14th Nov 2005 09:57
Gulf Keystone Petroleum Ld14 November 2005 Re-release 14 November 2005 The following replaces the senior board announcement released today at 0700hrsunder RNS no. 0505U. This release contains a paragraph giving details of BillGuest's employment as a director of Nimex Energy Limited. A full amended version is below: GULF KEYSTONE PETROLEUM LIMITED ("Gulf Keystone" or "the Company") Senior Board Appointment Gulf Keystone Petroleum, the London AIM listed (GKP) independent oil & gasexploration company operating in the Republic of Algeria, today announced theappointment of Mr Bill Guest, a non-executive director of the Company, asPresident of the Company, an executive position, with effect from 11 November,2005. Mr Guest, a geologist by background, has 30 years of experience in theinternational oil & gas industry. He joined Shell in 1975 and held a variety ofexploration, production and commercial positions in the Far East, W.Africa andEurope before joining the Board of Monument Oil and Gas plc ("Monument") in1990. During the 1990's, Monument developed into one of the UK's largestindependent exploration and production companies. Mr Guest held the position ofTechnical Director and latterly Business Development Director up to the time ofMonument's sale in 1999. Since then, he has held a variety of independentadvisory and senior management roles in the upstream sector, joining the Boardof Gulf Keystone as a non-executive Director in May 2004. In his new role, Mr Guest will work closely with the Gulf Keystone Executiveteam on the development of the Company's forward strategy, the continuedbuilding of a diversified and balanced international portfolio and the furtherdevelopment of strategic third party relationships. In addition, he willcollaborate closely with Mr Todd Kozel, CEO of Gulf Keystone, on investorcommunications activities and strategy. Mr Todd Kozel, Chief Executive of Gulf Keystone commented: "Bill Guest is a significant addition to the executive team and I am delightedthat he is joining us. Bill has exceptional experience of the international oil& gas industry and an extensive range of senior level contacts. He bringsproven management skills and insight into industry opportunities that will beinvaluable to both the successful implementation of Gulf Keystone's developmentstrategy and to the effective communication of that strategy in the City." Since the publication of the Company's AIM Admission Document dated 2 September2004 ("Admission Document") Mr Guest has resigned as director of EndeavourEnergy Norge AS and Endeavour Energy UK, was appointed a director of EndeavourNorge AS, but subsequently resigned, and has become a partner in Guest &Associates. Mr Guest was also a director of Nimex Energy Limited ("Nimex") which was putinto voluntary liquidation on 30 August 2005. Nimex was a shell company whichdid not trade and therefore had no outstanding creditors. Save for the above, there are no updated disclosures to be made in respect ofthe appointment of Mr Guest under rule 17 and under Schedule 2 paragraph (g) ofthe AIM rules. Enquiries Gulf Keystone Petroleum: 020 7514 1400Todd Kozel, CEOBill Guest, President Citigate Dewe Rogerson: 020 7638 9571Media: Martin Jackson / Rachel LankesterAnalysts: Nina Soon or visit: www.gulfkeystone.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Gulf Keystone Petroleum