WesternZagros Resources Ltd.

WesternZagros Resources Ltd. is an international natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas. WesternZagros holds two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan region of Iraq.

Expert Comments:

Gerry Donnelly, FirstEnergy Capital (12/8/14)
"The recent CA$200M rights issue and US$200M debt facility ensures that WesternZagros Resources Ltd. is fully funded for the immediate work program that will see recommencement of production at Sarqala and first oil at Kurdamir over the coming 12 to 18 months. . .we upgrade our recommendation from Market Perform to Outperform. We continue to assert that as one of the most attractively priced vehicles to play Kurdistan, supported by highly favorable fiscal terms and monetization of light oil, this story is a potential M&A play."

More Expert Comments

Experts Commenting on This Company

Gerry Donnelly, Analyst – FirstEnergy Capital

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