Iraq: Liner cemented at Qara Dagh wildcat

April 8, 2011
Niko Resources Ltd., Calgary, has cemented 7-in. liner at 3,558 m measured depth at the Qara Dagh-1 exploratory well which has indicated prospective pay in two formations in Iraqi Kurdistan, said participant Groundstar Resources Ltd., Calgary.

By OGJ editors
HOUSTON, Apr. 8
– Niko Resources Ltd., Calgary, has cemented 7-in. liner at 3,558 m measured depth at the Qara Dagh-1 exploratory well which has indicated prospective pay in two formations in Iraqi Kurdistan, said participant Groundstar Resources Ltd., Calgary.

The well will drill ahead from liner depth in the Upper Shiranish formation through Shiranish into the Kometan formation at 4,200 m MD.

Preliminary analysis by Niko Resources of a logged interval at 2,522-3,558 m MD indicates possible prospective pay of up to 143 m in the Lower Tanjero and Upper Shiranish formations, Groundstar said. The top of the Shiranish formation has been interpreted to be at 3,420 m.

The operator has applied for a one year extension to the first phase of the first exploration period.

The Qara Dagh block is in the Zagros fold belt 60 km southeast of Taq Taq oil field and 60 km east of supergiant Kirkuk oil field. It is adjacent to a Heritage Oil Corp.-operated block with a recent oil discovery. Groundstar has 6% beneficial interest in Qara Dagh.