Holding Statement on DNO Proposal

RNS Number : 6608F

Gulf Keystone Petroleum Ltd.

29 July 2016

 

Not for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction.  This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.

 29 July 2016

Gulf Keystone Petroleum Limited. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Holding Statement

Proposal from DNO ASA

Gulf Keystone confirms that it has received a proposal from DNO ASA.  

The Board of Gulf Keystone is currently reviewing this proposal and will update the market on its response in due course.

Enquiries:

Gulf Keystone Petroleum:	[phone]
Anastasia Vvedenskaya, Head of Investor Relations	[phone]
Celicourt Communications:	[phone]
Mark Antelme Jimmy Lea

or visit: www.gulfkeystone.com 

Notes to Editors:

Keith Lough

Keith Lough (55) read Economics at Edinburgh University before qualifying as a chartered certified accountant with British Gas in 1985. He subsequently obtained an MSc in Finance from London Business School. In 1988 Keith joined LASMO PLC where over the course of the next eleven years he held a range of senior commercial, financial and operational roles, including MD of the North Sea, and then Europe and North Africa before LASMO was sold to ENI.

Keith was CFO of PetroKazakhstan for two years before being headhunted for the CFO role of British Energy, the nuclear power company. At British Energy he oversaw the complex restructuring of the business and the interaction with the UK Government and its creditors.  In 2004 Keith founded coal bed methane focused Composite Energy Ltd, which was acquired by Dart in 2011.

The team from Composite spent a year at Hutton Energy, during which time Keith was CEO. Keith is currently a Non-Executive Director of Rockhopper Exploration PLC, Cairn Energy PLC, Papua Mining PLC and the UK Gas and Electricity Markets Authority (Ofgem). 

He was appointed to the Board of Gulf Keystone in December 2015.

Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq and the operator of the Shaikan field with current production capacity of 40,000 barrels of oil per day.

Disclaimer

This announcement contains certain forward-looking statements.  These statements are made by the Company's Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent uncertainties, including both economic and business factors, underlying such forward-looking information.  This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed.  This announcement should not be relied on by any other party or for any other purpose.

 

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