Thursday, 10 May 2012

WesternZagros to present at 2 global energy conferences this month

WesternZagros Resources (CVE:WZR) announced Thursday it will present at two upcoming global energy industry conferences.
The company will present at the FirstEnergy Capital Corp: Global Energy Conference, and will present a panel discussion at the Macquarie Capital (USA) Inc., Future of Energy 2012: Global Energy Conference.
The FirstEnergy conference will take place in Toronto, Canada, on May 15th at 2:50 pm (EST). The presentation will also be available online in an archived version following the live presentation for 60 days.
Details of this online event, may be found at:
The Macquarie Capital (USA) Inc. conference will take place in New York, USA, on May 17th at 8:45 am (EST).
WesternZagros is an international natural resources company located in Calgary, Canada. The company focuses on exploring, developing, and producing crude oil and natural gas in Iraq.
Through its wholly-owned subsidiaries, WesternZagros holds two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq.
Last month, the company saw its shares rally after it increased its mean contingent resources in the Oligocene reservoir at its Kurdamir-2 exploration well in Iraq by around 400 percent following the discovery of a giant oil field.
As a result of the find, the company said that its estimate of unrisked contingent resources increased to 147 million barrels of recoverable oil (corresponding to 464 million barrels of mean estimated gross discovered oil initially in place) for the Oligocene reservoir in the Kurdamir block.
When gas and condensate are included, the company said mean contingent resources equal 384 million barrels of oil equivalent (MMboe).
Shares of WesternZagros Resources increased five percent late Thursday morning to $1.05 a share.

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