WesternZagros

Latest WesternZagros News

• The significant increase in both Mean Contingent and Prospective Resources is due to the fact that Kurdamir-2 encountered a 118 meter light oil column with no indications of a water leg at the Kurdamir-2 location.

• The well flowed at unstimulated rates of 7.3 mmcf/d of natural gas and 950 bbls/d of oil and condensate, with no indications of water and no observed decline.

• The Kurdamir-2 well has reached the intermediate casing depth of 2,812 metres, and has drilled through the Oligocene interval.

• WesternZagros Resources Ltd. has made an oil discovery in the Upper Fars Formation at the Mil Qasim-1 exploration well in the Kurdistan Region of Iraq.

• WesternZagros Resources Ltd. provides an operational update for the drilling and testing operations at Mil Qasim-1 and Kurdamir-2, and the continued production from the Sarqala-1 extended well test.

• WesternZagros Resources provides operational update for the drilling operations.
• WesternZagros anticipates December production approximately 124,000 barrels.
• WesternZagros Resources has recently achieved a daily production of over 5,000 bopd.

• Received payment for its first sale of crude oil to the domestic market in the Kurdistan Region of Iraq

• The agreement divides the contract area of the Original PSC into two contract areas named Garmian and Kurdamir
• WesternZagros continues to operate Garmian Block and the northern area will be operated by Talisman
• WesternZagros's production sharing terms, under both the Garmian and Kurdamir PSCs, remain unchanged from the Original PSC
• The agreement amends the work obligations and timeline for the first exploration period of the Original PSC

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