Search results for "Hunt Oil Company"

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LukOil Attributes Higher Production to West Qurna-2

By John Lee. Russian oil company Lukoil has announced that, in the first quarter of 2016, the Group received 2.6 million tonnes of compensation crude from Iraq’s state-owned South Oil Company as cost compensation within the West Qurna-2 project (in the first quarter of 2015, the Group received 2.3 million tonnes of compensation crude oil). […]

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Oil Find Declared Commercial, Shares Fall

Shares in WesternZagros Resources fell 12 percent on Thursday following the announcement that it has completed a revised resources assessment of its Kurdamir Oligocene reservoir in the Kurdistan Region of Iraq and there are no material changes. On the Garmian Block, declaration of commerciality has been filed, the Baram-1 exploration well has discovered light oil, […]

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WesternZagros Completes Successful Oil Test at Kurdamir-2

By John Lee. WesternZagros Resources has announced that it and the operator, Talisman, are preparing to complete the Kurdamir-2 well after successfully finishing an additional cased-hole test in the Oligocene Formation (DST#7). The test was conducted over a 24 metres thick interval between depths of 2,528 metres and 2,552 metres. It achieved a stabilized flow […]

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Heritage Oil Reserve Update

By John Lee. Heritage Oil, an independent upstream exploration and production company, has announced the publication of an independent Competent Person’s Report (“CPR”) compiled by industry specialists RPS Energy Consultants Limited (“RPS”). Trading in the company’s shares remain suspended pending an acquisition. On 29June 2012, Heritage announced the proposed acquisition of a major interest in […]

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WesternZagros’s Kurdamir-2 Well More than Doubles Oil Resource Potential

WesternZagros Resources today announced an update of the Company’s ongoing exploration and appraisal program, and a substantially revised Prospective Resource Assessment of the Eocene reservoir for Kurdamir. The Eocene reservoir is the second of the three targeted reservoirs in the Kurdamir-2 well (currently drilling). The revised assessment is based upon the Kurdamir-2 well encountering an […]

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WesternZagros Discovers “Giant Oil Field” at Kurdamir-2

WesternZagros Resources has announced that the mean estimate of gross unrisked contingent resources (“Mean Contingent Resources”) has increased to 147 million barrels of recoverable oil (corresponding to 464 million barrels of mean estimated gross discovered oil initially in place) and the mean estimate of gross unrisked prospective resources (“Mean Prospective Resources”) has increased to 1.2 […]

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Afren Jumps on Kurdistan Oil Find

Shares in Afren jumped more than 10% in early trading, before falling back slightly, following the company’s announcement that the high impact Simrit-2 exploration well, located on the Ain Sifni PSC in the Kurdistan region of Iraq, has discovered a significant oil accumulation based on the results of drilling, wireline logs and sidewall core sampling. […]

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Hunt Oil Signed KRG Deal ‘Despite US Warning’

Hunt Oil Co. was warned before it signed a contract with the Kurdish government in Iraq that it might not be dealing in Kurdish territory, UPI reports. The Dallas-based energy company signed a production-sharing contract (PSC) with the Kurdistan Regional Government (KRG) in 2007. It was warned by the U.S. Embassy in Baghdad that the […]

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Afren Pays $588m for Kurdish Oilfields

Afren has announced the acquisition of interests in two contiguous Production Sharing Contracts (“PSCs”) located in the Kurdistan region of Iraq. The Company has agreed to acquire an operated 60 per cent. participating interest in the Barda Rash PSC from Komet Group S.A. (“Komet”) and a non-operated 20 per cent. participating interest in the Ain […]

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IBBC completes Successful Trade Mission to Baghdad

Baroness Nicholson of Winterbourne, President of the Iraq Britain Business Council (IBBC) and UK Prime Minister’s Trade Envoy for Iraq, led a delegation of 25 IBBC member company representatives on a Trade Mission to Baghdad organised by IBBC Managing Director, Mr Christophe Michels and IBBC Co-Chairman and Iraq Representative, Mr Rasmi Al-Jabri. Delegates included representatives […]

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Murat Ozgul, Genel Energy

Genel Energy Updates on Kurdistan Operations

Genel Energy has issued a trading and operations update for Q3 2017. The information has not been audited and may be subject to further review. Murat Özgül (pictured), Chief Executive of Genel, said: “During the quarter Genel executed a landmark settlement agreement with the KRG over historical receivables, which we expect to materially enhance our […]

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