9th Sep 2013 10:59
LONDON (Alliance News) - Gulf Keystone Petroleum Ltd. Monday said it will suspend trading of the company's common shares on AIM on Tuesday ahead of the judgement on Excalibur Ventures LLC's litigation against the company.
The oil-and-gas exploration and production company, with operations in the Kurdistan Region of Iraq, said the company will suspend trading of its shares on AIM from 7.30 am until the company releases news giving details of the decision and how it affects operations.
Gulf Keystone has been engaged in a legal dispute with Excalibur Ventures, which is claiming that an agreement dating back to 2006 entitles it to a 30% share of Gulf Keystone's subsequent discoveries.
Gulf Keystone shares were up 5.40 pence, or 2.9%, to 188.90 pence Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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