– Weezer. WesternZagrosannounced 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. 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. Initial well test analysis conducted by an independent third party indicates that reservoir production potential of
approximately 52 mmcf/d of gas and 2,240 b/d of condensate could be expected from these intervals. No water was recovered
during the testing. The forward program at Kurdamir-1 is to drill ahead and set the 9 5/8" casing in the Aaliji Seal prior to
targeting the Shiranish and Upper Qamchuqa reservoir intervals in the Cretaceous. Total depth for Kurdamir-1 is planned to be
in the range of 3,600 metres to 4,000 metres, and it is now anticipated that this target depth will be reached in the first quarter of