WesternZagros Secures Additional Funding
By John Lee. WesternZagros Resources has announced that it has entered into an investment agreement with Crest Energy International LLC, under which Crest will purchase, through a non-brokered private...
View ArticleClik here to view.
WesternZagros Announces Final Results
WesternZagros Resources today announced its operating and financial results for the year end ended December 31, 2012, and additional key highlights and activities to date. With tremendous exploration...
View ArticlePhotoSat Completes Satellite Mapping of Garmian Block
By John Lee. PhotoSat has announced the completion of its satellite topography mapping of WesternZagros‘s Garmian Block in the Kurdistan Region of Iraq, using stereo satellite photos from the...
View ArticleWesternZagros Starts Garmian Drilling
By John Lee. WesternZagros Resources has announced that it has started its latest Garmian Block drilling program in the Kurdistan Region of Iraq. The Mil Qasim Upper Bakhtiari-1 well was spudded on May...
View ArticleWesternZagros Q1 Results and Updates
WesternZagros Resources announced today its operating and financial results for the first quarter ended March 31, 2013, and additional key highlights and activities to date. Commenting on the first...
View ArticleWesternZagros Appoints New VP
WesternZagros Resources has announced the appointment of Ms. Mary Benassi to the position of Vice President, Human Resources. In this role, Ms. Benassi will report to the CEO and be responsible for...
View ArticlePaulson Buys WesternZagros Convertible Notes
By John Lee. Paulson & Co, the hedge fund run by John Paulson (pictured), has bought Cdn$70 million [$68.6 million USD] of WesternZagros 4.00% Convertible Senior Unsecured Notes (“Convertible...
View ArticleList of Oil Companies in Kurdistan
Erbil Governorate has compiled and published a list of the top oil companies in Kurdistan. Listing them by country: USA Exxon Mobil Chevron Aspect Energy Marathon Oil Corporation Hillwood International...
View ArticleTalisman Testing Kurdamir-3 Well
A unit of Talisman Energy Inc., Calgary, has begun a cased-hole test program of the Oligocene reservoir at the Kurdamir-3 well on the Kurdamir block in the Kurdistan Region of Iraq. Talisman (Block...
View ArticleClik here to view.
WesternZagros Plunges on Kurdamir Results
By John Lee. Shares in WesternZagros Resources closed 27 percent down on Wednesday following what the company described as “unexpected results” from its Kurdamir-3 well. The company has completed the...
View ArticleKurdamir-3 Tests “Support Field Commerciality”
WesternZagros Resources has completed testing operations in the Oligocene reservoir of the Kurdamir-3 appraisal well on the Kurdamir oil and gas discovery in the Kurdistan Region of Iraq. Although the...
View ArticleOil 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...
View ArticleWesternZagros to Start Production at Sarqala
Following approval of its declaration of commerciality by the Kurdistan Regional Government (KRG), WesternZagros Resources has announced that it is moving to develop the first of its two significant...
View ArticleWesternZagros Up on Possible “Eye-Popping” Increase
By John Lee. Shares in WesternZagros Resources were up 8 percent in early trading on Wednesday following the announcement of its operating and financial results for the first quarter ended March 31,...
View ArticleKurdamir Block Declared Commercial
By John Lee. WesternZagros Resources and its co-venturer, Talisman, have submitted a Declaration of Commercial Discovery (“DoC”) to the Kurdistan Regional Government (“KRG”) for the oil and gas...
View ArticleTalisman to Sell Kurdamir Stake
By John Lee. Talisman Energy has said that it still plans to sell its oil properties in Iraqi Kurdistan, despite the recent declaration that its Kurdamir Block was commerical. Reuters reports that the...
View ArticleWesternZagros Books First Oil Reserves
By John Lee. WesternZagros Resources has, subsequent to its declarations of commerciality and submissions of development plans, and in accordance with its accounting policies, completed an independent...
View ArticleSuccessful Rights Offering for WesternZagros
By John Lee. WesternZagros Resources has announced the successful closing of its rights offering which expired on November 14, 2014. The Rights Offering, together with the equity backstop arrangement...
View ArticleWesternZagros Year-End Results
By John Lee. WesternZagros Resources has announced its operating and financial results for the fourth quarter and year ended December 31, 2014. WesternZagros achieved several key financial and...
View ArticleWesternZagros Operational and Corporate Update
WesternZagros Resources has provided an operational update for its Garmian Block in the Kurdistan Region of Iraq, and a corporate update. Hasira-1 Well The Hasira-1 well is in the process of being...
View Article
