Notification of proposed AIM cancellation

RNS Number : 7357A

Gulf Keystone Petroleum Ltd.

24 February 2014

 



Not for release, publication or distribution, directly or indirectly, in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction.  This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.

24 February 2014

Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or the "Company")

Notification of proposed AIM cancellation and admission to the Official List

Further to previous announcements, Gulf Keystone confirms its intention to apply for admission, with a standard listing, of its entire issued share capital to the Official List of the United Kingdom Listing Authority (the "Official List"), and for admission to trading on the London Stock Exchange plc's ("LSE") main market for listed securities (the "Main Market") (together, "Admission").  Pursuant to Rule 41 of the AIM Rules for Companies, the Company hereby gives notice of the intended cancellation of trading of its common shares on the AIM market of the LSE ("AIM").

It is expected that the Company's common shares will be admitted to the Official List, commence trading on the Main Market and simultaneously be cancelled on AIM effective at 8.00 a.m. on or after 24 March 2014 (the "Admission Date"), subject to the receipt of the necessary approvals from the UK Listing Authority and the LSE.  The Company will issue a prospectus in connection with the Admission prior to the Admission Date.

Following Admission, shareholders in the Company will be able to trade common shares on the Main Market.

A further announcement will be made in due course.

Enquiries:

Gulf Keystone Petroleum:	[phone]
Simon Murray, Non-Executive Chairman
Todd Kozel, Chief Executive Officer
Anastasia Vvedenskaya, Investor Relations
Strand Hanson Limited	[phone]
Simon Raggett / Rory Murphy / James Harris
Mirabaud Securities LLP	[phone]
Peter Krens
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.

·           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% and is partnered with Kalegran Ltd. (a 100% subsidiary of MOL Hungarian Oil and Gas plc.) and Texas Keystone Inc., which have working interests of 20% and 5% respectively.  Texas Keystone Inc. holds its interest in trust for Gulf Keystone, pending transfer of its interest to the Company.

·           Gulf Keystone is moving into the large-scale phased development of the Shaikan field targeting 100,000 barrels of oil per day of production during Phase 1, following the approval of the Shaikan Field Development Plan in June 2013.

Disclaimer

This announcement contains certain forward-looking statements.  These statements are made by the Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent uncertainties, including both economic and business factors, underlying such forward-looking information.  This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed.  This announcement should not be relied on by any other party or for any other purpose.

Not for release, publication or distribution, directly or indirectly, in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations 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 any jurisdiction where to do so would constitute a contravention of the relevant laws or regulations 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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