WZR is one of my picks for 2010, although a very risky pick at the beginning of the year, it is now a much less risky one. Here's the latest update from WZR.

WesternZagros drills Kurdamir-1 well to 4,077 m

2010-02-08 08:12 ET - News Release

Mr. Simon Hatfield reports

WESTERNZAGROS PROVIDES OPERATIONAL UPDATE

WesternZagros Resources Ltd. has provided an update on the progress made at its Kurdamir-1 exploration well. The 8-1/2-inch hole has been successfully drilled to a depth of 4,077 metres and has penetrated the Aaliji Seal and the Shiranish reservoir target and drilled into the Gulneri Seal where a high-pressure zone was encountered. Currently, well control operations are under way to counter the high formation pressures encountered at the bottom of the hole.

Numerous oil and gas shows were encountered while drilling through the Aaliji and Shiranish formations and following successful completion of well control operations, the plan is to run wireline logs in the open hole, install the seven-inch casing and then conduct a cased hole testing program.

The company has recently received an independent geochemical evaluation of the condensate tested previously from the shallower Oligocene reservoir which indicates that the condensate is from an oil-prone source and is likely to be associated with an oil column deeper in the Kurdamir structure. A follow-up flank well is under consideration and will be decided on following the results of the cased hole testing program.


The above highlighted portions of the news tell me that they have hit on this hole. Buy now if your not in already.

But always do your own DD first.

Schor