Gulf Keystone reports that Gulf Keystone Petroleum International Limited, Operator under the Production Sharing Contract relating to the Sheikh Adi Block in the Kurdistan Region of Iraq dated 16 July 2009 (PSC), has notified the Sheikh Adi Block Management Committee of a discovery made on the Sheikh Adi Block with effect from 7 November 2012.

The notification of the discovery follows the completion of a well testing programme of the Sheikh Adi-2 exploration well on the block, located immediately to the west of the Company's Shaikan Block, which is a major commercial discovery.

Sheikh Adi-2 spudded in May 2012, 1.45 km to the north of the Sheikh Adi-1 exploration well, and was drilled to a total depth of 2,754 metres in September 2012.

Tags: Gulf Keystone Petroleum