Gulf Keystone receives Shaikan payment

Gulf Keystone has confirmed that a gross payment of $15.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil export sales in September.

Gulf Keystone and the KRG’s Ministry of Natural Resources continue to work towards agreeing the final form of the invoices for May to September. Following receipt of the payment, the company’s current cash position is $104.5 million.

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