Gulf Keystone Petroleum’s share price rose by 12% in London after it emerged that Excalibur Ventures have decided not to appeal the ruling in favour of Gulf Keystone made in the pair’s long-running legal battle.
The Kurdistan-focused independent’s stock traded at £1.76, up 12.25%, by 1030 GMT on London’s Alternative Investments Market (AIM).
Earlier on Monday, Gulf Keystone said that ahead of Thursday’s final ruling by the Commercial Court of England and Wales, “Excalibur has confirmed that it does not propose to appeal the judgment of the court either during the hearing at the court on 13 December or otherwise”.
Excalibur
