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Looking Forward
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The recent signing of the Block 9 Export Oil Sales Agreement with SOMO puts
in place a mechanism for Kuwait Energy’s first receivable in Iraq due in mid
2016
Faihaa 2 well in Block 9 was spud on the 3
rd
of January 2016 and is expected to
produce mid-2016
Complete Siba Gas Plant’s EPC work to commence production start-up
In Yemen, Kuwait Energy continues to monitor the complex geopolitical
situation and is looking to commence production as soon as possible
Kuwait Energy continues to explore various options to create a liquidity events
for its shareholders