Gulf Keystone Petroleum Ltd

Board/Management Information • Sep 12, 2013

National Storage Mechanism | Additional information

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RNS Number : 7946N

Gulf Keystone Petroleum Ltd.

12 September 2013

Not for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.

12 September 2013

Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")

Update on move to Official List of the London Stock Exchange

Gulf Keystone is pleased to announce that it has engaged Deutsche Bank AG, London Branch ("Deutsche Bank") to act on an exclusive basis in connection with the proposed move from AIM, the market operated by the London Stock Exchange, to the Standard Segment of the Official List.

Todd Kozel, Gulf Keystone's CEO, commented:

"We are making progress in achieving our goal to move to the Main Market by the end of 2013 and we are very pleased to have appointed an adviser of Deutsche Bank's calibre to assist us in this process." 

Enquiries:

Gulf Keystone Petroleum	+44 (0) 20 7514 1400
Ewen Ainsworth, Finance Director
Anastasia Vvedenskaya, Investor Relations
Strand Hanson Limited	+44 (0) 20 7409 3494
Stuart Faulkner / James Harris / Rory Murphy
Bell Pottinger	+44 (0) 20 7861 3232
Mark Antelme / Henry Lerwill

or visit: http://www.gulfkeystone.com/ 

Notes to Editors:

§ Gulf Keystone Petroleum Ltd. (AIM: GKP) is an independent oil and gas exploration and production company focused on exploration in the Kurdistan Region of Iraq.

§ Gulf Keystone Petroleum International (GKPI) holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan, Sheikh Adi, Ber Bahr and Akri-Bijeel blocks.

§ GKPI is the Operator of the Shaikan Block, which is a major commercial discovery, with a working interest of 75% and is partnered with Kalegran Ltd. (a 100% subsidiary of MOL Hungarian Oil and Gas plc.) and Texas Keystone Inc., which have working interests of 20% and 5% respectively.  Texas Keystone Inc. holds its interest in trust for Gulf Keystone, pending transfer of its interest to the Company.

§ Gulf Keystone is moving into the large-scale phased development of the Shaikan field targeting 150,000 barrels of oil per day of production within three years, following the approval of the Shaikan Field Development Plan, announced on 26 June 2013.

Disclaimer

Not for release, publication or distribution, directly or indirectly, in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.  This announcement (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available.  No public offering of the securities will be made in the United States.

This information is provided by RNS

The company news service from the London Stock Exchange

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