Operational Update - Seismic

Gulf Keystone Petroleum Ld
23 April 2008



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23 April 2008

                        GULF KEYSTONE PETROLEUM LIMITED
                       ("Gulf Keystone" or "the Company")

                               Operational Update

            Completion of Seismic Acquisition Programme in Kurdistan


Gulf Keystone Petroleum Limited (AIM: GKP) an independent oil & gas exploration
company with interests in Algeria and Kurdistan, today announces that its
subsidiary Gulf Keystone Petroleum International Limited ("GKPL") in partnership
with Kalegran Ltd ("Kalegran"), a subsidiary of MOL Hungarian Oil and Gas Public
Limited Company ("MOL") and Texas Keystone Inc. ("Texas Keystone"), has
completed the acquisition of 171 kilometres of 2D seismic data in the Shaikan
Block, Kurdistan.


The seismic programme which began on 02 March 2008 was acquired using a
combination of vibrator and dynamite sources. The programme was completed early
and under budget.


The Shaikan Block is situated near the city of Dihok, approximately 85 kms
North-West of Erbil and covers an area of 283 square kms.


Todd Kozel, Chairman and Chief Executive Officer, commented:


"The seismic data is now being processed and interpretation will start shortly.
The interpreted seismic will be used to select a drilling location".


Enquiries


Gulf Keystone Petroleum:                           [phone]

Todd Kozel, Executive Chairman


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

Andrew Smith

Sarah Wharry


Tristone:                                          [phone]

Simon Ashby-Rudd


Citigate Dewe Rogerson:                            [phone]

Media: Martin Jackson

Analysts: Kate Delahunty


or visit: www.gulfkeystone.com



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