09:58 AM EST - WesternZagros Resources Ltd. : has completed its testing program in the deepest of the three stacked reservoirs drilled by the Kurdamir-2 exploration well in the Kurdistan Region of Iraq. The testing confirmed an oil discovery in low permeability fractured limestones of the Cretaceous-age, Shiranish Formation, adding to the previously announced major oil discovery in the Oligocene reservoir. The Shiranish reservoir exhibited non-commercial flow rates in this location. The combined audited unrisked mean estimate for all three reservoirs on the Kurdamir prospect is 1,609 million barrels of prospective oil resources as at May 31, 2012, 11% of which is attributed to the Cretaceous. WesternZagros Resources Ltd.
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