Chia Surkh 10 Well Spud

RNS Number : 1086O

Genel Energy PLC

08 October 2012

 



8 October 2012

Genel Energy plc

("Genel Energy" or the "Company")

Chia Surkh 10 exploration well spud

Genel Energy is pleased to announce that the Chia Surkh 10 exploration well was spudded on 7 October 2012.

The Chia Surkh 10 well is the first exploration well to be drilled on the Chia Surkh exploration block whichcovers an area of 984 square kilometres in the southern part of the Kurdistan Region of Iraq and has prospective resources estimated at more than 300 million barrels of oil equivalent.

The well is designed to test the Lower Miocene to Palaeocene section. It is anticipated that the well will be drilled to a total depth of approximately 2,500 metres and results are expected in the first quarter of 2013.

Genel Energy is the operator and has a 60% operated interest.

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For further information, please contact:

Genel Energy plc Julian Metherell Natalie Fortescue	[phone]
M: Communications Patrick d'Ancona Andrew Benbow	[phone]

Notes to editors:

Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The company, with headquarters in London and additional offices in Ankara and Erbil, is the largest oil producer and the largest holder of reserves in the Kurdistan Region of Iraq. For further information, please refer to www.genelenergy.com.

 

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