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WesternZagros Announces Continuation of Pumping Oil in Kurdistan

Gross production rates are expected to average approximately 5,000 barrels per day for the well with monthly payments to be received within 10 working days of the following month.

WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") is pleased to announce the resumption of crude oil production and sales from the Sarqala-1 well in the Kurdistan Region of Iraq.
Sales are to be in accordance with the payment mechanism for crude oil sales announced by the Ministry of Natural Resources of the Kurdistan Regional Government on February 1, 2016 based on the contractual entitlements under the Garmian Production Sharing Contract.
Gross production rates are expected to average approximately 5,000 barrels per day for the well with monthly payments to be received within 10 working days of the following month.

 

Source: WesternZagros 

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