KRG proposed amendment to payment terms
13 May 2021 Gulf Keystone Petroleum Ltd. (LSE: GKP)("Gulf Keystone", "GKP" or "the Company") KRG proposed amendment to payment terms Gulf Keystone, in line with other operators, has received a letter from the Kurdistan Regional Government ("KRG") proposing an amendment, starting with the March 2021 production invoice, to payment terms due to the ongoing challenges in Iraq with the COVID-19 pandemic. The KRG has noted that since the dated Brent price has remained consistently well above $50 per barrel, the monthly repayment of outstanding arrears will now be calculated as 20%