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WesternZagros Announces Company Restructure

WesternZagros announces corporate update

WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") is announcing organizational changes to further reduce costs and refocus the Company as a co-venturer in the development of its Garmian and Kurdamir Blocks in the Kurdistan Region of Northern Iraq.

The Company has closed its offices in the Kurdistan Region but will continue its support and oversight of the operator's activities on both blocks. In addition the Company has completed a further reduction of its workforce in Calgary. As part of these changes Michael Tinkler, Vice President of Exploration and Reservoir Development, and Bill Jack, Vice President and General Manager Kurdistan, have left the Company.

"Michael and Bill have been important members of our Company's management and on behalf of the entire WesternZagros organization, I want to thank them for their years of service. We wish them well with their future endeavours," said Simon Hatfield, WesternZagros's Chief Executive Officer.

Also as part of the organizational changes, Grant Harms, General Manager Operations, and Bruce Garland, Managing Director Drilling and Completions, have joined the senior management team.

Grant Harms joined WesternZagros in Calgary in November 2014. He is a senior petroleum operations and business development leader with over 30 years of experience in projects world-wide. His previous experience encompasses technical, managerial and executive positions with international and domestic companies including PanCanadian Petroleum, Murphy Oil, Koch Exploration Canada and Hurricane Hydrocarbons. Prior to joining WesternZagros, his most recent role was Country Manager for Niko Resources in the Kurdistan Region of Iraq. Mr. Harms is a Professional Engineer in Alberta and holds a Bachelor of Applied Science in Mechanical Engineering from the University of Waterloo.

Bruce Garland returned to WesternZagros in November 2015. He leads the drilling and completions function and brings more than 30 years of international petroleum industry experience that includes technical and managerial positions with Nexen Petroleum Inc., Fletcher Challenge Energy, and Phillips Petroleum. Mr. Garland holds a Bachelor of Engineering (Mechanical) from Canterbury University, New Zealand. 

Source: WesternZagros


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