Half Year Results 

Gulf Keystone to accelerate Shaikan upgrade

Gulf Keystone to accelerate Shaikan upgrade

In our take on Gulf Keystone Petroleum’s (GKP) full-year numbers, we made three observations. The first – that reliable payments are helping to build a strong cash buffer – remains true. On the eve of half-year results, and following a post-period bond refinancing, the group’s net cash stood at $140m (£108m). Market and management sentiment have both improved, and plans to develop the Shaikan field have been fast-tracked.

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