Rumors pump KRG contracts

Gulf Keystone Petroleum, the UK-listed explorer developing a large oil field in northern Iraq, saw its shares surge to record highs early Monday following a report that ExxonMobil is considering a bid for the company. Without citing sources, the UK's Independent on Sunday reported over the weekend that ExxonMobil is considering a GBP7 billion ($10.9 […]

Robert Perkins reports for Platts:

Gulf Keystone Petroleum, the UK-listed explorer developing a large oil field in northern Iraq, saw its shares surge to record highs early Monday following a report that ExxonMobil is considering a bid for the company.

Without citing sources, the UK's Independent on Sunday reported over the weekend that ExxonMobil is considering a GBP7 billion ($10.9 billion) takeover bid for Gulf Keystone.