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Gulf Keystone Petroleum Ltd. raises £25.10 million in placing of new ordinary shares

Fasken
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On July 25, 2008, Gulf Keystone Petroleum Ltd., the AIM-listed independent oil and gas exploration and production company with assets in Algeria and Kurdistan, concluded a placing of 89,509,488 new ordinary shares at a placing price of 28p per share raising gross proceeds of approximately £25.10 million (USD50 million). These shares were placed by the Company's brokers, Tristone Capital Ltd. and RBC Capital Markets, with institutional clients and certain of the Company's Directors, management and associates. Fasken Martineau Stringer Saul advised Tristone and RBC with a team led by David Smith. John Vercoe, Mark Camilleri, Leonardo Neves and Martin Fisher-Haydis of Fasken Martineau's Toronto office also assisted on this matter.

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