Former head of British Army joins the board at Gulf Keystone
Monday 03 October 2011
The former head of the British Army, Lord Guthrie of Craigiebank, has been appointed a non-executive director of an oil firm that has extensive assets in Iraqi Kurdistan.
Lord Guthrie, who was Chief of the Defence Staff between 1997 and 2001, will join Gulf Keystone, which is floated on the Alternative Investment Market of the London Stock Exchange.
Last week Bloomberg news reported that Todd Kozel, the founder and chief executive officer of Gulf Keystone, has been accused in a UK lawsuit of making a £17.2m profit by using an offshore trust to buy stock just before the company announced it had struck oil in northern Iraq. Excalibur Ventures LLC, which is seeking a 30 per cent stake in Gulf Keystone's Kurdistan oil fields in its lawsuit, said Mr Kozel's holdings were "opaquely structured and incompletely disclosed". Gulf Keystone says it has complied fully with the exchange's rules. The firm plans to join the FTSE 250 Index next year.
Lord Guthrie supported the 2003 invasion of Iraq by Britain and the United States. But in 2007 he told The Independenton Sunday: "Now I'm not sosure. In fact I think it wasprobably wrong."
- 1 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 2 Oil tanker with $100 million cargo goes missing off Texas coast
- 3 George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
- 4 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 5 Lady al-Qa’ida: On the trail of Dr Aafia Siddiqui, the world’s most wanted prisoner
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
iJobs Money & Business
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
£50000 per annum: Harrington Starr: DevOps Engineer (Systems Administration, L...
£60000 - £70000 per annum: Harrington Starr: A prestigious leading professiona...
£50000 per annum: Harrington Starr: Financial Technical Consultant (C++, C#, F...