Gulf Keystone Petroleum Ltd. Shaikan Payment Update (1430O)
28 Maggio 2020 - 08:03AM
UK Regulatory
TIDMGKP
RNS Number : 1430O
Gulf Keystone Petroleum Ltd.
28 May 2020
28 May 2020
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payment Update
Gulf Keystone notes the recent announcements from international
oil companies operating in the Kurdistan Region of Iraq regarding
the payment for crude oil sales during April 2020. The Company
confirms that it has submitted an invoice to the Kurdistan Regional
Government ("KRG") for a nil amount as the monthly average Dated
Brent price in April was below the Shaikan crude discount.
Following the increase in the Dated Brent price over recent
weeks, the invoice to be submitted for crude oil sales during May
2020 will return to a positive amount.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries:
Celicourt Communications: + 44(0) 20 8434 2754
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. 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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