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Share Price: 134.00

Bid: 133.80

Ask: 134.30

Change: 3.50 (2.68%)

Spread: 0.50 (0.374%)

Open: 134.70

High: 134.70

Low: 130.20

Prev. Close: 130.50

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Gulf Keystone Receives USD8.6 Million For November Oil Sales

Tue, 29th Dec 2020 14:06

(Alliance News) - Gulf Keystone Petroleum Ltd on Tuesday said the Kurdistan regional government made a gross payment of USD10.9 million for crude oil sales from the Shaikan asset during November.

The Iraq focused oil producer said the payment net to Gulf Keystone was USD8.6 million.

The gross payment was 14% higher than the USD9.6 million gross payment received for Shaikan oil sales in October.

The Shaikan oil field is 80% owned by Gulf Keystone, and it has been in production since July 2013.

Shares in Gulf Keystone were up 3.0% at 122.40 pence in London on Tuesday.

By Zoe Wickens; zoewickens@alliancenews.com

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Gulf Keystone Receives USD8.6 Million For November Oil Sales

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