Gulf Keystone rumoured to be planning JV with US company
Shares in Gulf Keystone Petroleum stayed flat yesterday, 30 June, amid speculation the UK-listed exploration group might soon form a joint venture with an American company, The Daily Express reported. The market report, which did not cite a source for the rumour, did not name the US-based business said to be involved.
A Daily Telegraph market report said there were rumours of an alliance with the California-headquartered listed energy group Chevron. Last week Gulf Keystone’s shares were lifted by speculation of a possible takeover, the report noted. This news service last week reported market chatter suggesting Chevron might have made a bid approach to Gulf Keystone or be stakebuilding in the company.
Source Daily Express, Daily Telegraph