Gkp- Gulf Keystone Petroleum

[hxbro]

30 day rule only applies outside of an ISA, if you are not in profit to start with when you do this, the loss can be used against any other gains too.

[evilsatan]

Shares to be suspended from 7:30am tomorrow as the judgement of the court case is read in open court at 10:30am. It's make or break time... Share price has risen well so far today, up over 4% but it has retraced and rose again a few times already.

RNS Number : 4759NGulf Keystone Petroleum Ltd.
09 September 2013



Not for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.

9 September 2013

Gulf Keystone Petroleum Ltd. (AIM: GKP)("Gulf Keystone" or "the Company")Litigation update and agreed short term suspension of trading in the Company's common shares on AIM from the day of judgment of the Excalibur case

The English Commercial Court in London (the "Court") 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.ukon 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.

Source

[evilsatan]

Tweets straight from the courtroom say we won on all counts, Excalibur are not entitled to anything. This is from a trusted source who reported on the court case and has been backed up by other trusted sources. Obviously this is not inside info, it was announced in open court.

just waiting for the RNS from GKP and after that shares will resume trading. Been a long wait but glad to have this over, now onto politics and exports.

[evilsatan]

Well shares are still suspended but a few trades totalling about 205,000 shares just went through at 20% above last nights close so hopefully that is a sign of things to come once trading resumes.

[evilsatan]

RNS Number : 6229NGulf Keystone Petroleum Ltd. 10 September 2013

Not for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdomand Bermuda where to do so w ould constitute a contravention of the relevant law s of such jurisdiction.
10 September 2013
Gulf Keystone Petroleum Ltd. (AIM: GKP)
("Gulf Keystone" or "the Company")
Litigation Update
A summary of the English Commercial Court in London's ("Court") decision has been given in court today following the trial in the Court of the claims asserted by Excalibur Ventures LLC ("Excalibur") against Gulf Keystone Petroleum Limited and its two subsidiaries (the "Companies") and Texas Keystone Inc. ("Texas") (together the "Defendants").
The Court dismissed all of Excalibur's claims and decided all issues in favour of the Defendants.
The hearing was adjourned to a date to be fixed, for argument on costs and any application for permission to appeal. The Company expects that trading in the Company's shares will recommence at noon today.
Commenting on the Judge's decision today, Gulf Keystone's CEO Todd Kozel said:
"We are very pleased to have achieved the best possible outcome from the point of view of the Company and our shareholders. We look forward to pursuing the Company's stated objectives for the future, now that we have the Court's decision regarding these historical events.
We understand that the legal process must take its course once a claim has been lodged, but it has been unfortunate that the Company and its shareholders have experienced significant uncertainty and concern over the last two and a half years and that its executives have been engaged in a protracted and costly dispute to protect the position of the Company and its shareholders.
The Board and management will nowfocus on progressing the ramp-up in production and development of the Shaikan worldclassdiscoveryintheKurdistanRegionofIraq. Onthecorporatefront,ournextobjectiveistocompletethe move to the standard segment of the Official List by the end of 2013."

http://ir1.euroinvestor.com/IR/Files...e_12488991.pdf