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Tuesday, 02 December, 2008, 11:50 GMT | more >>

Possible bid for Algeria player



By Upstream staff 

Algeria-focused oil and gas explorer Gulf Keystone has received an approach from an unnamed party that it says may or may not lead to a firm offer being made.

Gulf Keystone made the announcement in response to recent share price movement.

The company added that while the proposed transaction terms are still subject to final documentation and final board approvals, the offer price and other key terms of the approach have been reviewed by the boards of both Gulf Keystone and its potential suitor.

Completion of any transaction will be subject to the approval of the relevant Algerian authorities.


Tuesday, 06 February, 2007, 08:11 GMT  | last updated: Tuesday, 06 February, 2007, 08:11 GMT

Possible takeover: Gulf Keystone
 

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