GKP Confirms Latest Shaikan Payment

By John Lee.

Following yesterday’s gain of 55 percent on the announcement of a possible takeover, shares in Gulf Keystone Petroleum (GKP) were down 7 percent on Thursday morning.

The company has confirmed receipt into its bank account of a further US$26 million [30 billion Iraqi dinars] gross payment (US$20.8 million net to Gulf Keystone) constituting a pre-payment from a third party buyer for future Shaikan crude oil sales.

(Source: GKP)

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