KUWAIT ENERGY PLC
NOTES TO THE CONDENSED SET OF FINANCIAL STATEMENTS
For the six month period ended 30 June 2017
CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS
Contingent liabilities - letters of guarantee
Agreement to purchase shares
Capital commitments includes committed seismic expenditures, exploration and development well drilling as specified
in the exploration and development licences.
Management applies judgement to determine the disclosure of speculative, meritless and frivolous claims. For such
claims, disclosure is provided only if the existence of a possible obligation will be confirmed by the occurrence or non-
occurrence of one or more uncertain future events that are not wholly within the control of the entity.
In September 2017 the Group completed the farm-out transaction to assign a 25% interest in Abu Sennan in Egypt,
which was classified as an asset held for sale as at 30 June 2017 (note 10).