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Categorized | Oil & Gas
GKP Soars on Renewed Bid Rumours
Posted on 11 January 2012.
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 on Monday, last month denied that is was in takeover talks, following rumours that ExxonMobil was considering making a bid for the company at five times the market valuation.
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