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Oryx Petroleum announces successful oil discovery at Zey Gawra


Published Dec 5, 2013
Oryx Petroleum Corporation Limited

Oryx Petroleum Corporation Limited announces the successful discovery at Zey Gawra in the Hawler license area. The ZEG-1 well was flow tested at an average rate of 4,800 barrels per day of light crude oil from an 81 metre column. A Notice of Discovery has been filed by the Corporation with the Kurdistan Region Government. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area.

Commenting today, Henry Legarre, Oryx Petroleum's Chief Operating Officer, stated,"Hawler is proving to be a prolific license area. We are very pleased to have made our third consecutive oil discovery there this year, achieving excellent flow rates of high quality crude from the Cretaceous. More work needs to be done to confirm the size of the discovery but we believe it will be substantially larger than our pre-drill estimates. Importantly, the reservoir characteristics in the Cretaceous, notably the matrix porosity, confirm our experience with the other wells we have drilled in the Hawler license area. We are already planning our first Zey Gawra appraisal well and we are confident that the discovery will be established as commercial."

Tags: Oryx Petroleum Corporation Limited




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