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LONDON, Aug 27 (Reuters) - Gulf Keystone Petroleum,one of a handful of foreign oil producers in Iraqi Kurdistan,said on Thursday it was owed $283 million for oil sales andother costs from the Kurdistan Regional Government.
The company posted a $77.7 million loss in the first half ofthe year and held $63.9 million in cash, but more than half ofthat was needed to pay off its debt, it said.
"Gulf Keystone are cautiously optimistic about the future,"Chief Executive Jon Ferrier said in a statement.
Its Shaikan oil field was expected to hit a full-yearaverage production target of 30,000-34,000 barrels per day, thecompany said. (Reporting by Karolin Schaps; editing by Jason Neely)
