11.12.2024 08:00:05
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Operational & Corporate Update
Gulf Keystone Petroleum Ltd (GKP)
11 December 2024
Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP”, “the Group” or “the Company”)
Operational & Corporate Update
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“Kurdistan”), today provides an operational and corporate update.
Jon Harris, Gulf Keystone’s Chief Executive Officer, said: “2024 has been a positive year for Gulf Keystone, characterised by excellent safety performance and strong operational and financial delivery, despite the challenging operating environment. Our success in returning to consistently strong production levels while maintaining capital and cost discipline has enabled us to generate free cash flow from the local sales market in Kurdistan, facilitating the restart of shareholder distributions and the preservation of our debt-free balance sheet. Looking ahead, we remain focused on maximising shareholder value from local sales, with a sustained commitment to capital and cost control while safely maintaining the production capacity of the Shaikan Field. We also continue to engage with government stakeholders, as a company and industry, to unlock an exports restart solution.”
Operational
Financial
Outlook
Enquiries:
or visit: www.gulfkeystone.com
Notes to Editors: Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website www.gulfkeystone.com
Disclaimer
This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business. These statements are made by the Company and its Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent risks and uncertainties, including both economic and business factors and/or factors beyond the Company's control or within the Company's control where, for example, the Company decides on a change of plan or strategy. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose. Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | BMG4209G2077 |
Category Code: | MSCM |
TIDM: | GKP |
LEI Code: | 213800QTAQOSSTNTPO15 |
Sequence No.: | 364336 |
EQS News ID: | 2048429 |
End of Announcement | EQS News Service |
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Gulf Keystone Petroleum Limited Registered Shs | 1,58 | -12,64% |
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