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Gulf Keystone faces claim from Excalibur on Kurdish assets

01/10/2011
Eric WatkinsOil Diplomacy EditorExcalibur Ventures LLC has gone to court in New York and London with claims of entitlement to a 30% stake in Gulf Keystone Petroleum's oil assets in Iraq's northern Kurdistan region.Gulf Keystone said Excalibur began proceedings in New York Dec. 23 to assert claims that it introduced Gulf Keystone's management to opportunities in the Kurdistan region and had a contract to develop the area together 3 years ago.Excalibur also filed the claims in London on Dec. 21 where it sought a "worldwide freezing" of Gulf Keystone's assets. The London court refused Excalibur's request on the grounds that it did not consider there was any risk that the firm's ass...
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