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WesternZagros Resources Ltd. (CVE:WZR) has received approval to start producing its first oil through an extended well test at the Sarqala-1 oil discovery.
WesternZagros Resources Ltd. (TSXV:WZR) has received approval to start producing its first oil through an extended well test at the Sarqala-1 oil discovery.
The press release is quoted as saying:
The Sarqala-1 well initially tested 40 degree API crude oil at rates of over 9,000 BOPD at a wellhead pressure of approximately 2,400 pounds per square inch. The well was not stimulated and is expected to continue to clean up and increase production capability during the test.
WesternZagros’s CEO, Simon Hatfield, said,
“We are delighted to commence our extended well test at Sarqala-1 sooner than anticipated. The acceleration of the next phase of testing will determine the maximum sustainable production of the Jeribe Discovery, and will enable us to deliver our first light crude oil to market by truck, providing initial cash flow to the Company. This is a milestone event for us; one which will position WesternZagros for the first time as a producing company in one of the world’s most prospective exploration areas,”
Click here to access the entire press release
