Gulf Keystone Petroleum Regulatory News (GKP)

6 Feb 2007 07:01

Gulf Keystone Petroleum Ld06 February 2007 6th February 2007 GULF KEYSTONE PETROLEUM LIMITED ("Gulf Keystone" or the "Company") Statement regarding recent share price movement The Board of Gulf Keystone notes the recent share price movement. The Company announces that it has received an approach and is currently indiscussions which may or may not lead to an offer being made for the whole ofthe issued and to be issued share capital of the Company. The indicative offerprice is 78 pence per issued and to be issued common share of Gulf Keystone.Although the proposed transaction terms are still subject to final documentationand final board approvals, the offer price and other key terms of thetransaction have been reviewed by the Company's and the offeror's boards. There can be no certainty that final agreement will be reached and an offermade, completion of any transaction will be subject to the approval of therelevant Algerian authorities. A further announcement will be made in due course. Enquiries: Citigate Dewe Rogerson: +44 (0)20 7638 9571 Martin JacksonGeorge Cazenove This information is provided by RNS The company news service from the London Stock Exchange