Last checked at 13 Oct 2009 07:00
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13 October 2009
Gulf Keystone Petroleum Ltd.
("Gulf Keystone" or "the Company")
Appointment of Nominated Adviser and Broker
Gulf Keystone is pleased to announce that it has appointed Strand Partners Limited as Nominated Adviser and Mirabaud Securities LLP as Broker with immediate effect.
Enquiries
| Gulf Keystone Petroleum:Todd Kozel, Chairman and Chief Executive Officer Ewen Ainsworth, Chief Financial Officer | +44 (0) 20 7514 1400 |
| Strand Partners Limited: Simon Raggett / Rory Murphy / James Harris | +44 (0)20 7409 3494 |
| Mirabaud Securities LLP: Peter Krens / Pav Sanghera | +44 (0)20 7878 3362 |
| Brunswick: Patrick Handley | +44 (0) 20 7404 5959 |
or visit: www.gulfkeystone.com
Notes to Editors
Gulf Keystone Petroleum Ltd. (AIM: GKP) ("Gulf Keystone" or the "Company") is an independent oil and gas exploration company focused on exploration in the Kurdistan region of northern Iraq.
The Company's shares have traded on the AIM market, since listing on 8 Sept 2004.
Gulf Keystone Petroleum International ("GKPI") is a joint venture between the Company and ETAMIC, its strategic partner in Kurdistan. The JV holds Production Sharing Contracts ("PSC's") in four exploration blocks with a total area under licence of 1,702 square kilometres.
On 6 Aug 2009, the Company announced that GKPI had made a significant discovery at the Shaikan-1 exploration well which spudded on 27 April 09. The well is located in the Shaikan Block, situated near the city of Dihok, approximately 85 kilometres North-West of Erbil and covers an area of 283 square kilometres. The Company is currently continuing its drilling to deeper targets at the same location.
An independent E&P consultant Dynamic Global Advisors has been appointed to perform an independent assessment of discoveries made in the Shaikan-1 well.
On 14 Jul 2009, the Company announced its intention to suspend investment and undertake an exit from its operations in Algeria in order to focus on Kurdistan.
Gulf Keystone Petroleum Limited is registered in Hamilton, Bermuda with offices in Erbil, Kurdistan, Algiers, Algeria and London, UK.