WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") announced today that Kurdamir-1 has reached an intermediate depth of 2,601 metres, and has drilled through the Oligocene and Pilaspi/Jaddala reservoir targets in the Tertiary. Logging and coring activities were completed in the Tertiary interval and two open hole drill stem tests conducted. In addition, as drilling and coring progressed through the Tertiary interval, the Kurdamir-1 well encountered challenges related to wellbore instability in fractured carbonates which resulted in the need to undertake two sidetrack operations in order to reach the current intermediate depth.
Highlights of activities in the Tertiary interval included:
- After setting the 11 3/4" casing at 2,050 metres, Kurdamir-1 reached the top of the Tertiary carbonate reservoir at 2,140 metres. Hydrocarbon shows were encountered as drilling progressed through this reservoir.
- Two cores were cut between 2,305 metres and 2,332 metres which exhibited hydrocarbon shows. Logging results indicated a gross hydrocarbon pay of 168 metres, penetrated from the top of the porous Tertiary carbonate reservoir at 2,144 metres to the base of the porous reservoir at 2,312 metres.
- Two drill stem tests were conducted between 2,195 metres and 2,235 metres and between 2,280 metres and 2,352 metres. Combined test rates indicate approximately 27.5 million cubic feet per day of gas and 1,172 barrels per day of 61 degrees API natural gas liquids (condensate). Test rates were limited due to testing equipment restrictions; however, initial well test analysis conducted by an independent third party indicates that reservoir production potential of approximately 52 million cubic feet per day of gas and 2,240 barrels per day of condensate could be expected from these intervals. No formation water was recovered during the testing.
- Up to 0.6% H2S gas was detected during the test and all necessary safety precautions were taken during testing operations.
- As no porous reservoir was encountered below 2,312 metres, it is uncertain whether the gas and condensate encountered is in a gas cap, associated with a deeper oil column downdip on the flanks of the structure, or in a non-associated accumulation without any oil downdip.
- WesternZagros is currently working with its external evaluators in order to provide resource estimates associated with the Tertiary interval at Kurdamir-1. These results will be forthcoming once this work has been completed. |
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CONTACT INFORMATION:
WesternZagros Resources Ltd.
Greg Stevenson
Vice President, Finance
(403) 693-7007
or
WesternZagros Resources Ltd.
Dorreen Miller
Manager, Investor Relations & Communications
(403) 693-7019
investorrelations@westernzagros.com
www.westernzagros.com
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| INDUSTRY: Energy and Utilities - Oil and Gas |
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