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.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
"And it's important for WesternZagros' investors to understand, too. Investors boarded a bus—not an armored bus because this area really is very civilized—and went to look at the property for themselves. WesternZagros' leases are in the southeast part of Kurdistan, on trend with the giant Kirkuk oil field, which up until the discovery of Ghawar in Saudi Arabia, was the largest in the world. The oil is lighter and sweeter, which makes it more valuable. The company has two production sharing contracts that are about 500,000 acres large. It was the fourth international company to come into Kurdistan, so this company was an early mover. The company is fairly small. It has almost 5 Bboe of prospective oil. It's an interesting little play. When the rollup happens, WesternZagros will be included in that group, absolutely."
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