Gulf Keystone Petroleum Gets $15 Million for Oct Oil Exports
January 23 2017 - 5:52AM
Dow Jones News
By Philip Waller
LONDON--Gulf Keystone Petroleum Ltd. (GKP.LN) Monday, an oil
producer in Iraqi Kurdistan, said it has received $15 million from
the Kurdistan Regional Government for oil sales made in
October.
The group, which produces 40,000 barrels of oil a day from its
Shaikan field in the semi-autonomous region of Iraq, said it has
$106.1 million of cash following receipt of the payment.
Last month, shares in Gulf Keystone rose following reports that
Chinese oil major Sinopec was considering acquiring it. Neither
firm commented on the speculation.
At 0939 GMT, shares in Gulf Keystone were up 3.75 pence, or
2.9%, at 133.5 pence.
-Write to Philip Waller at philip.waller@wsj.com
(END) Dow Jones Newswires
January 23, 2017 05:37 ET (10:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart
From Apr 2023 to Apr 2024
