Gulf Keystone Petroleum Ltd. Shaikan Payment Update (3583D)
28 Giugno 2021 - 2:55PM
UK Regulatory
TIDMGKP
RNS Number : 3583D
Gulf Keystone Petroleum Ltd.
28 June 2021
28 June 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payment Update
Gulf Keystone confirms that a gross payment of $35.1 million
($27.4 million net to GKP) has been received from the Kurdistan
Regional Government ("KRG").
The payment includes gross $27.0 million ($21.1 million net) for
Shaikan crude oil sales during April 2021. It also includes gross
$4.2 million ($3.3 million net) for the March 2021 arrears payment
and gross $3.9 million ($3.0 million net) for the April 2021
arrears payment, calculated based on the KRG's proposed amendment
to arrears repayment terms as announced on 13 May 2021. The Company
continues to engage with the KRG on this proposal.
Following receipt of the arrears payments, the current
outstanding balance is $58.9 million net to GKP.
This announcement contains inside information for the purposes
of the UK Market Abuse Regime.
Enquiries:
Gulf Keystone: +44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations aclark@gulfkeystone.com
Celicourt Communications: +44 (0) 20 8434 2754
Mark Antelme GKP@Celicourt.uk
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.
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END
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