T5 Oil and Gas still has an interest in Gulf Keystone
A sales process handled by Deutsche Bank was believed to have closed in May, finding no firm interest in Gulf. However, it has been suggested that T5 — formed by former Tullow Oil directors and fronted by that company’s former chairman, Pat Plunkett — is still actively looking at a potential deal.
One source said yesterday that T5 is still in talks with Gulf as well as other potential targets. Earlier this year, T5 admitted that it is eyeing up firms and assets in need of investment and has identified around six reverse takeover targets active in the African and Middle-Eastern regions. Mr Plunkett said back in the spring that T5 would likely be “very active” in the marketplace this year.
