Gulf Keystone Petroleum Ltd. Consent Process Completion (3708Q)
June 17 2015 - 2:00AM
UK Regulatory
TIDMGKP
RNS Number : 3708Q
Gulf Keystone Petroleum Ltd.
17 June 2015
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.
17 June 2015
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")
Consent Process Completion
Further to the Company's RNS of 2 April 2015 (the
"Announcement"), Gulf Keystone, the operator of the world class
Shaikan field in the Kurdistan Region of Iraq, today announces that
it has completed the process of implementing the terms described in
the Announcement with respect to its US$250 million 13.0 per cent.
Guaranteed Notes due 2017 (the "Notes") and its US$325 million 6.25
per cent. Convertible Bonds due 2017 (the "Bonds"), including the
granting, on a pari passu basis, of a security interest in its
shares in Gulf Keystone Petroleum International Limited in favour
of holders of the Notes and the Bonds. The security interest is
subject to the intercreditor arrangements set out in the
intercreditor agreement dated 15 June 2015.
Enquiries:
+44 (0) 20 7514
Gulf Keystone Petroleum: 1400
Sami Zouari, CFO
Anastasia Vvedenskaya, Head
of Investor Relations
+44 (0) 20 7520
Celicourt Communications: 9266
Mark Antelme
Jimmy Lea
or visit: www.gulfkeystone.com
Notes to Editors:
-- Gulf Keystone Petroleum Ltd. (LSE: GKP) is an independent oil
and gas exploration with operations 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.
-- Gulf Keystone plans to move 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.
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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