• December 2023

    Confirmed target to maintain net capital expenditures, operating costs and G&A monthly run rate at or below c.$6 million into 2024
    Exited year with $82 million of cash and no debt, demonstrating benefit of expenditure discipline and management of accounts payable

  • October 2023

    Strong gross average sales volumes of 37,173 bopd, with sales and production surpassing 40,000 bopd on several days

  • July 2023

    Commencement of Shaikan crude oil sales to local market following extensive buyer due diligence
    Net capital expenditures, operating costs and G&A monthly run rate lowered to less than $6 million for H2 2023

  • June 2023

    Drilling rig released following completion and hook-up of SH-18.
    Appointment of Martin Angle as Non-Executive Chairman following retirement of Jaap Huijskes at 2023 AGM

  • May 2023

    Cancellation of final 2022 ordinary dividend of $25 million to preserve liquidity. As the operating environment and the Company’s liquidity position improve, we will keep under review our capability to reinstate distributions

  • April 2023

    Full shut-in of Shaikan Field following production at curtailed rates into storage
    GKP suspends all expansion activity and targets cost reductions to preserve liquidity

  • March 2023

    Payment of $25 million interim dividend
    Iraq-Turkey Pipeline closure and suspension of Shaikan Field exports

  • February 2023

    Kurdistan and Shaikan Field exports suspended for c.24 hours following earthquakes in Turkey
    SH-17 brought online under budget and ahead of schedule

  • December 2022

    SH-16 brought online on schedule and on budget

  • November 2022

    SH-17 spud

  • October 2022

    Payment of $25 million interim dividend

  • August 2022

    SH-16 spud
    $100 million bond redeemed, leaving GKP debt free

  • July 2022

    Payment of ordinary and special dividends totalling $75 million

  • April 2022

    SH-15 brought online after drilling in record time
    Payment of $65 million interim dividend

  • February 2022

    Payment of $50 million interim dividend

  • November 2021

    Submission of draft Shaikan Field Development Plan to the Ministry of Natural Resources

  • October 2021

    Payment of $50 million interim dividend

  • August 2021

    Payment of $25 million special dividend

  • July 2021

    Payment of $25 million annual ordinary dividend

  • June 2021

    Resumption of drilling activities

  • March 2021

    Reinstatement of annual dividend policy of at least $25 million

  • March 2020

    Suspension of drilling activities due to COVID-19

  • December 2019

    PF-1 tied in to export pipeline
    Second $25m share buyback programme launched

  • July 2019

    Commenced $25m share buyback programme

  • May 2019

    Revised FDP submitted to the MNR

  • March 2019

    First dividend declared

  • February 2019

    Crude oil sales agreement renewed

  • October 2018

    Revised FDP submitted to MNR

  • July 2018

    PF-2 tied in to export pipeline

  • July 2018

    $100 million bond refinanced

  • June 2018

    Expansion to 55,000 bopd initiated

  • January 2018

    First crude oil sales agreement signed

  • October 2016

    Completion of restructuring

  • September 2015

    Start of regular monthly export payments

  • December 2014

    40,000 bopd production first achieved

  • December 2013

    Oil exports to Turkey by trucks

  • January – June 2013

    Commercial production commences

  • August 2012

    Declaration of commerciality

  • November 2010

    First domestic sales

  • April 2009

    Shaikan 1 discovery

  • November 2007

    Shaikan PSC awarded