The English Commercial Court has delivered its decision on the contractual dispute between Excalibur Ventures LLC and Gulf Keystone Petroleum (GKP) . The London court dismissed all of Excalibur's claims and decided all issues in favour of Gulf Keystone, its two subsidiaries, and Texas Keystone Inc.
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The hearing was adjourned to a date to be fixed, for arguments on costs and any application for permission to appeal. Following the removal of uncertainty linked to this long-running dispute, Gulf Keystone confirmed that it intends to apply for a Main Board listing on the London Stock Exchange by the end of 2013.
