Gulf Keystone Petroleum (GB:GKP) has released an update.
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Gulf Keystone Petroleum Ltd. has announced a generous $20 million interim dividend and an upcoming share buyback program of up to $10 million, signaling a robust financial position and commitment to rewarding shareholders. Despite challenges in the local sales environment, the company is seeing stable production and cash flow from its operations in the Kurdistan Region of Iraq. These strategic financial decisions come as part of Gulf Keystone’s updated approach to enhance investor returns and optimize capital structure.
For further insights into GB:GKP stock, check out TipRanks’ Stock Analysis page.
