Oryx Petroleum Corporation Limited announces that the Banan-2 appraisal well (BAN-2) has been spudded in the Hawler license area in the Kurdistan Region of Iraq. 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:"We are very excited to have successfully accelerated the spudding of the BAN-2 appraisal well. This is one of the most important wells we will drill in 2014 as it allows us to assess the multi-hundred million barrel potential up-dip of the Banan-1 exploration well that was successfully tested earlier this year. The drilling of BAN-2 and the acquisition of 3D seismic in the next few months should provide us with a better understanding of the full potential of the Banan discovery."

Tags: Oryx Petroleum Corporation Limited