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Westernzagros Resources Ltd (WZR.V)

WZR.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Westernzagros sees 2017 revenue $17 mln to $22 mln
Wednesday, 15 Mar 2017 07:30am EDT 

Westernzagros Resources Ltd : Westernzagros announces 2016 fourth quarter and year end results . Sees FY 2017 revenue $17 million to $22 million . Westernzagros Resources Ltd - in 2017, company anticipates average daily productive capacity of sarqala-1 will range from 4,500 bbl/d to 5,000 bbl/d . Westernzagros Resources Ltd - qtrly revenue $4.9 million with an average realized price of $38.37/bbl . Westernzagros Resources Ltd - sarqala-2 well is anticipated to spud in q3 of 2017 . Westernzagros Resources Ltd - estimates spending approximately $35 million in 2017 to operate sarqala production operations, among others . Westernzagros Resources - final investment decision on sarqala-2 well is planned for Q2 with estimated cost net to company of $25 to $30 million . Westernzagros Resources- co anticipates it is fully funded for currently planned activities for next twelve months (excluding drilling of sarqala-2) .Westernzagros announces 2016 fourth quarter and year end results.  Full Article

Westernzagros announces third quarter 2016 results
Thursday, 17 Nov 2016 07:30am EST 

Westernzagros Resources Ltd : Westernzagros resources - reviewing financing alternatives including completion of alternative debt/equity financing, farm down, sale of some assets of Co . Westernzagros resources -for remainder of 2016, company anticipates average daily productive capacity of Sarqala-1 will be approximately 5,000 bbl/d . Westernzagros resources - Q3 gross oil sales averaged 5,329 barrels of light oil per day ("bbl/d"), of which co's net oil sales were 1,437 bbl/d . Westernzagros resources - westernzagros estimates revenues for remainder of 2016 to be $3.5 to 5.0 million . Q3 revenue $4.6 million . Westernzagros announces third quarter 2016 operational and financial results .Sees FY 2017 revenue $15 million to $19 million.  Full Article

Westernzagros Resources Q2 gross oil sales averaged 4,884 barrels of light oil per day
Thursday, 11 Aug 2016 07:30am EDT 

Westernzagros Resources Ltd : Qtrly gross production averaged approximately 5,500 bbl/d over 80 days in Q2 . Qtrly revenue recognized by Westernzagros was $4.3 million for approximately 120,000 bbl . For remainder of 2016, company anticipates average daily productive capacity of sarqala-1 will be approximately 5,000 bbl/d . Westernzagros announces second quarter 2016 operational and financial results . Q2 gross oil sales averaged 4,884 barrels of light oil per day . Qtrly Westernzagros's net oil sales were 1,317 bbl/d . Will continue to maintain a conservative approach to capital spending for remainder of 2016 . Westernzagros continues to review strategic initiatives .Company estimates spending for remainder of year of approximately $20 million.  Full Article

Westernzagros Resources sees FY 2016 revenue $5 mln-$8 mln
Thursday, 19 May 2016 07:30am EDT 

Westernzagros Resources Ltd : Westernzagros resources ltd sees 2016 revenues of $5 million to $8 million . Anticipates average daily productive capacity of sarqala-1 will range from 4,500 bbl/d to 5,000 bbl/d in 2016 . Estimates capital and operating expenditures of $35 million to $45 million for 2016 . Westernzagros announces first quarter 2016 operational and financial results . Q1 revenue $600,000 .Sees fy 2016 revenue $5.0 million to $8.0 million.  Full Article

Westernzagros Resources Ltd updates on FY 2015 sales revenue guidance
Thursday, 13 Aug 2015 07:00am EDT 

Westernzagros Resources Ltd:Sees FY 2015 sales revenue of $15 to $22 million.  Full Article

Westernzagros Resources Ltd gives FY 2015 revenue outlook in line with analysts' estimates
Friday, 22 May 2015 07:30am EDT 

Westernzagros Resources Ltd:Estimates FY 2015 sales revenue of $17 to $25 mln.FY 2015 revenue of $22 mln - Thomson Reuters I/B/E/S.  Full Article

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