The ZEG-1 well was flow tested at an average rate of 4,800 barrels per day of light crude oil from an 81m column.
A notice of discovery has been filed by the company with the Kurdistan region government. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area.
The KS Discoverer rig spudded the ZEG-1 well in April 2013 targeting the Zey Gawra prospect, an anticline lying on the Kirkuk field trend that is the last closure to the northwest of the Khurmala Dome. The ZEG-1 well targeted oil potential in the Cretaceous, Jurassic and the Triassic.
Netherland Sewell & Associates, estimated as of 31 March , 2013 that the Zey Gawra prospect contained 23 MMbbl of unrisked gross (100%) prospective resources (risked: 9 MMbbl).
ZEG-1 reached a total depth of 4,398m in August when the KS discoverer rig was moved to spud Banan. The smaller Romfor 22 rig was then brought in to conduct the testing.
