Tag Archives | Sproule

WesternZagros Revises Resource Estimates

WesternZagros Resources has conducted further analysis of the results from the Kurdamir-2 well and provides a revision of its resource estimates for the Oligocene reservoir in the Kurdamir Block, as well as an update for the adjacent Oligocene reservoir in the Baram prospect on the Garmian Block. On the Baram prospect, the total mean estimate […]

WesternZagros Announces Resources at Sarqala

WesternZagros Resources has announced that Sproule International Limited ("Sproule") has completed an independent audit of the Company's resource assessment for the Jeribe/Upper Dhiban reservoir interval of the Sarqala-1 well. Sarqala-1 is located in the Company's Garmian Block in the Kurdistan Region of Iraq and was drilled on the crest of the Sarqala structure. Consequently, the […]

WesternZagros Falls After Audit Results

Shares in WesternZagros Resources fell more than 7% in early trading on Tuesday, following the release of audit results for its Block K44 in Iraqi Kurdistan. Simon Hatfield, WesternZagros’ Chief Executive Officer, said, “we’re very encouraged by the rising resource estimates for our Block. As well as giving us a clearer picture of the opportunity […]

WesternZagros to Target Over 1 Billion BOEs during 2011/2012 Exploration Program

WesternZagros Resources has announced that Sproule International has completed an independent audit of the Company's resource assessment of: the Tertiary Eocene and Cretaceous reservoir intervals of Kurdamir-1; the Jeribe reservoir at Sarqala-1; and the Upper Fars reservoir at Mil Qasim in the Kalar-Bawanoor Block ("Block K44"). This audit, together with the previous audit results of […]