Gulf Keystone Petroleum posts a pre-tax loss of $59.6m for the six months to the end of June - down from $77.2m a year ago.
Revenues rose to $102.1m from $30.1m last time.
Chief executive Jón Ferrier said: "Upon completion of the Restructuring we will be able to effectively relaunch Gulf Keystone. We will benefit from an enhanced balance sheet, a well understood field which continues to perform above expectations and a clear path to significantly increasing production and growing value over time.
"With a regular payment schedule, Gulf Keystone will be in the strongest position it has been in for a number of years and faces the future with renewed confidence."
At 3:41pm: (LON:GKP) Gulf Keystone Petroleum share price was +0.11p at 2.13p