- Gulf Keystone Petroleum (GUKYF.PK, GFKSY.PK) wins its legal case which saw its position in Iraqi Kurdistan oilfields challenged, as the English Commercial Court ruled against a U.S. company which had claimed a right to a 30% stake in the Kurdish assets.
- Excalibur Ventures, founded by a U.S. soldier serving in Iraq, lacks financial resources that prevent it from being able to fulfill its financial obligations and thus has no valid claim, the judge rules.
- Gulf Keystone’s Shaikan oil fields will produce 250K/day by 2018, according to the company.
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