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Thursday, 27 December 2012
WesternZagros appoints new Kurdistan GM, as VP retires
WesternZagros Resources (CVE:WZR) Thursday announced it has appointed William Jack to the position of general manager in Kurdistan, effective February 1, 2013.
Jack will also be resident in Iraqi Kurdistan when he assumes the role of GM, as Ian McIntosh, VP of the Kurdistan business unit has decided to retire in January 2013, after three years with the company.
"Ian [McIntosh] has been an important member of the company's executive and has built our Kurdistan organization into a highly effective team,” said CEO Simon Hatfield.
“Among his many contributions, Ian was instrumental in quickly preparing the Sarqala-1 well for an extended well test.”
Hatfield said the company is happy to welcome Jack, whose international experience “is very well suited” to its exploration and appraisal plans.
WesternZagros said that as GM in Kurdistan, Jack will be a member of the executive management team and will assume responsibility for government liaison and in-country administration.
Jack has 30 years of “progressive leadership” in international oil and gas roles, the company noted, having spent the majority of his career with BP (NYSE:BP) (LON:BP) on projects in the United Kingdom, Middle East, Russia, Australia and North America.
Jack’s most recent appointment was general and country manager in Tunisia for Petrofac (LON:PFC).
WesternZagros is engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in the Kurdistan Region of Iraq.
The junior oil and gas explorer has a 40 per cent working interest in the Kurdamir block, while Talisman Energy (TSE:TLM) also holds 40 per cent and acts as the operator, with the Kurdistan regional government holding the remaining 20 per cent.
In an investor webcast earlier this month, the company said while it is focusing on its Kurdamir wells in the Oligocene and Eocene reservoirs, it also has its sights on the Baram prospect as it heads into 2013.
The Baram prospect was previously viewed as separate, but WesternZagros said it now knows that oil leg expends well beyond the limits of the four way closure on Kurdamir.
Hatfield said that there is a strong possibility that the Baram prospect is an extension of the Kurdamir structure.
While there are no firm numbers for Baram yet, Hatfield said it is still an exciting prospect for the company.
Looking ahead, an exploration well is planned at Baram, targeting the Oligocene and Eocene reservoirs. WesternZagros said the well is anticipated to spud in July of 2013.
At its South Garmian block, the company is planning for a Hasira-1 exploration commitment well to evaluate the Oligocene and Upper Fars, and appraise the Jeribe reservoir in the Sarqala structure.
Additionally, a shallow drill program is on the horizon for the Upper Bakhtiari reservoir, as well as 3D seismic programs in the Sarqala and Mil Qasim structures.