Business
Response to press speculation
Response to press speculation.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 2037N Gulf Keystone Petroleum Ltd. 30 August 2011 \n \n\nNot 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.\n \n \n30 August 2011\n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n(\"Gulf Keystone\" or \"the Company\")\n \nResponse to Press Speculation\nGulf Keystone notes the recent press speculation regarding a potential sale of the Company.\n\nWhilst the Board does not normally comment on speculation, the Company confirms that it remains committed to creating value for shareholders, via the continuing 2011/2012 drilling programme on its world-class assets in the Kurdistan Region of Iraq. Whilst there is clearly increasing interest in the region in which Gulf Keystone operates, the Board is not in discussions with regard to a sale of the Company.\n\nTodd Kozel, Executive Chairman and CEO, commented:\n\n\"The Board of Gulf Keystone is confident that it has built an enviable asset base in Kurdistan, with significant further upside potential. We are therefore committed to continuing to successfully prove the potential of our oilfields in Kurdistan. We consider the true value of the Company to be significantly above any figures quoted in recent press articles.\" \nEnquiries:\n \n\n\n\n\nGulf Keystone Petroleum:\n\n\n+44 (0) 20 7514 1400\n\n\n\n\nTodd Kozel, Executive Chairman and Executive Officer\n\n\n\n\n\n\n\nEwen Ainsworth, Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited\n\n\n+44 (0)20 7409 3494\n\n\n\n\nSimon Raggett / Rory Murphy / James Harris\n\n\n\n\n\n\n\n \nMirabaud Securities LLP \n\n\n \n+44 (0)20 7878 3362\n\n\n\n\nPeter Krens\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPelham Bell Pottinger\n\n\n+44 (0) 20 7861 3232 \n\n\n\n\nMark Antelme \n\n\n\n\n\n\n\n \nor visit: www.gulfkeystone.com\n \nNotes to Editors:\n \n§ 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.\n§ Gulf Keystone Petroleum International (GKPI) holds Production Sharing Contracts for fourexploration blocks in Kurdistan.\n§ The Company's shares have traded on the AIM market of the Lon...