Shaikan Payments Update (1428541)
25 August 2022 - 11:40PM
UK Regulatory
Gulf Keystone Petroleum Ltd (GKP) Shaikan Payments Update
25-Aug-2022 / 14:40 GMT/BST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
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25 August 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payments Update
Gulf Keystone confirms that a gross payment of USD56.1 million
(USD43.9 million net to GKP) has been received from the Kurdistan
Regional Government ("KRG"). The payment is comprised of gross
USD58.2 million (USD45.5 million net to GKP) for Shaikan crude oil
sales during May 2022 and a gross adjustment of USD2.1 million
(USD1.6 million net to GKP) related to a backdated pipeline tariff
increase for 2021.
Enquiries:
Gulf Keystone: +44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations aclark@gulfkeystone.com
FTI Consulting +44 (0) 20 3727 1000
Ben Brewerton
GKP@fticonsulting.com
Nick Hennis
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. Further
information on Gulf Keystone is available on its website
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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ISIN: BMG4209G2077
Category Code: MSCM
TIDM: GKP
LEI Code: 213800QTAQOSSTNTPO15
Sequence No.: 183934
EQS News ID: 1428541
End of Announcement EQS News Service
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