AGM Results and Directorate Change

RNS Number : 0889I

Gulf Keystone Petroleum Ltd.

19 July 2012

 



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.

19 July 2012

Gulf Keystone Petroleum Ltd.

("Gulf Keystone" or the "Company")

Results of 2012 Annual General Meeting and Directorate Change

The Board of Gulf Keystone is pleased to announce that all the resolutions proposed at the Company's Annual General Meeting ("AGM") held today were duly passed by shareholders.

Resolution 2.3 relating to the re-appointment of Lord Truscott as a Non-Executive Director was withdrawn by the Chairman as Lord Truscott had advised the Company before the meeting that he had withdrawn his consent to be considered for re-election as a director of the Company. He retired by rotation in accordance with the Company's Bye-laws with effect from the close of the AGM, after having served as a Non-Executive Director for over four years.

Commenting on Lord Truscott's decision to step down from the Board, Todd Kozel, Executive Chairman and CEO, said:

"On behalf of the Board I would like to thank Peter for his commitment and valued advice over the last four years.  As a former Energy Minister, his industry and political insight has been of great value and he has played a meaningful part in the Company's success and growth."

A copy of the overview Investor Presentation given to the Company's shareholders at today's AGM is available on the Company's website at www.gulfkeystone.com.

Enquiries:

Gulf Keystone Petroleum:	[phone]
Todd Kozel, Executive Chairman and Chief Executive Officer
Ewen Ainsworth, Finance Director
Strand Hanson Limited	[phone]
Simon Raggett / Rory Murphy / James Harris
Mirabaud Securities LLP	[phone]
Peter Krens
Pelham Bell Pottinger	[phone]
Mark Antelme

or visit: 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 Limited is registered in Hamilton, Bermuda with further offices in Erbil, Kurdistan (Iraq), Algiers, Algeria and London, UK.

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

§ Shaikan is a major discovery with independently audited gross oil-in-place volumes of between 12.4 billion barrels to 15 billion barrels calculated on the P90 to P10 basis, with a mean value of 13.7 billion barrels.

§ The Company's shares have traded on the AIM market of the London Stock Exchange since listing on 8 September 2004.

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.

 

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