Gulf Keystone Announces Start of Seismic Acquisition Programme in Kurdistan

Gulf Keystone Petroleum Limited (AIM: GKP) 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.”

(Oil Voice)


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