SH-18

2023 AGM, Operational & Corporate Update

Retrieved on: 
Friday, June 16, 2023

Ahead of today's 2023 Annual General Meeting ("AGM"), Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, provides an operational and corporate update.

Key Points: 
  • Ahead of today's 2023 Annual General Meeting ("AGM"), Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, provides an operational and corporate update.
  • Jon Harris, Gulf Keystone's Chief Executive Officer, said:
    “Gulf Keystone entered 2023 following a year of strong operational and financial performance and continued delivery against the Company’s disciplined strategy of investing in profitable production growth, sustainable shareholder returns and maintaining a strong balance sheet.
  • Following the suspension of Kurdistan crude exports on 25 March 2023 and continued delays to oil sales payments, our focus has shifted to aggressively reducing all costs to preserve liquidity, while maintaining safe operational readiness to quickly restart production.
  • A recording of the presentation will also be available to view on the same page later in the day following the conclusion of the AGM.

Operational & Corporate Update

Retrieved on: 
Friday, April 28, 2023

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“KRI” or “Kurdistan”), is today providing an update on operational and corporate activity and 2023 guidance following the shut-in of the Iraq-Turkey pipeline on 25 March 2023.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“KRI” or “Kurdistan”), is today providing an update on operational and corporate activity and 2023 guidance following the shut-in of the Iraq-Turkey pipeline on 25 March 2023.
  • Jon Harris, Gulf Keystone's Chief Executive Officer, said:
    “Gulf Keystone was on track to deliver another year of strong profitable production growth and robust cash flow generation until the Iraq-Turkey pipeline arbitration award resulted in the suspension of pipeline exports.
  • March production prior to the pipeline suspension averaged c.53,700 bopd with plans to bring on SH-18 in Q2 2023 and ongoing facilities expansion activities.
  • 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

Operational & Corporate Update

Retrieved on: 
Thursday, February 2, 2023

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“KRI” or “Kurdistan”), today provides an operational and corporate update.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“KRI” or “Kurdistan”), today provides an operational and corporate update.
  • The information contained in this announcement has not been audited and may be subject to further review.
  • Deloitte LLP will undertake the audit of the Company for the financial year ending 31 December 2022.
  • An updated corporate presentation will be made available today on the Company’s website on the Presentations page.