Gulf Keystone denies fundraising speculation

Oil and gas company Gulf Keystone Petroleum Ltd denied speculation on bulletin boards and social media websites that it planned a placement of its stock at 160 pence apiece. The rumoured offering price would be at a 15 percent discount to the company's share close on Wednesday.

Reuters reports:

Oil and gas company Gulf Keystone Petroleum Ltd denied speculation on bulletin boards and social media websites that it planned a placement of its stock at 160 pence apiece.

The rumoured offering price would be at a 15 percent discount to the company's share close on Wednesday.