WesternZagros Resources One2One Presentation - September 2011

Growing Interest in Iraq
• Kurdistan under-explored relative to the rest of Iraq
• Quality of services increasing
• Security situation has improved
• Oil fields are producing and
exporting oil – Tawke and Taq Taq
• Confirmation in May 2011 of oil export payments to
KRG contractors (approximately 50% of net revenues)
• Iraq to invite bids for 12 blocks in 2012 (7 for gas and 5
for oil)
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