2026 AGM Operational & Corporate Update

Summary by AI BETAClose X

Gulf Keystone Petroleum Limited provided an operational and corporate update ahead of its 2026 AGM, reporting a strong safety record and a $12.5 million dividend paid in April 2026. The Shaikan Field remains offline due to security concerns, prompting a nearly 50% reduction in monthly cash burn by suspending most capital projects while maintaining readiness to restart production. The company holds $66 million in cash as of June 18, 2026, with ongoing recovery of receivables. Encouraging regional security developments are noted, and Gulf Keystone is working with authorities to safely resume production and pursue sustainable export sales at international prices.

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