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Spudding of Bekhme-1 Exploration Well
Spudding of Bekhme-1 Exploration Well.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 6110D Gulf Keystone Petroleum Ltd. 25 March 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 \n25 March 2011\n \n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n(\"Gulf Keystone\" or \"the Company\")\n \nKurdistan Operational Update\n \nSpudding of Bekhme-1 Exploration Well \n \nGulf Keystone is pleased to announce that the Bekhme-1 Exploration Well has spudded on the Akri-Bijeel block in the Kurdistan Region of Iraq on Monday, 21st March 2011.\n \nBekhme-1 is the second exploration well to be drilled on the Akri-Bijeel block, 20 km to the north-east from the Bijell‑1 discovery well (Operator's P50 estimate of 2.4 billion barrels of oil in place). Bekhme-1 will target prospective intervals in the Jurassic and the Triassic with a planned depth of approximately 3000 meters. \n \nThe Company has a 20 percent working interest in the Akri-Bijeel block operated by Kalegran Ltd., a 100% subsidiary of MOL Hungarian Oil and Gas Plc., which holds 80 percent working interest in the block.\n \nJohn Gerstenlauer, Gulf Keystone's Chief Operating Officer commented:\n \n\"Bekhme-1 is the first well to be drilled on the large surface feature that dominates the north of the Akri-Bijeel block, which is adjacent to the Shaikan block with proven oil and gas reservoirs. The discoveries at Bijell-1 and Shaikan have considerably de-risked this new drilling target making Bekhme an attractive prospect.\" \n \nEnquiries:\n \n\n\n\n\nGulf Keystone Petroleum:\n\n\n+44 (0) 20 7514 1400\n\n\n\n\nTodd Kozel, Executive Chairman\n\n\n\n\n\n\n\nEwen Ainsworth, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited\n\n\n+44 (0) 20 7409 3494\n\n\n\n\nSimon Raggett / Rory Murphy / James Harris\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMirabaud Securities LLP \n\n\n\n+44 (0) 20 7878 3362\n\n\n\n\nPeter Krens\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nPelham Bell Pottinger\n\n\n+44 (0) 20 7861 3232 \n\n\n\n\nMark Antelme \n\n\n\n\n\n\n\n \nor visit: www.gulfkeystone.com \nJohn Gerstenlauer, the Company's Chief Operating Officer, who has 31 years of relevant ex...