LONDON, Jan 16 (Reuters) - UK-based oil explorer Gulf Keystone told a conference last week it
expected to raise $350-$500 million from the sale of its stake in a Kurdish oil block, according to an analyst's note.
John Gerstenlauer, Chief Operating Officer told a Morgan Stanley investor conference that a data room on the Akri Bijeel block is to be opened next week, and that he expected 10-12 interested parties to participate.
'Gulf Keystone estimates a sale would be finalized by April, with its interest sold for $350-$500m,' analysts at the investment bank said.
Gulf Keystone, which says it has found billions of barrels of oil at its Shaikan discovery, said in September it was seeking a buyer for its 20 percent interest in the Akri-Bijeel block to help finance development of other assets.
Hungary's MOL operates the Akri Bijeel block.
(Reporting by Tom Bergin; Editing by Erica Billingham) Keywords:
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