Business
Payment and Operational Update
Payment and Operational Update.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 8488N Gulf Keystone Petroleum Ltd. 14 August 2017 \n\n \n \n \n \nAugust 14, 2017\nGulf Keystone Petroleum Ltd. (LSE: GKP)\n(\"Gulf Keystone\", \"GKP\" or \"the Company\")\n \nPayment and Operational Update\n \nGulf Keystone confirms that it has been notified by the Kurdistan Regional Government that a gross payment of $15.0 million ($12.0 million net to GKP) has been authorised for Shaikan crude oil export sales for April 2017. Gulf Keystone will make a further announcement confirming receipt of payment.\n \nOn August 8th, cumulative production from the Shaikan field reached 40 million barrels; another important milestone for the Company. The Shaikan Field continues to perform in line with expectations with an average daily production of 36,671 barrels of oil per day during the first half of 2017. Gulf Keystone remains on course to achieve its previous gross production guidance of between 32,000 - 38,000 bopd for the full year. \n \n \nCommenting on today's announcement, CEO, Jón Ferrier, said:\n \n\"Safe and reliable operations remains a strategic priority and we continue to be strongly encouraged by the stable performance of the Shaikan Field during 2017. I am also pleased to report that GKP recently achieved two years with no Lost-time-incidents (\"LTI\"), a testament to the quality of our field operations.\"\n \n \nThe information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.\n \n \nEnquiries:\n \n\n\n\n\nGulf Keystone Petroleum:\n\n\n+44 (0) 20 7514 1400\n\n\n\n\nJón Ferrier, CEO\n\n\n\n\n\n\n\nSami Zouari, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCelicourt Communications:\n\n\n+44(0) 20 7520 9266\n\n\n\n\nMark Antelme\nJimmy Lea\n\n\n\n\n\n\n\n \n \nor visit: www.gulfkeystone.com \n \n \nNotes to Editors:\n \n· Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq and the operator of the Shaikan field with current production capacity of 40,000 barrels of oil per day\n· Further information on Gulf Keystone is available on its website www.gulfkeystone.com\n&n...