Business
Drilling and Operations Updat
Drilling and Operations Updat.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n RNS Number : 5614L Gulf Keystone Petroleum Ld 14 January 2009 \n \nNot for release, publication or distribution in or into 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\n14 January 2009 \n\nGULF KEYSTONE PETROLEUM LIMITED \n(\"Gulf Keystone\" or \"the Company\")\n\nSUCCESSFUL TEST OF HBH-6 WELL, ALGERIA AND OPERATIONS UPDATE\n\nGulf Keystone Petroleum Ltd (AIM: GKP), an independent oil and gas exploration company with interests in Algeria and Kurdistan, is pleased to announce that drilling and testing of the HBH-6 appraisal well on the Hassi Ba Hamou Permit (\"HBH Permit\") in Algeria has been completed and to provide an update on operations.\n \nAlgeria\nHassi Ba Hamou\n\nThe HBH-6 appraisal well, which was spudded on 25 November 2008, reached a total depth of 930 \nmetres penetrating the Devonian age gas reservoir. During a 48 hour production test a stabilised flow rate of 15,345 cubic meters per hour (12.97 mmscfg per day) was achieved through a 144/64-inch choke. The HBH-6 well is the sixth and final well on the HBH Permit during the first prospecting period and completes the work commitments during this phase. \n\nThe drilling rig will now move to drill well RM-2 which will be the first well on the HBH Permit to be drilled during the second prospecting period. This well is expected to spud within a month. No further announcement on the RM-2 well is planned until the well has been completed.\n\nThe HBH Permit, which contains the HBH gas field and RM-1 discovery, was awarded in April 2005. It comprises five blocks within an area of 18,380 square kilometres in the Bechar Basin in Algeria's \nWestern Desert. \n\nGKN and GKS Field\n\nAs previously announced the GKN-1 well was shut-in in early June 2008 in order to facilitate maintenance, repair and a spur line extension to the oil transportation line, workover of the GKN-1 well, and ...