Hue Mi
01-14-2012, 02:30 PM
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GKP Soars on Renewed Bid Rumours (http://www.iraq-businessnews.com/2012/01/11/gkp-soars-on-renewed-bid-rumours/)
Posted on 11 January 2012.
http://www.iraq-businessnews.com/wp-content/themes/IBN-Theme/thumb.php?src=http://www.iraq-businessnews.com/wp-content/uploads/2012/01/gulf-keystone-logo.jpg&w=250&h=180&zc=1&q=90 (http://www.iraq-businessnews.com/wp-content/uploads/2012/01/gulf-keystone-logo.jpg?d9c344)
Shares in Gulf Keystone Petroleum (GKP) closed up over 21% on Tuesday on renewed bid rumours, having been up as much as 40% in intraday trading.
The company, which issued an update on operations (http://www.iraq-businessnews.com/2012/01/09/gulf-keystone-updates-on-kurdistan-operations-3/) on Monday, last month denied that is was in takeover talks (http://www.iraq-businessnews.com/2011/12/19/gulf-keystone-statement-on-takeover-speculation/), following rumours that ExxonMobil was considering making a bid for the company (http://www.iraq-businessnews.com/2011/12/19/gkp-jumps-on-takeover-rumours/) at five times the market valuation.
GKP Soars on Renewed Bid Rumours (http://www.iraq-businessnews.com/2012/01/11/gkp-soars-on-renewed-bid-rumours/)
Posted on 11 January 2012.
http://www.iraq-businessnews.com/wp-content/themes/IBN-Theme/thumb.php?src=http://www.iraq-businessnews.com/wp-content/uploads/2012/01/gulf-keystone-logo.jpg&w=250&h=180&zc=1&q=90 (http://www.iraq-businessnews.com/wp-content/uploads/2012/01/gulf-keystone-logo.jpg?d9c344)
Shares in Gulf Keystone Petroleum (GKP) closed up over 21% on Tuesday on renewed bid rumours, having been up as much as 40% in intraday trading.
The company, which issued an update on operations (http://www.iraq-businessnews.com/2012/01/09/gulf-keystone-updates-on-kurdistan-operations-3/) on Monday, last month denied that is was in takeover talks (http://www.iraq-businessnews.com/2011/12/19/gulf-keystone-statement-on-takeover-speculation/), following rumours that ExxonMobil was considering making a bid for the company (http://www.iraq-businessnews.com/2011/12/19/gkp-jumps-on-takeover-rumours/) at five times the market valuation.