Board Change

Gulf Keystone Petroleum Ld
07 January 2008

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                        GULF KEYSTONE PETROLEUM LIMITED

                       ("Gulf Keystone" or "the Company")



                                  Board Change





Gulf Keystone Petroleum (AIM: GKP), an independent oil & gas exploration company
operating in Algeria and the Kurdish Region of Iraq, today announces the
appointment of Mr. Mehdi Varzi as a non-executive director of the Company with
immediate effect.



Mr. Varzi (age 62), who has joint Iranian and British nationality, is a graduate
in Economics from the London School of Economics & Political Science and holds
an MA from the School of Oriental and African Studies, London University.



He began his professional career with the National Iranian Oil Company in 1968
before joining the Iranian Ministry of Foreign Affairs in 1972.  During his nine
years at the Ministry, Mr Varzi held a number of positions culminating in a four
year posting as a Diplomat at the Iranian Embassy in Ankara, Turkey.



In 1982 Mr Varzi joined stockbrokers Grieveson Grant & co., in London as an Oil
Consultant with special emphasis on OPEC and the world market.  Following the
merger in 1986 between Grieveson Grant and the then Kleinwort Benson,  which
subsequently became Dresdner Kleinwort Wasserstein (DrKW), Mr Varzi held a
number of positions, culminating in the position of Managing Director, Oil & Gas
Research. Following his retirement from full-time employment in 2001, he was
retained as Senior Energy Consultant -  a position which he held until 2005 when
he left DrKW. In 2001, Mr. Varzi established an independent global energy
consultancy, Varzi Energy, which advises a number of leading international
financial institutions on global oil and gas developments.



From 1999 until 2002 Mr. Varzi also served as a Member of the International
Advisory Panel of Nippon Oil. In 2003, he joined the Board of Sonoran Energy as
a non-Executive Director and in 2005 he was appointed Director of Global Macro
Energy Research and Middle Eastern Affairs at Trinity Funds. Mr Varzi served as
adviser to the chairman of Turcas Petrol in 2006. He is also a regular speaker
at international energy conferences.





Mr. Todd Kozel, Executive Chairman, Gulf Keystone, commented,



"I am delighted that Mehdi Varzi is joining Gulf Keystone. Mehdi has
considerable experience in the international oil and gas industry and will
significantly strengthen our Board. I look forward to his wise counsel as we
seek to continue our growth strategy."




Save for the declarations below there are no updated disclosures to be made in
respect of the appointment of Mr. Varzi under rule 17 and under Schedule 2
paragraph (g) of the AIM rules.



Current Directorships



Company                                           Date of Appointment
Trinity Funds                                     October 2005
Sonoran Energy                                    December 2003



Past Directorships



Company                                           Date of Resignation
Dresdner Kleinwort Wasserstein                    May 2005




Enquiries



Gulf Keystone Petroleum:                           [phone]
Todd Kozel, Executive Chairman



Hoare Govett Limited:                              [phone]
Andrew Foster



Tristone:                                          [phone]
Simon Ashby-Rudd



Citigate Dewe Rogerson:                            [phone]
Media: Martin Jackson
Analysts: Kate Delahunty



or visit: www.gulfkeystone.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange