Gulf Keystone Petroleum Ltd. Shaikan Payment Update (2526L)
30 September 2016 - 1:31AM
UK Regulatory
TIDMGKP
RNS Number : 2526L
Gulf Keystone Petroleum Ltd.
29 September 2016
Not for release, publication or distribution, directly or
indirectly, in whole or in part in or into the United States or any
jurisdiction other than the United Kingdom and Bermuda where to do
so would constitute a contravention of the relevant laws or
regulations of such jurisdiction. This announcement (and the
information contained herein) does not contain or constitute an
offer to sell or the solicitation of an offer to purchase, nor
shall there be any sale of securities in any jurisdiction where
such offer, solicitation or sale would constitute a contravention
of the relevant laws or regulations of such jurisdiction.
29 September 2016
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payment Update
Gulf Keystone confirms today that a gross payment of $15.0
million has been received from the Kurdistan Regional Government
("KRG") for Shaikan crude oil export sales in July 2016.
Gulf Keystone and the KRG's Ministry of Natural Resources
("MNR") continue to work towards agreeing the final form of the
May, June, and July 2016 invoices in parallel with the negotiation
and finalisation of the Second Amendment to the Shaikan Production
Sharing Contract ("Second Shaikan Amendment"), as per the Bilateral
Agreement between the Company and the MNR announced on 17 March
2016.
Following receipt of the payment, the Company's current cash
position is $79.6 million.
Enquiries:
Gulf Keystone Petroleum: +44 (0) 20 7514 1400
Jón Ferrier, CEO
Sami Zouari, CFO
Anastasia Vvedenskaya, Head
of Investor Relations +44 (0) 20 7514 1411
Celicourt Communications: +44(0) 20 7520 9266
Mark Antelme
Jimmy Lea
or visit: 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
and the operator of the Shaikan field with current production
capacity of 40,000 barrels of oil per day
-- Further information on Gulf Keystone is available on its website www.gulfkeystone.com
Disclaimer
This announcement contains certain forward-looking statements.
These statements are made by the Company's 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 uncertainties, including both economic
and business factors, underlying such forward-looking information.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKCDBPBKDCCB
(END) Dow Jones Newswires
September 29, 2016 11:31 ET (15:31 GMT)
Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart
From Apr 2024 to May 2024
Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart
From May 2023 to May 2024