In the update published on 9 July, Gulf Keystone (GKP) announced sound operational performance and an improving situation with payments. Production has been consistently high, with rates of over 40mb/d achieved in June. On the key question of payments and offtake, GKP has received a second payment from the recently announced domestic contract, taking cash received to $11.6m (gross). Additionally, the company expects to start trucking to Fyshkhabour for injection into the export pipeline to Ce
09 Jul 2015
Payments situation improving
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Payments situation improving
Gulf Keystone Petroleum Limited (GKP:LON) | 114 1.5 1.2% | Mkt Cap: 252.9m
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09 Jul 2015 - Author:
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In the update published on 9 July, Gulf Keystone (GKP) announced sound operational performance and an improving situation with payments. Production has been consistently high, with rates of over 40mb/d achieved in June. On the key question of payments and offtake, GKP has received a second payment from the recently announced domestic contract, taking cash received to $11.6m (gross). Additionally, the company expects to start trucking to Fyshkhabour for injection into the export pipeline to Ce