Jun. 7, 2011 (Marketwire) --
CALGARY, ALBERTA -- (Marketwire) -- 06/07/11 --
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") has successfully completed the initial testing of the oil discovery made in the Jeribe Formation of the Sarqala-1 well. The Company tested the well at rates up to 9,444 barrels per day of 40 degrees API oil. This rate was reached after flowing and stabilizing the well at progressively bigger choke sizes until reaching the limits of the surface equipment. The final rate was achieved on a 52/64" choke with a wellhead pressure of 2,475 psi. No water was produced during this initial testing program. No stimulation was applied to the well, however, there remains the potential to do so at a later date.
Commenting on the test results, WesternZagros Chief Executive Officer Simon Hatfield said, "With this confirmation of a large oil discovery, our immediate efforts will be directed toward sourcing surface facilities to start producing oil during an extended testing program. We will do this in order to fully evaluate the long term potential of this well and to generate revenue for the Company and for Kurdistan as early as the end of the year."
