Ammon News - SYRIA (Reuters) - Gulfsands Petroleum Plc (GPX.L) said on Thursday that its Khurbet East-14 delineation well at Block 26 in Syria intersected a 14-metre oil column and flowed oil.

The oil and gas explorer, which has operations in Syria, Iraq, and the United States, said the KHE-14 well flowed oil at an average rate of 613 barrels of oil per day during a 7-hour testing period.

The test found oil from a level 9 metres deeper than the previous deepest oil flow seen in the field in well KHE-13, Gulfsands said in a statement.

"These test results from KHE-14 and in particular the deeper Oil Down To (ODT) are expected to have positive implications for reserves assessments which are currently being undertaken on the Khurbet East field," the company said.

Gulfsands holds a 50 percent interest at Block 26.

Shares of the company closed at 258.50 pence on Wednesday on the London Stock Exchange.