Receipt of first top-up cargo payment

Summary by AI BETAClose X

Gulf Keystone received $16.5 million net for the first top-up cargo lifted in October 2026, reconciling export sales for September–December 2025 and recovering $16.5m of the $31.3m net top-up receivable (≈52.7% recovered). The Company expects payment for the remaining Q4 2025 top-up cargos by the end of November 2026, which it forecasts will recover the outstanding balance, and continues to receive interim cargos and payments for current production. Cash was $66.0 million as at 6 November 2026, excluding net proceeds from a $175 million bond expected to settle on 10 November 2026.

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