Management Appointment

Gulf Keystone Petroleum Ld
28 March 2006


28 March 2006


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

                          New Management Appointments


Gulf Keystone, the London AIM-quoted (symbol: GKP) independent oil & gas
exploration & production company operating in the Republic of Algeria, today
announces the resignation of Dr. Caroline Brown, the Chief Financial Officer
(CFO) of the Company with effect from 6th April 2006.

Gulf Keystone is pleased to announce that Dr. Jon Cooper will be appointed as
Finance Director of Gulf Keystone Petroleum Limited from 6th April 2006.   Prior
to joining Gulf Keystone, Jon spent 9 years at Dresdner Kleinwort Wasserstein,
where he worked as a Director in the Oil & Gas Corporate Finance Team most
recently covering Russia and Central & Eastern Europe.  Jon qualified as a
Chartered Accountant with KPMG in 1996 and has a B.Eng in Mechanical Engineering
and PhD in Biomedical Engineering from the University of Leeds.

Gulf Keystone is also pleased to announce that it has appointed Mr. Iain Patrick
as Director of Commercial & Legal Affairs of Gulf Keystone Petroleum (UK)
Limited.  Iain has 25 years experience in the international oil and gas
industry.  After graduating with an Ll.M in 1980, Iain worked as an oil industry
lawyer before joining Monument Oil and Gas plc in 1988 where he held the
position of Commercial Director until the sale of the company in 1999.  Iain
then co-founded PWX Limited, a consultancy providing business development
support to a number of oil and gas companies.

Mr Roger Parsons, Chairman of the Company commented:

"We would like to thank Caroline Brown for her contribution to the Company in
its early life as a public listed company and wish her well in the future."

Todd Kozel, Chief Executive Officer of Gulf Keystone said:

"I am delighted to welcome Jon Cooper as Finance Director and Iain Patrick as
Director of Commercial & Legal Affairs.  Their combined expertise will form a
vital part of the Gulf Keystone management as we seek to drive the company
forward and fulfill our ambitious growth programme."

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


Past Directorships

Dr. Cooper has also been a director of:

        Plus 7 Minus 5 Limited (resigned 10 October 2005)

Mr. Patrick has also been a director of:

        Monument Oil and Gas plc (resigned 30 June 1999)
        Acteon Group Limited (resigned 6 June 2003)
        PWX Limited (resigned 6 January 2005)
        Nimex Energy Limited (dissolved on 30 August 2005. Nimex was a shell 
        company which did not trade and had no outstanding creditors)
        Endeavour Energy UK Limited (resigned 10 February 2006)


Enquiries

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

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


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