Today’s announcement that Gulf Keystone Petroleum (GKP) has been paid for the second month running is good news for all concerned. GKP gets much-needed revenues and a second payment starts to give Kurdistan companies (and investors) a taste that these payments could be the start of regular, reliable cash flows. We note Genel and DNO have yet to announce payments themselves, but would be surprised not to see these in the near future.
15 Oct 2015
Two payments in two months
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Two payments in two months
Gulf Keystone Petroleum Limited (GKP:LON) | 110 -0.4 (-0.4%) | Mkt Cap: 245.7m
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15 Oct 2015 - Author:
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Today’s announcement that Gulf Keystone Petroleum (GKP) has been paid for the second month running is good news for all concerned. GKP gets much-needed revenues and a second payment starts to give Kurdistan companies (and investors) a taste that these payments could be the start of regular, reliable cash flows. We note Genel and DNO have yet to announce payments themselves, but would be surprised not to see these in the near future.