Company information

Gulf Keystone is an independent company whose objectives are to explore, develop and produce oil and gas primarily in North Africa and the Middle East.

The company currently has exploration and appraisal rights over six blocks and two producing fields totalling approximately 17,600 square kilometres in the Republic of Algeria. Gulf Keystone has operated in Algeria since 2001 and has in-depth knowledge of the country's local culture and political and operating environments.

In January 2008, the company received Development Plan approval for the GKN and GKS oil fields triggering an entitlement to a share of production effective from 10 October 2007. This is a first for Gulf Keystone marking our evolution into an exploration and production company.

In November 2007 Gulf Keystone diversified out of its 100% Algeria focussed position and secured interests in two production sharing contracts in the Kurdistan Region of Northern Iraq. This region has the potential to be a world class hydrocarbon province and Gulf Keystone believes it is well positioned to seek out further growth opportunities.

Gulf Keystone is quoted on the Alternative Investment Market (AIM) of the London Stock Exchange. Ticker symbol GKP.

Strategy

• Bring the company into production
• Explore, appraise and develop current blocks to realise reserve potential
• Regional diversification into high impact exploration / appraisal opportunities