Middle East Economic Survey

VOL. XLVII

No 35

30-August-2004

ALGERIA

UAEs Gulf Keystone Plans IPO To Finance Block 126 Work Commitments

The Sharjah-based exploration company Gulf Keystone Petroleum is planning to raise $110-145mn through an initial public offering on the London Alternative Investment Market (AIM) in September in order to finance the companys work commitment in the Block 126 Fercane concession in eastern Algeria, MEES learns. Gulf Keystone was awarded the 8,316 sq km acreage located...