Director Purchase of Shares

Not for release, publication or distribution in or into jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction

13 March 2009

Gulf Keystone Petroleum Ltd.

("Gulf Keystone" or "the Company")

Director Purchase of Shares

Gulf Keystone Petroleum Limited (AIM: GKP) today announces that it received notification on the 13th March 2009 that Jeremy Asher, a non-executive director of the Company, purchased 245,282 common shares in the Company (representing approximately 0.07% of the issued share capital) at an average price of 6.4p per share, through Agile Energy Limited ("Agile Energy"). 

Agile Energy is a Channel Islands company owned by the Asher Family Trust, of which Jeremy Asher is the settler and lifetime beneficiary. 

Following the purchase, Agile Energy has a beneficial interest in 12,000,000 Gulf Keystone shares, representing approximately 3.3% of the Company's issued share capital.

Enquiries

Gulf Keystone Petroleum:                        +44 (0) 20 7514 1400
Todd Kozel, Executive Chairman

Ewen Ainsworth, Chief Financial Officer

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

Sarah Wharry

Tristone Capital Limited:                         +44 (0) 20 7355 5800

Simon Ashby-Rudd

Majid Shafiq

Citigate Dewe Rogerson:                         +44 (0) 20 7638 9571 
Martin Jackson

George Cazenove
 

or visit: www.gulfkeystone.com

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