"We are delighted to have the opportunity to apply our cutting-edge satellite topographic mapping technology and the world's newest high resolution satellites to advance WesternZagros's Garmian Block in the Kurdistan Region. Exploration and development success on the Garmian Block will provide significant economic benefits to WesternZagros shareholders as well as to the people of the Kurdistan Region," says PhotoSat president Gerry Mitchell.
For more information about PhotoSat's stereo satellite topographic mapping service, click here.
About PhotoSat
PhotoSat is a team of geophysicists and associated geoscientists
specializing in the computer processing of highly accurate elevation
data from stereo satellite photos. These detailed topographic maps are
used for the identification, evaluation, and monitoring of natural
resources, and the planning and design of resource development blocks
and their related facilities and infrastructure. Our goal is to provide
satellite photos and derived highly accurate elevation and other
datasets that enable decision makers in the resource industries to make
better decisions in less time. Our principal clients are mining, oil
and gas, engineering and environmental companies and government
agencies. For more information about PhotoSat,
click here.
About WesternZagros
WesternZagros is an international natural resources company engaged in
acquiring properties and exploring for, developing and producing crude
oil and natural gas in Iraq. WesternZagros, through its wholly-owned
subsidiaries, holds a working interest in each of the Garmian Block and
Kurdamir Block Production Sharing Contracts with the Kurdistan Regional
Government ("KRG") in the Kurdistan Region of Iraq. WesternZagros is
the operator and holds a 40 percent interest in the Garmian Contract
Area. Gazprom Neft Middle East B.V. and the KRG hold 40 percent and 20
percent working interests respectively. WesternZagros also holds a 40
percent interest in the Kurdamir Contract Area. Talisman (Block K44)
B.V., as the operator, holds a 40 percent interest and the KRG hold the
remaining 20 percent working interest. WesternZagros funds 60 percent
of costs on the Kurdamir Block and 50 percent of the costs on the
Garmian Block. WesternZagros's shares trade in Canada on the TSX
Venture Exchange under the symbol "WZR". More information on the
Company, its properties and its management team is available on the
Company's website -
click here.
SOURCE PhotoSat Information Ltd
| Contact: |
| PhotoSat Information Ltd
<p> Gerry Mitchell<br/> <a href="mailto: Email Contact cr="true"> Email Contact (604) 681-9770 </p> |
