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RNS Number : 5394Z

Gulf Keystone Petroleum Ltd.

27 May 2016

Not for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.

27 May 2016

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone" or "the Company")

Shaikan Payment Update

Gulf Keystone Petroleum is pleased to announce that a gross payment of $6.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil exports in April 2016.

This is a partial payment of the invoiced amount and the balance is expected to be paid shortly.

A further announcement will be made in due course.

Enquiries:

 
 Gulf Keystone Petroleum:       +44 (0) 20 7514 1400 
 Jón Ferrier, CEO 
 Sami Zouari, CFO 
 Anastasia Vvedenskaya, Head 
  of Investor Relations         +44 (0) 20 7514 1411 
 
 Celicourt Communications:      +44(0) 20 7520 9266 
 Mark Antelme 
  Jimmy Lea

or visit: www.gulfkeystone.com

Notes to Editors:

-- Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq and the operator of the Shaikan block, which is a major producing field with 40,000 of production capacity

   --           Further information on Gulf Keystone is available on its website www.gulfkeystone.com

Disclaimer

This announcement contains certain forward-looking statements. These statements are made by the Company's Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent uncertainties, including both economic and business factors, underlying such forward-looking information. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 27, 2016 06:00 ET (10:00 GMT)

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