Gulf Keystone Petroleum Regulatory News (GKP)

7 Mar 2008 07:00

Gulf Keystone Petroleum Ld07 March 2008 Not 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 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 explorationcompany, today announces that its subsidiary Gulf Keystone PetroleumInternational Limited ("GKPL") in partnership with Kalegran Ltd ("Kalegran"), asubsidiary of MOL Hungarian Oil and Gas Public Limited Company ("MOL") and TexasKeystone Inc. ("Texas Keystone"), has commenced seismic acquisition inKurdistan. Arrakis Geodynamics Ltd., a U.S.-based upstream services company, has beencontracted to acquire 2D seismic in the Shaikan Block of Kurdistan. Arrakiswill work closely with Polaris Explorer Ltd. to acquire the data. The seismicprogramme which began on 02 March 2008 consists of a minimum of 159 km of 2Dseismic 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 toa total of 206 km if more data is required. 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: "To start seismic acquisition within just four months of being awarded licencesby the Kurdistan Regional Government clearly illustrates the fast pace withwhich we are progressing our work programme." Enquiries Gulf Keystone Petroleum: +44 (0) 20 7514 1400Todd Kozel, Executive Chairman Hoare Govett Limited: +44 (0) 20 7678 8000Andrew Foster Tristone: +44 (0) 207 3992470Simon Ashby-Rudd Citigate Dewe Rogerson: +44 (0) 20 7638 9571Media: Martin JacksonAnalysts: Kate Delahunty or visit: www.gulfkeystone.com This information is provided by RNS The company news service from the London Stock Exchange