Gulf Keystone Makes Board Changes

Gulf Keystone Petroleum, an independent oil and gas exploration company operating in Algeria and the Kurdish Region of Iraq, announced the appointment of Jeremy Asher as non-executive director of the company with immediate effect.

Asher (age 49) graduated from the London School of Economics & Political Science in 1979 and was awarded an MBA with high distinction from the Harvard University Graduate School of Business Administration in 1981.

He has had a career embracing both consulting to and running a variety of enterprises, mainly in the energy sector. Following several years consulting with what is now Oliver Wyman, he became co-head of the global oil products trading business at what is now Glencore AG, and left in 1989 to acquire and develop the Beta oil refinery at Wilhelmshaven in Germany which is now owned by ConocoPhillips. Between 1998 and 2001, as CEO of PA Consulting Group, he oversaw PA's globalization and growth from 2,500 to 4,000 staff, and negotiated and managed the integration of PA's acquisition of Hagler Bailly, Inc as well as helping to set up a number of PA's technology ventures. Since then, he has originated or participated in financing a variety of investments in the energy sector, directly and more recently through his investment company Agile Energy Ltd, including Tower Resources PLC where Agile is a substantial shareholder and Mr. Asher serves as a non-executive director.

Asher is also a member of the investment advisory group at Imperial Innovations Ltd, the technology ventures company controlled by Imperial College, and a member of th UK Regional Advisory Board of the London Business School.