In a 3 May statement to the TSX Venture Exchange, WesternZagros Resources Ltd (WZR) announced the resumption of crude oil production and sales from the Sarqala-1 well in its Garmian license. WZR said its sales would “be in accordance with the payment mechanism for crude oil sales announced by the Ministry of Natural Resources of the Kurdistan Regional Government on 1 February”. The sales are based on contractual entitlements agreed under the Garmian production-sharing contract. Gross production rates are expected to average approximately 5,000 b/d for the well, with monthly payments to be received within ten working days of the following month, WZR said.
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