Gulf Keystone confirms US$15mln Kurdistan payment
It has now received a total of US$86mln in payments for oil export sales from the Shaikan field since December 2014.
Company
LON:GKP
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.
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It has now received a total of US$86mln in payments for oil export sales from the Shaikan field since December 2014.
Below are the main news-driven share price movements at 1pm.
Archive
The outlook isn't particularly clever for shares in Gulf Keystone Petroleum, according to our resident soothsayer.
In August and September, the KRG confirmed it would start payments to oil companies.
A new assessment reveals Shaikan can yield more reserves, and that costs can be lower
Archive
Oil prices firmed up midweek after slipping earlier in the day due to the news of an unexpectedly big stockpile of US crude.
The week's oil and gas highlights included LGO Energy, 88 Energy, Mosman, President Energy, VOG, Gulf Keystone, Tethys Petroleum
GKP told investors it now has some US$73mln of cash
The payment was part of US$30m for the partners in the Taq Taq field in Kurdistan.
It is the first of what are expected to be regular payments from Kurdistan