About
History
February 2026
Completion of dual listing on Euronext Growth Oslo operated by the Oslo Stock Exchange
December 2025
First payment for exports sales received by the Company, in line with the interim agreements
November 2025
First lifting of Kurdistan crude exports allocated to the Company and other IOCs
September 2025
Restart of Kurdistan and Shaikan Field pipeline exports
August 2025
Investment decision taken on installation of water handling facilities at PF-2
May 2024
Restart of shareholder distributions with initiation of $10 million share buyback programme
January-March 2024
Ramp up of Shaikan Field production as local market demand strengthens
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 payableOctober 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 2023June 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 AGMMay 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 liquidityMarch 2023
Payment of $25 million interim dividend
Iraq-Turkey Pipeline closure and suspension of Shaikan Field exportsFebruary 2023
Kurdistan and Shaikan Field exports suspended for c.24 hours following earthquakes in Turkey
SH-17 brought online under budget and ahead of scheduleDecember 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 freeJuly 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 dividendFebruary 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 launchedJuly 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 Türkiye by truck
July 2013
Commercial production commences
August 2012
Declaration of commerciality
November 2010
First domestic sales
April 2009
Shaikan 1 discovery
November 2007
Shaikan PSC awarded