6th Jan 2006 15:15
Gulf Keystone Petroleum Ld06 January 2006 06 January 2006 GULF KEYSTONE PETROLEUM LIMITED ("Gulf Keystone" or "the Company") Granting of Options Gulf Keystone today announces that on 05 January 2006 it granted an option over2,100,000 Common Shares ("the Shares") in the Company to Mr Bill Guest. MrGuest was appointed President of the Company on 11 November 2005. The exercise price of the option is 66p per Common Share, which was the closingprice of the existing Common Shares on 05 January 2006. Consideration of £1 waspaid by Mr Guest for the option. Exercise of the option is in two equal parts,1,050,000 Shares on or after 31 December 2008 and 1,050,000 Shares on or after31 December 2009, with the exercise of each part being conditional on Mr Gueststill being in the employ of Gulf Keystone on 31 December 2008. The option, ifnot exercised in whole or part, will lapse on 31 December 2015. Enquiries Gulf Keystone Petroleum: 020 7514 1400Todd Kozel, CEOBill Guest, President Citigate Dewe Rogerson: 020 7638 9571Media: Martin Jackson / George CazenoveAnalysts: Nina Soon or visit: www.gulfkeystone.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Gulf Keystone Petroleum