Petroceltic International plc, the independent oil and gas exploration company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, announces an update on its operations in the Kurdistan Region of Iraq, Egypt and Romania.

Kurdistan The Shakrok-1 well on the Shakrok licence (Petroceltic 16%, Hess (Operator) 64% and Kurdistan Regional Government 20%) reached its total depth of 3,538m on 30 March 2014, as previously announced. Based on core and wireline log data, the Joint Venture partnership agreed to carry out Drill Stem Tests (DSTs) over four potential oil zones in the Jurassic interval, which is the primary objective of the well.

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