Business
AGM Operational Update
AGM Operational Update.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 5191I Gulf Keystone Petroleum Ltd. 16 June 2011 \n \n\nNot for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.\n \n \n \n \n16 June 2011\n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n(\"Gulf Keystone\" or \"the Company\")\n \nAnnual General Meeting \nOperational Update\n\nToday Gulf Keystone will hold the Company's Annual General Meeting (\"AGM\") in line with the Notice of the 2011 AGM dated 18 May 2011. \nPrior to today's AGM and further to the announcements of 23 May, 27 May and 14 June 2011, Gulf Keystone is pleased to provide an update on its operations in the Kurdistan Region of Iraq highlighting that:\n· Shaikan-2 deep appraisal well is currently at a depth of 3,166 meters with the final total depth (TD) still planned for the lower Triassic or the upper Permian\n· Sheikh Adi-1 exploration well is currently at a depth of 3,515 meters in the Triassic Kurre Chine B and a cased hole testing programme will be undertaken once the drilling has reached TD\n· After spudding on 27 May 2011, the Shaikan-4 deep appraisal well is currently at a depth of 462 meters\n· Preliminary results of the Shaikan 3D seismic data interpretation suggest a larger structure (by 5-10%) than originally mapped based on the earlier 2D seismic data \n· Bekhme-1 exploration well on the Akri-Bijeel block is drilling ahead at a depth of 2,828 meters. \nJohn Gerstenlauer, Gulf Keystone's Chief Operating Officer commented: \n \n\"With three Gulf Keystone wells underway on the Shaikan and Sheikh Adi blocks, the second exploration well being drilled in partnership with MOL on the Akri-Bijeel block, and the first exploration well expected to be drilled on the Ber Bahr block in partnership with Genel later in 2011, we are firmly focused on adding further oil-in-place volumes in all four blocks in the Kurdistan Region of Iraq.\" \nAt today's AGM the Company will give shareholders an overview Investor Presentation which will not contain any new material information pertaining to the Company'...