Gulf Keystone Petroleum announces litigation update

Monday, September 9, 2013
  • The Judge has indicated that he will read in open court his Decision and a summary of his conclusions will be available at www.judiciary.gov.uk on the day.

The English Commercial Court in London has set the date and time for its decision in relation to the claims asserted by Excalibur Ventures LLC ("Excalibur") against Gulf Keystone Petroleum Limited and its two subsidiaries (the "Companies") and Texas Keystone Inc. (together the "Defendants") as 10.30 a.m. on 10 September 2013 (the "Decision").

The Judge has indicated that he will read in open court his Decision and a summary of his conclusions will be available at www.judiciary.gov.uk on the day. The full, written judgment will not be made public until a later date.

As the Decision will be given in real time in open court and in order to maintain an orderly market in the Company's shares, Gulf Keystone confirms that trading in its shares on AIM will be suspended (the "Suspension") from 7.30 a.m. on 10 September 2013 and this Suspension will remain in place until such time as the Company releases an RNS giving details of the Decision, which is expected to be later the same day.

Further announcements will be made as appropriate.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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