Gulf Keystone Petroleum Regulatory News (GKP)

23 Apr 2008 11:21

Gulf Keystone Petroleum Ld23 April 2008 Not for release, publication or distribution in or into jurisdictions other thanthe United Kingdom and Bermuda where to do so would constitute a contraventionof the relevant laws of such jurisdiction 23 April 2008 GULF KEYSTONE PETROLEUM LIMITED ("Gulf Keystone" or "the Company") Operational Update Completion of Seismic Acquisition Programme in Kurdistan Gulf Keystone Petroleum Limited (AIM: GKP) an independent oil & gas explorationcompany with interests in Algeria and Kurdistan, today announces that itssubsidiary Gulf Keystone Petroleum International Limited ("GKPL") in partnershipwith Kalegran Ltd ("Kalegran"), a subsidiary of MOL Hungarian Oil and Gas PublicLimited Company ("MOL") and Texas Keystone Inc. ("Texas Keystone"), hascompleted the acquisition of 171 kilometres of 2D seismic data in the ShaikanBlock, Kurdistan. The seismic programme which began on 02 March 2008 was acquired using acombination of vibrator and dynamite sources. The programme was completed earlyand under budget. The Shaikan Block is situated near the city of Dihok, approximately 85 kmsNorth-West of Erbil and covers an area of 283 square kms. Todd Kozel, Chairman and Chief Executive Officer, commented: "The seismic data is now being processed and interpretation will start shortly.The interpreted seismic will be used to select a drilling location". Enquiries Gulf Keystone Petroleum: +44 (0) 20 7514 1400 Todd Kozel, Executive Chairman RBC Capital Markets: + 44 (0) 20 7653 4667 Andrew Smith Sarah Wharry Tristone: +44 (0) 207 399 2470 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