Gulf Keystone Petroleum Ltd. Appointment of Chief Operating Officer (8760T)
January 11 2017 - 2:03AM
UK Regulatory
TIDMGKP
RNS Number : 8760T
Gulf Keystone Petroleum Ltd.
11 January 2017
Not for release, publication or distribution, directly or
indirectly, in whole or in part 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.
11 January, 2017
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Appointment of Chief Operating Officer
Grant of Options
Gulf Keystone is pleased to announce that it has appointed
Stuart Catterall as Chief Operating Officer ("COO") and a member of
the Executive and Leadership teams.
Stuart will have responsibility for operational and technical
activities within GKP, across the full spectrum of activities
including procurement, budgeting and HSSE and will direct the
execution of our current work plan.
Stuart has over 30 years' experience in oil and gas undertaking
a breadth of senior leadership and technical roles with Amerada
Hess, BHP Billiton, Celtique Energy and, more recently, as an
independent petroleum development and operations consultant for PA
Resources, Enquest and Petroceltic. He has proven expertise in
successfully developing oil fields and leading operations in
remote, onshore international locations, including in the Middle
East / North Africa region.
He has a BSc in Mechanical Engineering from Southampton
University and an MSc in Petroleum Engineering from Imperial
College, London.
Under the 2016 Gulf Keystone Petroleum Staff Retention Plan (the
"SRP"), Stuart (who has been classified as a person discharging
managerial responsibilities ("PDMR")) has been granted options over
250,000 Common Shares. Options granted under the SRP take the form
of a right to acquire Common Shares. The option exercise price is
zero.
Commenting on today's announcement, CEO, Jón Ferrier, said:
"We are very pleased to welcome Stuart to Gulf Keystone. He
brings a wealth of operational experience from three decades in the
industry, including in senior leadership positions within a number
of highly regarded international companies. Stuart is a great
addition to the team and we look forward to his contribution as we
continue to increase production from the Shaikan field."
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Stuart Catterall
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Gulf Keystone Petroleum Limited
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI n/a
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Options over Common Shares of US$1 each under the 2016
instrument Gulf Keystone Petroleum Staff Retention
Plan.
Identification code
ISIN: BMG4209G2077
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of option over Common Shares of US$1 each under
the 2016 Gulf Keystone Petroleum Staff
Retention Plan.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 250,000
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 250,000
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 10 January 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
Enquiries:
Gulf Keystone Petroleum: +44 (0) 20 7514 1400
Jón Ferrier, CEO
Sami Zouari, CFO
Kate Leslie, Corporate Communications
Celicourt Communications: +44(0) 20 7520 9266
Mark Antelme
Jimmy Lea
or visit: www.gulfkeystone.com
Notes to Editors:
-- Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading
independent operator and producer in the Kurdistan Region of Iraq
and the operator of the Shaikan field with current production
capacity of 40,000 barrels of oil per day
-- Further information on Gulf Keystone is available on its website www.gulfkeystone.com
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 information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGUUUGUPMUMG
(END) Dow Jones Newswires
January 11, 2017 02:03 ET (07:03 GMT)
Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart
From Apr 2023 to Apr 2024
