OilVoice - WesternZagros Announces Resource Assessment for Block 44, Kurdistan

WesternZagros Announces Resource Assessment for Block 44, Kurdistan

Friday, May 15, 2009

WesternZagros Resources Ltd. announces that Sproule International Ltd. ("Sproule") has completed an independent audit which confirms the Company's resource assessment for Block 44 (the Kalar-Bawanoor Block). WesternZagros' best estimate of gross unrisked prospective oil resources in Block 44 is 2.4 billion barrels as of March 31, 2009. The estimate is based on a portfolio of over 20 prospects and leads in both the Tertiary and Cretaceous reservoirs. Additional information obtained from future drilling activity or additional seismic data may result in a change to this assessment.

Sproule carried out its audit in accordance with the standards established by the Canadian Securities Administrators in National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Those standards require that prospective resource estimates are prepared in accordance with the Canadian Oil and Gas Evaluation Handbook (the "COGE Handbook"). In Sproule's opinion, WesternZagros' estimates were determined in accordance with industry practice and the guidelines and definitions contained in the COGE Handbook.