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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Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1428541&application_name=news

 

(END) Dow Jones Newswires

August 25, 2022 09:40 ET (13:40 GMT)

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