Gulf Keystone Petroleum Limited · LSE:GKP
Gulf Keystone Petroleum — Investor Presentation (October 2025)
11 slides from Gulf Keystone Petroleum's investor presentation, October 2025
Slide 1: Corporate presentation
Corporate presentation October 2025
Slide 2: Disclaimer
Disclaimer This proprietary presentation (the “Presentation”) has been prepared by Gulf Keystone Petroleum Limited (the “Company”). Under n o circumstances may this presentation be deemed to be an offer to sell, a solicitation to buy or a solicitation of an offer to buy securities of any kind in any
Slide 3: Gulf Keystone Petroleum at a glance
Gulf Keystone Petroleum at a glance A leading independent operator and producer in the Kurdistan Region of Iraq (KRI) Shaikan Field & key peer field locations Tawke International border DNO: 75%; Genel: 25% Oil pipelines ~41 kbopd 4 4 3 MMstb Sarsang Shaikan License HKN: 62%; ShaMaran: 18% Block Lic
Slide 4: Potential dual listing in Oslo
Potential dual listing in Oslo Targeting increased liquidity, investor following and capital markets access GKP share price performance vs KRI peers & Brent (2) ▪ Gulf Keystone is pursuing a potential dual P otential Oslo Exports restart listing in Oslo listing announcement announcements ▪ Applied t
Slide 5: Company highlights
Company highlights ▪ Long -life asset with ~30 years (1) of 2P reserve life and large 2C upside Operator of the giant Shaikan Field ▪ >145 MMstb produced since commercial production began 10+ years ago 1 – a world -class ▪ Low -cost production with Opex of ~$4/ bbl asset ▪ Strong team with operation
Slide 6: Path to future field development
Path to future field development Shaikan Field remains underdeveloped with opportunity for disciplined growth ▪ Prior to the closure of the ITP (1) in March Prior FDP components 2023, GKP had a Field Development Plan (“FDP”) in agreed form with the MNR (2) Jurassic reservoir expansion ▪ Focus on: ▪
Slide 7: Restart of Kurdistan crude exports
Restart of Kurdistan crude exports Historic agreements reached after ~2.5 years Pipeline export map Context Exports restart agreements ▪ Iraq -Türkiye Pipeline closed in March 2023 due to ▪ GKP announced signed agreements with the KRG (5) ICC (1) arbitration ruling in Iraq’s favour and FGI on 26 Sep
Slide 8: Restart of Kurdistan crude exports
Restart of Kurdistan crude exports Expected next steps & path to further upside Potential evolution of Shaikan realised prices (1) FGI recognition of industry and KRI Fiscal $/bbl PSCs for first time in 18 years through Kirkuk official selling price environment 70 example: $65/bbl signed Tripartite
Slide 9: Capital allocation & shareholder distributions
Capital allocation & shareholder distributions ▪ Proven track record of balancing Cumulative distributions since 2019 ($m) investment, shareholder returns and a Dividends Buybacks 50 535 strong balance sheet 45 215 25 ▪ Capital allocation in local sales: ▪ Essential investment focused on safety, 100
Slide 10: Why GKP?
Why GKP? 1 2 3 Operator of the Path to further Consistent strategy giant Shaikan Field – potential upside to drive a world -class asset following exports shareholder value restart 10
Slide 11: Thank you
Thank you More resources are available at: www.gulfkeystone.com
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