Gulf Keystone Petroleum Ltd. Appointment of Non-Executive Chairman (3278J)
March 29 2018 - 1:02AM
UK Regulatory
TIDMGKP
RNS Number : 3278J
Gulf Keystone Petroleum Ltd.
29 March 2018
29 March 2018
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Appointment of Non-Executive Chairman
Gulf Keystone is pleased to announce the appointment of Jacobus
("Jaap") Huijskes as Non-Executive Chairman effective as of 11
April 2018, immediately following the announcement of the Company's
2017 Full Year Results.
Jaap Huijskes, who replaces Keith Lough as Chairman, joined the
Board of Gulf Keystone in November 2017 as a Non-Executive
Director. Today's news follows the January 2018 announcement of Mr
Lough's intention to step down from the Board. Mr Huijskes
selection was the result of a process undertaken by the Nominations
Committee and was unanimously supported by the Board.
Jaap Huijskes has had a distinguished career in the oil and gas
sector, including relevant experience in the Kurdistan region of
Iraq. He was most recently a Director at OMV (AG:OMV), the largest
listed Austrian oil and gas company, where he was responsible for
Exploration and Production (E&P) and oversaw the Company's
expansion into new territories. He also played a key role in OMV's
operations in the Kurdistan region of Iraq. Prior to this, Mr
Huijskes held a number of senior positions at Shell, including
Executive Vice President of Upstream Major Projects and Project
Director at the Sakhalin Energy Investment Company, which was set
up to develop the Sakhalin-II oil and gas project in Russia. He
holds a Masters in Mechanical Engineering from Delft University of
Technology in The Netherlands.
In addition to serving on the Board of Gulf Keystone, Mr
Huijskes is currently Non-Executive Chairman of the Dutch
state-owned integrated oil and gas company, Energie Beheer
Nederland. He was a member of OMV's Executive Board for E&P
between 2010 and 2016.
Commenting on today's announcement, Jaap Huijskes, said:
"I am delighted to have been selected to take on the
Non-Executive Chairman role. Gulf Keystone has a strong investment
case, underpinned by a great asset and management team. With recent
positive progress, including the signing of the important Shaikan
Crude Oil Sales Agreement, we are looking forward to recommencing
investment into the field and generating value for our investors,
as well as the Kurdistan Region of Iraq. I look forward to leading
the Board and supporting the Company at this exciting time.
On behalf of the Board and everyone at GKP, I would like to
thank Keith Lough for his leadership and significant contribution
to the business over the past two years. It was a challenging
period for the Company and we are grateful for his hard work and
wise counsel. We wish him the very best for the future."
There is no further information to disclose under LR 9.6.13R
pertaining to this appointment.
Enquiries:
Gulf Keystone Petroleum: +44 (0) 20 7514 1400
Jón Ferrier, CEO
Sami Zouari, CFO
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 field with current production
capacity of 40,000 barrels of oil per day
-- Further information on Gulf Keystone is available on its website www.gulfkeystone.com
Disclaimer
This announcement contains certain forward-looking statements
that are subject to the risks and uncertainties associated with the
oil & gas exploration and production business. These statements
are made by the Company and its 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 risks and uncertainties, including both
economic and business factors and/or factors beyond the Company's
control or within the Company's control where, for example, the
Company decides on a change of plan or strategy. 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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