Exercise of Options

RNS Number : 9367A

Gulf Keystone Petroleum Ltd

09 February 2011

 



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 2011

Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")

Exercise of Options

The Company has been notified by the trustee of the Company's Employee Benefit Trust and by certain employees of an exercise of options under the Share Option Plan.

Consequently, the Board has approved the issue of 1,000,507 new common shares of USD 0.01 ("Option Shares") raising gross proceeds of £636,054 at an average price of 63.57 pence per share. 

Following the issue of the Option Shares the total issued share capital of Gulf Keystone will be 762,233,948 common shares of USD 0.01. The Company does not hold any common shares in treasury and so the total number of voting rights in Gulf Keystone is 762,233,948.     

Application will be made for admission of the Option Shares to trading on AIM with effect from 15 February 2011.

Enquiries:

Gulf Keystone Petroleum:	[phone]
Todd Kozel, Executive Chairman
Ewen Ainsworth, Chief Financial Officer
Strand Hanson Limited	[phone]
Simon Raggett / Rory Murphy / James Harris
Mirabaud Securities LLP	[phone]
Peter Krens
Pelham Bell Pottinger James Henderson / Mark Antelme	[phone]

or visit: www.gulfkeystone.com

Notes to Editors:

§	Gulf Keystone Petroleum Ltd. (AIM: GKP) is an independent oil and gas exploration company focused on exploration in the Kurdistan region of Northern Iraq.
§	Gulf Keystone Petroleum International (GKPI) holds Production Sharing Contracts for four exploration blocks in Kurdistan. The Company is currently carrying out an active appraisal and exploration drilling campaign in Kurdistan, including work to fully understand the scale of the world class Shaikan field discovered in 2009

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.

 

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