Gulf Keystone Petroleum Ld
07 March 2008
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07 March 2008
GULF KEYSTONE PETROLEUM LIMITED
("Gulf Keystone" or "the Company")
Operational Update
Start of Seismic Acquisition Programme in Kurdistan
Gulf Keystone Petroleum Limited (AIM: GKP) an independent oil & gas exploration
company, today announces that its subsidiary Gulf Keystone Petroleum
International Limited ("GKPL") in partnership with Kalegran Ltd ("Kalegran"), a
subsidiary of MOL Hungarian Oil and Gas Public Limited Company ("MOL") and Texas
Keystone Inc. ("Texas Keystone"), has commenced seismic acquisition in
Kurdistan.
Arrakis Geodynamics Ltd., a U.S.-based upstream services company, has been
contracted to acquire 2D seismic in the Shaikan Block of Kurdistan. Arrakis
will work closely with Polaris Explorer Ltd. to acquire the data. The seismic
programme which began on 02 March 2008 consists of a minimum of 159 km of 2D
seismic to be acquired using a combination of vibrator and dynamite sources.
This seismic programme is scheduled to last for 60 days and could be extended to
a total of 206 km if more data is required.
The Shaikan Block is situated near the city of Dihok, approximately 85 kms
North-West of Erbil and covers an area of 283 square kms.
Todd Kozel, Chairman and Chief Executive Officer, commented:
"To start seismic acquisition within just four months of being awarded licences
by the Kurdistan Regional Government clearly illustrates the fast pace with
which we are progressing our work programme."
Enquiries
Gulf Keystone Petroleum: +44 (0) 20 7514 1400
Todd Kozel, Executive Chairman
Hoare Govett Limited: +44 (0) 20 7678 8000
Andrew Foster
Tristone: +44 (0) 207 3992470
Simon Ashby-Rudd
Citigate Dewe Rogerson: +44 (0) 20 7638 9571
Media: Martin Jackson
Analysts: Kate Delahunty
or visit: www.gulfkeystone.com
This information is provided by RNS
The company news service from the London Stock Exchange