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185.60 -2.80 (-1.49%)

Bid:

185.40

Ask:

186.00

Spread: 0.60 (0.324%)

Market Cap: £403.57m

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Operational Update

24 Jun 2008 16:19

RNS Number : 4340X

Gulf Keystone Petroleum Ld

24 June 2008

Not for release, publication or distribution in or into jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction

24 June 2008

GULF KEYSTONE PETROLEUM LIMITED

("Gulf Keystone" or "the Company")

Operational Update

Gulf Keystone Petroleum Limited (AIM:GKP), an independent oil and gas exploration company with interests in Algeria and Kurdistan, announces today on behalf of the Sonatrach/GKP joint venture that the GKN-1 well has been shut-in since early June in order to facilitate the planned work programme.

The planned work programme consists of maintenance and repairs on the main oil transportation line, workover of the GKN-1 well and upgrade of the existing facilities to handle the increased production expected when the GKS-2 well is brought onstream for the first time. In addition, during the shut in period the partners will complete the pipeline necessary to commence production from GKS-2.

An update on the GKN-1 and GKS-2 wells will be made when news is available.

Enquiries

Gulf Keystone Petroleum: +44 (0) 20 7514 1400Todd Kozel, Executive Chairman

Ewen Ainsworth, Chief Financial Officer

RBC Capital Markets: + 44 (0) 20 7653 4667

Andrew Smith

Sarah Wharry

Tristone Capital Limited: +44 (0) 207 355 5800

Simon Ashby-Rudd

Majid Shafiq

Citigate Dewe Rogerson: +44 (0) 20 7638 9571 Martin Jackson

George Cazenove

or visit: www.gulfkeystone.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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