Gulf Keystone Petroleum Ltd. Appointment of Chief Financial Officer (8416C)
January 22 2015 - 2:00AM
UK Regulatory
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RNS Number : 8416C
Gulf Keystone Petroleum Ltd.
22 January 2015
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indirectly, in whole or in part in or into the United States or any
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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
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22 January 2015
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")
Appointment of Chief Financial Officer
Gulf Keystone Petroleum, an exploration and production company
with operations in the Kurdistan Region of Iraq, is pleased to
announce the appointment of Sami Zouari to the Board of the Company
(the "Board") as Chief Financial Officer as of 22 January 2015.
Mr Zouari, 42, joins the Company following careers in both the
oil & gas industry and investment banking, where he also had a
particular focus on the Energy and Commodities sectors in the
Middle East and North Africa.
Educated at Columbia and Harvard Universities, Mr Zouari has
most recently served as the Regional Head of Corporate &
Investment Banking for North Africa, Iraq and Oman at BNP Paribas.
Prior to his career in investment banking, he worked for Total EP
in a number of roles, including as Commercial Manager for Total EP
Libya in Tripoli.
In line with the Company's Recruitment Remuneration Policy for
Executive Directors, Mr Zouari has been granted 1,500,000
market-priced share options at an exercise price of 55.00 pence.
One third of the share options will vest upon his appointment and
two further instalments of 500,000 share options will vest upon the
first and second anniversaries of his appointment respectively.
There is no further information to be disclosed pursuant to
sections LR 9.6.11, LR 9.6.12 or LR 9.6.13 of the Listing Rules,
FCA Handbook.
In addition, Gulf Keystone is informing the market today that
the Company will announce its results for the year ended 31
December 2014 on Thursday 9 April 2015.
Commenting on today's announcement, John Gerstenlauer, Gulf
Keystone's Chief Executive Officer said:
"We are delighted to welcome Sami Zouari to the Board and to
complete the management team. Alongside his strong financial and
industry background, Sami brings substantial knowledge of the
Middle East region, which is key to our operations and stakeholder
relationships in the Kurdistan Region. He knows Gulf Keystone well,
having worked with us in the past on the convertible bond issues
for the Company in 2012 and 2013.
"I would like to thank Mary Hood, who will now assume the role
of Deputy CFO, for the excellent interim job she has performed for
a number of months."
Enquiries:
Gulf Keystone Petroleum: +44 (0) 20 7514 1400
John Gerstenlauer, Chief Executive
Officer
Anastasia Vvedenskaya, Head of +44 (0) 20 7514 1411
Investor Relations +44 (0) 77 1406 1410
Media Relations and Financial
PR Adviser: +44 (0)20 7520 9266
Mark Antelme
or visit: www.gulfkeystone.com
Notes to Editors:
-- Gulf Keystone Petroleum Ltd. (LSE: GKP) is an independent oil
and gas exploration, development 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, 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 MOL Kalegran Limited (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 bopd of
production capacity during Phase 1 of the Shaikan Field Development
Plan following its approval in June 2013.
Disclaimer
This announcement contains certain forward-looking statements.
These statements are made by the Company's 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.
This communication and the information contained herein is not
an offer of securities for sale in the United States. Securities
may not be offered or sold in the United States unless they are
registered or are exempt from registration. Any public offering of
securities to be made in the United States would be made by means
of a prospectus that would contain detailed information about the
company and its management, as well as financial statements. The
company does not intend to register any portion of this offering in
the United States or to conduct a public offering in the United
States or any other jurisdiction. Any public offering of securities
to be made in the United States would be made by means of a
prospectus that would contain detailed information about the
Company and its management, as well as financial statements. Copies
of this communication are not being, and should not be, distributed
in or sent into the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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