OTCPK:TLSMF - Post by User
Post by
john_galton Oct 19, 2012 8:31am
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Post# 20501852
WZR Confirms Initial Oil Flow from Eocene
WZR Confirms Initial Oil Flow from Eocene FYI re: TLM's K2 Well
WesternZagros Confirms Initial Oil Flow from Eocene Testing at Kurdamir-2
CALGARY, ALBERTA--(Marketwire - Oct. 19, 2012) - WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") reports that during the post-perforation clean up period of the Eocene testing program, an initial low rate flow of 42 to 45 degrees API oil to surface has been achieved at the Kurdamir-2 exploration well. The Company advises that flow rates and the potential for commerciality cannot be confirmed until the test is completed. Acidization of the Eocene interval is currently underway in order to improve the flow rates and a further update of results will be issued when post-stimulation testing is complete.
The operator, Talisman (Block K44) B.V., ("Talisman"), is currently conducting a cased hole test between the depths of 2,830 metres and 3,040 metres in the Eocene-age formation. The Eocene is a secondary target in Kurdamir-2.
Kurdamir-2 is the second deep exploration well to be drilled on the Kurdamir structure. WesternZagros and Talisman each have a 40 percent working interest in the Kurdamir Block, with the Kurdistan Regional Government holding the remaining 20 percent.