Full Year Results 

Gulf Keystone awaits contractual clarity

Gulf Keystone awaits contractual clarity

What’s this, a full-year profit for Gulf Keystone Petroleum (GKP)? For the first time since entering Kurdistan, the struggling driller’s bottom line is painted black, thanks in large part to much lower finance costs. In turn, Gulf is starting to build something approaching a cash buffer, having increased bank deposits to $203m (£143m), against $100m of debt, on the eve of these results’ publication.

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