Heritage Oil Announces the Discovery of a Major Gas Field in the Kurdistan Region of Iraq

Heritage Oil Plc (LON:HOIL) announces a major gas discovery in the Kurdistan Region of Iraq.

The press release is quoted as saying:

The Miran West-2 well was initially designed as an appraisal well for the Cretaceous section and was subsequently modified to assess the exploration potential of the deeper formations, eventually being drilled to a total depth of 4,426 metres. The well results have confirmed three additional pay zones within Lower Cretaceous and Jurassic formations, in addition to the pay zone identified in the Upper Cretaceous in the Miran West-1 well.

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