Gulf Keystone soars on speculation

Shares of AIM-listed oil explorer Gulf Keystone are soaring more than 16% at midday, and trading at 257p, giving the firm a market capitalization of £2.274bn.

Shares of AIM-listed oil explorer Gulf Keystone are soaring more than 16% at midday, and trading at 257p, giving the firm a market capitalization of £2.274bn.

In an announcement released today, the firm announced that it has reached an agreement over options at two of its sites with the Kurdistan Regional Government (KRG).

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