5/22/2015 - 11:43 AM EST - WesternZagros Resources Ltd. : announced today its operating and financial results for the first quarter ended March 31, 2015. Gross sales were 255,807 barrels of oil ("bbl"), of which WesternZagros's net oil sales were 68,997 bbl. Sales revenue to WesternZagros was $2.9 million, reflecting an average realized price of $41.71 per barrel. Field netback was $1.9 million. The company maintained a strong balance sheet with $158.6 million in cash and cash equivalents as at March 31, 2015 and an available $200-million undrawn credit facility.
WesternZagros Resources Ltd.
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