Gulf Keystone Petroleum Ltd. Shaikan Payments Update (3306X)
January 04 2022 - 3:01AM
UK Regulatory
TIDMGKP
RNS Number : 3306X
Gulf Keystone Petroleum Ltd.
04 January 2022
4 January 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payments Update
Gulf Keystone confirms that it has received aggregate gross
payments for the combined September 2021 and October 2021 crude oil
sales and arrears payments of $89.0 million ($69.7 million net to
GKP) from the Kurdistan Regional Government ("KRG").
The September gross payment of $37.8 million ($29.6 million net
to GKP) is comprised of gross $31.6 million ($24.7 million net) for
Shaikan crude oil sales and gross $6.2 million ($4.8 million net)
in relation to the arrears from the outstanding December 2019 to
February 2020 invoices.
The October gross payment of $51.2 million ($40.1 million net to
GKP) is comprised of gross $41.6 million ($32.6 million net) for
Shaikan crude oil sales and gross $9.6 million ($7.5 million net)
in relation to the arrears from the outstanding December 2019 to
February 2020 invoices.
Following receipt of the arrears payments, the current
outstanding arrears balance is $28.6 million net to GKP related to
the January and February 2020 invoices.
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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