Business
Update on Excalibur litigation
Update on Excalibur litigation.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 6377S Gulf Keystone Petroleum Ltd. 11 November 2013 \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 \n11 November 2013\n \n \n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n \n(\"Gulf Keystone\" or \"the Company\")\n \nUpdate on Excalibur litigation and proposed move to the Main Market\n \nOn 10 September 2013 the English Commercial Court provided a summary of its decision to dismiss all of the claims asserted by Excalibur Ventures LLC (\"Excalibur\") against the Company, its two subsidiaries and Texas Keystone Inc. (together the \"Defendants\") and decided all issues in favour of the Defendants.\n \nThe Company today confirms that the English Commercial Court has set 10.30am on 13 December 2013 as the date for both the handing down of its full judgment (the \"Judgment\") and the hearing of consequential matters, including the costs of the litigation and any application that may be made by Excalibur for permission to appeal the Judgment. \n \nThe Company believes that clarity in the Excalibur litigation process is important for the move-up to the Main Market of the LSE. In view of the date for the handing down of the Judgment and Excalibur's right to apply for permission to appeal at the Hearing, (or to the Court of Appeal if the English Commercial Court refuse permission to appeal), the board of Gulf Keystone expects conclusion of the proposed admission to trading on the Main Market to be as soon as practicable in 2014. \n \nFurther announcements will be made as appropriate. \n \nThe summary Judgment from 10 September 2013 can be viewed at: http://www.judiciary.gov.uk/Resources/JCO/Documents/Judgments/summary-excalibur-llc.pdf\n \n \nEnquiries:\n \n\n\n\n\nGulf Keystone Petroleum:\n\n\n+44 (0) 20 7514 1400\n\n\n\n\nSimon Murray, Non-Executive Chairman\n\n\n\n\nAnastasia Vvedenskaya, Investor Relations\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\nStuart Faulkner / James Harris / Rory Murphy \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMirabaud Securities LLP\n\n\n+44 (0) 20 7878 3362\n\n\n\n\nPeter Krens\n\n\...