WesternZagros’ Kurdamir-2 “Exceeds Expectations”

By John Lee.

WesternZagros Resources has successfully completed the first of three planned cased-hole tests in the Oligocene Formation of the Kurdamir-2 well in the Kurdistan Region of Iraq.

Flow rates of up to 3,450 barrels per day (“bbl/d”) of light oil were achieved from the 20 metre perforated interval, the deepest of the planned Oligocene tests. The Company now interprets the Oligocene oil leg encountered in this well to be 146 metres minimum thickness (previously interpreted to be 118 metres). WesternZagros expects that its contingent resources estimate will increase significantly as a result of this test.

Simon Hatfield (pictured), WesternZagros’s Chief Executive Officer commented:

This first cased-hole test result far exceeded our expectations from what we consider to be the poorest quality portion of the reservoir. The primary objective of testing this deepest interval was to establish lowest known oil. We now look forward to determining the flow rate from the two additional tests in the main zone of the increasingly promising Oligocene reservoir.

The cased-hole test was conducted over a perforated interval of 20 metres of fractured reservoir below the main porous zone of the Oligocene. The maximum flow rate of 3,450 bbl/d of light oil and 8.8 mmcf/d of natural gas was reached after flowing and stabilizing the well for two days at progressively larger choke sizes.

One Response to WesternZagros’ Kurdamir-2 “Exceeds Expectations”

  1. emmett November 20, 2012 at 7:27 pm #

    About to get another 100 shares…I called this stock…It’s set to explode