Gulf Keystone confirms that a further gross payment of $7.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil exports in April 2016, bringing the total payment received to date to $13.0 million gross.
In line with the bilateral agreement between Gulf Keystone and the KRG's Ministry of Natural Resources of 16 March 2016, the Company expects the balance to be paid shortly.
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