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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.98
0.07 (1.79%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Mol Magyar Olay Es Gazipari Rt (PK) USOTC:MGYOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.07 1.79% 3.98 3.71 4.10 3.99 3.88 3.89 12,929 21:10:15

Gulf Keystone Petroleum Paid $12 Million By Kurdistan Government

15/10/2015 8:15am

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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By Alex MacDonald

 

LONDON--Gulf Keystone Petroleum Ltd. (GKP.LN) said Thursday it has received $12 million out of the $15 million paid by the Kurdistan government of Iraq for crude oil from the Shaikan oil field.

This is the second consecutive monthly payment that the regional government has made for crude oil from the field since announcing in August that it would resume back payments for oil exports from the region.

Gulf Keystone is the field operator with a 75% stake while MOL Hungarian Oil and Gas PLC (MOL.BU) has a 20% stake and Texas Keystone Inc. a 5% stake.

Following the payment, the Gulf Keystone's current cash position is $76.2 million. Gulf Keystone said it's in the process of making interest payments of $26.4 million.

 

-Write to Alex MacDonald at alex.macdonald@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

October 15, 2015 03:00 ET (07:00 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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