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Operations resumed at Talisman-led Kurdamir Block following Isis withdrawal

18th September 2014

WesternZagros Resources has announced a resumption of field operations on the Garmian and Kurdamir blocks following the stabilisation of industry conditions and the return of third party oil field services in the Kurdistan Region of Iraq

Operations resumed at Talisman-led Kurdamir Block following Isis withdrawal
'We estimate the Kurdamir block to hold nearly one billion barrels of oil equivalent (boe) of contingent resources on a mean basis - Hatfield

"We now look forward to completing the Sarqala-1 workover, the testing of Hasira-1, and the further development of the existing production facilities on the Garmian Block," said Simon Hatfield, WesternZagros's chief executive officer. “On the Kurdamir Block, following the submission of the development plan on August 31, 2014 we look forward to spudding our first horizontal well at Kurdamir-4.”

In August, following consultation with the ministry of natural resources of the Kurdistan regional government, the company undertook the precautionary step of withdrawing non-essential personnel from field locations and company regional offices.

WesternZagros currently holds a 40 per cent working interest in the Kurdamir Block. Talisman holds a 40 per cent working interest and is the operator, while the KRG holds the remaining 20 per cent.

"We estimate the Kurdamir block to hold nearly one billion barrels of oil equivalent (boe) of contingent resources on a mean basis,” Hatfield said.

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