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IN BRIEF: Gulf Keystone Petroleum nets USD29.5 million for June sales

Fri, 03rd Sep 2021 10:20

Gulf Keystone Petroleum Ltd - operator and producer in the Kurdistan Region of Iraq - Says gross payment of USD37.6 million was received from the Kurdistan regional government for crude oil sales during June. Of this amount, USD29.5 million is net to Gulf Keystone.

A gross amount of USD6.0 million was collected in relation to the arrears from the outstanding November 2019 to February 2020 invoices.

The current outstanding arrears balances is USD50.1 million net to Gulf Keystone.

Current stock price: 184.47 pence, up 4.3%

Year-to-date change: up 51%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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