Ex-Glencore, Sino-Forest Director to Chair GKP

The Company is continuing the search process for at least one other Independent Non-Executive Director with the assistance of Odgers Berndtson, one of the UK's pre-eminent executive search firms, and a further announcement on that process will be made in due course.

Commenting on the appointment Todd Kozel, Chief Executive Officer of Gulf Keystone, said:

"I am delighted to welcome Simon to the Board.Simon's wealth of international business experience, particularly his experience in listing and chairing a FTSE 100 company, will be invaluable in leading our migration from AIM to the Main Market as we transition into the next phase of the Company's development and become a significant oil producer in the Kurdistan Region of Iraq.

"Simon's appointment has been positively endorsed in discussions with the Ministry of Natural Resources of the Kurdistan Region of Iraq and the entire team are looking forward to working with Simon, as Gulf Keystone continues to build on its track record of success."

Simon Murray, Non-Executive Chairman of Gulf Keystone, commented:

"Todd and his team have done a great job building Gulf Keystone from a small exploration company into a multi-billion dollar company. The recent approval of the Shaikan Field Development Plan, one of currently only three in the region, is a testament to his strong relationships with key stakeholders in the Kurdistan Region of Iraq."

As Gulf Keystone continues to expand and moves into the production phase at its world class Shaikan field, I look forward to being able to utilise my experience and expertise in assisting the Board with its strategic direction, especially in connection with the Company's planned move onto the Main Market later this year."

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