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Gulf Keystone Petroleum Limited ("Gulf Keystone" or the "Company"), an independent oil & gas exploration company operating in the Republic of Algeria, today announces its interim results for the period ending 30 June 2006.

Highlights

• BG joins as strategic partner to the HBH licence
• Adoption of a significantly accelerated exploration and appraisal programme for HBH
• HBH seismic programme to commence in October
• Block 126a licence extension granted for testing of GRJ-2 oil discovery
• Significant progress towards granting of GKN/GKS production licence
• Upstream initiatives accelerated by successful £13.4 million placing

Todd Kozel, CEO of Gulf Keystone said:

"The first half of 2006 witnessed a transformation in the Company's prospects. The introduction of BG as a strategic partner, both for HBH and for our pursuit of new gas in Algeria, together with the refinancing of the Company and the building of a first rate management team have placed the Company in a strong position going forward. I look forward, with great optimism to the next phase of the Company's growth"

Download the full press release in PDF format (187 KB, opens in a new window)

Enquiries

Gulf Keystone Petroleum: 020 7514 1400
Todd Kozel, CEO
Bill Guest, President
Jonathon Cooper, FD

Citigate Dewe Rogerson: 020 7638 9571
Media enquiries: Martin Jackson / George Cazenove
Analyst enquiries: Kate Delahunty / Nina Soon