Dragon Oil Updates on Block 9 Progress

By John Lee.

In its Interim Management Statement this morning, Dragon Oil gave the following update on its operations at Block 9 in Iraq:

"In 2014, the partners in Block 9 in Iraq, announced the discovery of oil in two formations in the consortium's first exploration well, Faihaa-1 in which Dragon Oil holds 30 percent.

"Open and cased hole tests were conducted in the Mishrif and Yamama formations with encouraging results.

"The well has been completed as a producer from the Yamama formation and the drilling rig has been released.

"The consortium plans to drill two additional appraisal wells in 2015 in order to fast track the development."

(Source: Dragon Oil)

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