Appointment of Joint Corporate Advisers
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.
9 February 2012
Gulf Keystone Petroleum Ltd. (AIM: GKP)
("Gulf Keystone" or "the Company")
Appointment of Joint Corporate Advisers
Gulf Keystone is pleased to announce that it has appointed Strand Hanson Limited ("Strand Hanson") and Perella Weinberg Partners UK LLP ("Perella Weinberg Partners") as Joint Corporate Advisers with immediate effect.
Working alongside Strand Hanson, Perella Weinberg Partners will be jointly responsible for coordination of and advice on the sale of the Company's 20 per cent working interest in the Akri-Bijeel block in the Kurdistan Region of Iraq, which is part of the Company's Forward Strategy announced on 14 September 2011.
Gulf Keystone has a 20 per cent working interest in the Akri-Bijeel block operated by Kalegran Ltd., a 100 per cent subsidiary of MOL Hungarian Oil and Gas Plc., which holds an 80 per cent working interest in the block. The operator's P50 resource estimate for the Bijell discovery is 2.4 billion barrels of oil-in-place, while the ongoing 2012/13 exploration and appraisal programme is targeting existing and identified hydrocarbon prospects in the Akri-Bijeel block.
Enquiries:
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Gulf Keystone Petroleum |
+44 (0) 20 7514 1400 |
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Todd Kozel, Executive Chairman and Chief Executive Officer |
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Ewen Ainsworth, Finance Director |
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Strand Hanson |
+44 (0) 20 7409 3494 |
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Joint Corporate Adviser and Nomad |
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Simon Raggett / Stuart Faulkner/ Rory Murphy / James Harris |
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Perella Weinberg Partners |
+44 (0) 20 7268 2800 |
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Joint Corporate Adviser |
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Bob Maguire / Philip Yates
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Mirabaud Securities LLP |
+44 (0) 20 7878 3362 |
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Peter Krens |
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Pelham Bell Pottinger |
+44 (0) 20 7861 3232 |
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Mark Antelme
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or visit: www.gulfkeystone.com, www.strandhanson.co.uk and www.pwpartners.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 fourexploration blocks in Kurdistan, including the Shaikan block.
§ Shaikan is a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels.
§ The Company's shares have traded on the AIM market of the London Stock Exchange since listing on 8th September 2004.
§ Gulf Keystone Petroleum Limited is registered in Hamilton, Bermuda with further offices in Erbil, Kurdistan (Iraq), Algiers, Algeria and London, UK.
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 document (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
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