Gulf Keystone shares dive on potential bidder delays action

Oil explorer Gulf Keystone Petroluem saw its shares plunge 12 percent on Tuesday after a member of the Iraqi government told the press that Exxon Mobil has requested a "few more days" to consider a controversial deal to enter the country's Kurdistan oil region.

Oil explorer Gulf Keystone Petroluem saw its shares plunge 12 percent on Tuesday after a member of the Iraqi government told the press that Exxon Mobil has requested a "few more days" to consider a controversial deal to enter the country's Kurdistan oil region.

In recent weeks there has been speculation that oil titan Exxon's entry into the region was a sign that Gulf Keystone or one of the other firms in the region would be the subject of a takeover bid.

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