdistan government resume
    ** Stock hits lowest level since Feb. 1, 2021
    ** Including session's losses, stock down about 37% YTD

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))