Advice to Shareholders

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

 

 

 

3 July 2013

 

Advice to Shareholders regarding Proposed Slate of New Non-Executive Directors

 

Gulf Keystone Petroleum Ltd ("Gulf Keystone" or "the Company") (AIM: GKP), with the assistance of Odgers Berndtson and its other advisors, is close to completing thorough due diligence on the four candidates proposed by the M&G Recovery Fund as Non-Executive Directors.

 

The Board will be making its recommendation to shareholders shortly and in the meantime the Board strongly urges all shareholders not to vote, or fill in your Forms of Proxy, on these resolutions until they have had an opportunity to review the Board's findings on each candidate.

 

The Board's recommendations will be sent to all shareholders in a Circular, which will also be published on the GKP website and released by RNS, by no later than 18 July 2013.

 

 

Enquiries:

 

Gulf Keystone Petroleum:	+44 (0)20 7514 1400
Todd Kozel, Chief Executive Officer
Anastasia Vvedenskaya, Investor Relations
Strand Hanson Limited	+44 (0)20 7409 3494
Stuart Faulkner / James Harris / Rory Murphy
Mirabaud Securities LLP	+44 (0)20 7878 3362
Peter Krens
Pelham Bell Pottinger	+44 (0)20 7861 3232
Mark Antelme / Henry Lerwill

 

or visit: http://www.gulfkeystone.com/ 

 

Notes to Editors:

§ Gulf Keystone Petroleum Ltd. (AIM: GKP) is an independent oil and gas exploration and production company focused on exploration in the Kurdistan Region of Iraq.

§ Gulf Keystone Petroleum International (GKPI) holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan, Sheikh Adi, Ber Bahr and Akri-Bijeel blocks.

§ GKPI is the Operator of the Shaikan Block, which is a major commercial discovery, with a working interest of 75% and is partnered with Kalegran Ltd. (a 100% subsidiary of MOL Hungarian Oil and Gas plc.) and Texas Keystone Inc., which have working interests of 20% and 5% respectively.  Texas Keystone Inc. holds its interest in trust for Gulf Keystone, pending transfer of its interest to the Company.

§ Gulf Keystone is moving into the large-scale phased development of the Shaikan field targeting 150,000 barrels of oil per day of production within three years, following the approval of the Shaikan Field Development Plan, announced on 26 June 2013.

 

 

Disclaimer

 

Not for release, publication or distribution, directly or indirectly, in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.  This announcement(and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available.  No public offering of the securities will be made in the United States.