Director/PDMR Shareholding

RNS Number : 0693Z

Gulf Keystone Petroleum Ltd.

01 March 2013

 



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.

1 March 2013

Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")

Directors' dealings

Further to the Company's announcement dated 26 February 2013, Gulf Keystone has been notified today by Mr Todd Kozel, Executive Chairman and Chief Executive Officer of the Company, and Mr Mehdi Varzi, a Non-executive Director of the Company, of the following disposals of common shares of USD 0.01 ("common shares"):

Director	Date of disposal	Number of common shares sold	Average price per common share
Todd Kozel	1 March 2013	1,000,000	187.75p
Mehdi Varzi	1 March 2013	268,219	187.75p

As a result of the disposals, the interests of Todd Kozel and Mehdi Varzi in the share capital of the Company are as follows:

	Common shares held directly	Interests in common shares held subject to the discretion of the EBT Trustee	% of issued share capital	Number of options over common shares under the Share Option Plan
Todd Kozel	10,255,004	-	1.16%	13,961,473
Mehdi Varzi	643,323	-	0.07%	100,000

Enquiries:

Gulf Keystone Petroleum:	[phone]
Ewen Ainsworth, Finance Director
Anastasia Vvedenskaya, Investor Relations
Strand Hanson Limited	[phone]
Simon Raggett / Rory Murphy / James Harris
Mirabaud Securities LLP	[phone]
Peter Krens
Pelham Bell Pottinger	[phone]
Mark Antelme / Henry Lerwill

or visit: www.gulfkeystone.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.

·           The Company's shares have traded on the AIM market of the London Stock Exchange since listing on 8 September 2004.

·           Gulf Keystone Petroleum Limited is registered in Hamilton, Bermuda with further offices in Erbil, Kurdistan (Iraq), Algiers, Algeria and London, UK.

·           Gulf Keystone Petroleum International (GKPI) holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan, Sheikh Adi, Ber Bahr and Akri-Bijeel blocks.

·           GKPI is the Operator of the Shaikan Block, which is a major commercial discovery, with a working interest of 75 per cent and is partnered with Kalegran Ltd. (a 100 per cent subsidiary of MOL Hungarian Oil and Gas Plc.) and Texas Keystone Inc., which have working interests of 20 per cent and 5 per cent respectively.  Texas Keystone Inc. holds its interest in trust for Gulf Keystone, pending transfer of its interest to the Company.

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 announcement (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.

 

END

 

 

RDSBUGDXISGBGXB