Gulf Keystone Petroleum Ltd. has completed the testing program for the Shaikan-4 deep appraisal well, drilled 4 miles (6 kilometers) to the west of the Shaikan-1 discovery well in the Kurdistan Region of Iraq.

The extensive well testing program commenced in December 2011 after Shaikan-4 had drilled to a total depth ("TD") of 11,112 feet (3,387 meters). Preliminary results of the Shaikan-4 drilling operations were a significant contribution to the new data used by Dynamic Global Advisors (DGA), independent Houston-based exploration consultants, to calculate an addition of over 3 billion barrels of gross oil-in-place volumes for the Shaikan discovery announced in November 2011.

Tags: Gulf Keystone Petroleum