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(Alliance News) - Gulf Keystone Petroleum Ltd said Wednesday that the company and its partners received a USD21.5 million payment for July oil sales from the Kurdistan regional government for the Shaikan field in Iraq.
The USD21.5 million gross payment will results in net proceeds of USD16.8 million for Gulf Keystone.
In 2018, Gulf Keystone reported USD79.7 million pretax profit on revenue of USD250.6 million.
Shares in Gulf Keystone were 1.4% lower at 200.74 pence in London on Wednesday.
By Ahren Lester; ahrenlester@alliancenews.com
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