WesternZagros Resources One2One Presentation - September 2011
WesternZagros Resources One2One Presentation - September 2011
WesternZagros Resources One2One Presentation - September 2011
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Three Wells to Target over 1 Billion BOEs of Prospective <strong>Resources</strong> *<br />
$20 - 25 million<br />
gross cost **<br />
Sarqala-1<br />
Re-Entry Oil discovery<br />
$30 - 35 million<br />
gross cost<br />
Extended well test – leading to full production<br />
Mil Qasim-1<br />
Spud August 29, <strong>2011</strong><br />
$60 -65 million gross cost<br />
Kurdamir-2<br />
Estimated Q4:<strong>2011</strong> spud<br />
* See Slide 38 through 44 inclusive, for detail on resource estimates<br />
** Includes the costs of casing repair operations, estimated at approximately $10 million, with <strong>WesternZagros</strong> funding the subsequent sidetracking and<br />
testing operations 100 per cent and expects the gross costs associated with these operations to be in the range of $10 to 15 million.<br />
8
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