Oil and gas exploration and production company Gulf Keystone Petroleum Ltd. (GKP.LN) Friday said all required documentation has been executed and all necessary Government approvals obtained pursuant to the agreement between the Company and BG Group (BG.LN), the operator, providing for the transfer of the company's right, title and interest for no consideration in the Hassi Ba Hamou (HBH) Permit to the Operator and Sonatrach.

MAIN FACTS:

-Development is in line with the company's decision to undertake a gradual strategic exit from Algeria in order to focus on its operations in the Kurdistan Region of Iraq.

-Shares of Gulf Keystone on Thursday closed at GBP2.9.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com

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