Heritage Oil has successfully drilled and tested the Miran West-3 well. The well is situated in the Kurdistan region of Iraq, drilling has been taking place since August 2011, ir has successfully reached a total depth of 3,528 metres after encountering the primary gas bearing reservoir interval in the Jurassic. Testing of the main Jurassic […]
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Heritage and Genel Up on Miran West-3 Update
Shares in Heritage Oil reversed their recent downward trend with a 10.9% gain on Tuesday, following the company's update on it's Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan"). Shares in partner company Genel Energy closed the day up 1.2%. Highlights Testing of a reservoir interval above the main Jurassic reservoir resulted in […]
Kurdistan Oil Shares Lower on Miran West-3 Update
Shares in Heritage Oil have fallen more than 10% in the past two days following its announcement that drilling at Miran West-3 in Iraqi Kurdistan in taking longer than expected. The company owns 75% of the block, with Genel Energy owning 25%. Shares in Genel have shed 14% since Friday's close. CEO Tony Hayward commented: […]
Heritage Oil Announces Successful Testing at Miran West-3 Well
Heritage Oil has announced that it has completed testing of the oil bearing Upper Cretaceous reservoir in the Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan"): Maximum flow rate achieved from the Upper Cretaceous reservoir was 1,950 bopd, restricted by surface equipment Confirmed gross in-place P50-P90 contingent volumes of 53-75 MMbbls of oil […]