Gulf Keystone Petroleum Paid $12 Million By Kurdistan Government
02 December 2015 - 11:39PM
Dow Jones News
LONDON--Gulf Keystone Petroleum Ltd. (GKP.LN) said Wednesday it
has received $12 million out of the $15 million paid by the
Kurdistan government of Iraq for crude oil from the Shaikan oil
field.
The payment satisfies the company's invoice for the month of
November. Following the payment, the company's cash position will
be $54.6 million.
Gulf Keystone is the field operator with a 75% stake while MOL
Hungarian Oil and Gas PLC (MOL.BU) has a 20% stake and Texas
Keystone Inc. a 5% stake.
Shares at 1206 GMT trading 2.5% lower at 19 pence each.
Write to Tapan Panchal at tapan.panchal@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
December 02, 2015 07:24 ET (12:24 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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