RE: 25 mill28 Aug 2025 07:22
The outlook for the Company’s net entitlement assumes effective receipt of the cost oil portion of the outstanding October 2022 to March 2023 receivable balance due from the KRG to the Shaikan Contractor, which totalled $150.5 million as at 30 June 2025 (or on a net basis to GKP $120.4 million). Effective recovery of the receivable cost oil is expected to occur with regular payment from either local or export sales. Recovery is expected to effectively lead to a corresponding reduction in the net receivable balance due from the KRG. $30.7 million of profit oil (net to GKP after CBP deduction) is also expected to be fully repaid by the KRG as part of a repayment mechanism."