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REG - Gulf Keystone Petrol - Shaikan Payments Update

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RNS Number : 6818M  Gulf Keystone Petroleum Ltd.  25 May 2022

 

25 May 2022

 

 

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

 

Shaikan Payments Update

 

 

Gulf Keystone confirms that a gross payment of $55.8 million ($43.7 million
net to GKP) has been received from the Kurdistan Regional Government ("KRG").
The payment is comprised of gross $45.1 million ($35.3 million net to GKP) for
Shaikan crude oil sales during February 2022 and gross $10.7 million ($8.4
million net to GKP) in relation to the arrears from the outstanding February
2020 invoice.

 

The arrears related to the November 2019 to February 2020 invoices have now
been fully recovered.

 

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regime.

 

Enquiries:

 Gulf Keystone:                           +44 (0) 20 7514 1400
 Aaron Clark, Head of Investor Relations  aclark@gulfkeystone.com (mailto:aclark@gulfkeystone.com)

 Celicourt Communications:                +44 (0) 20 8434 2754
 Mark Antelme                             GKP@Celicourt.uk (mailto:GKP@Celicourt.uk)

 Jimmy Lea

 

or visit: www.gulfkeystone.com (http://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. Further information on Gulf Keystone
is available on its website www.gulfkeystone.com
(http://www.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.

 

 

 

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