CALGARY, ALBERTA–(Marketwired – March 24, 2016) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
WesternZagros Resources Ltd. (TSX VENTURE:WZR) (“WesternZagros” or “the Company”) is announcing organizational changes to further reduce costs and refocus the Company as a co-venturer in the development of its Garmian and Kurdamir Blocks in the Kurdistan Region of Northern Iraq.
The Company has closed its offices in the Kurdistan Region but will continue its support and oversight of the operator’s activities on both blocks. In addition the Company has completed a further reduction of its workforce in Calgary. As part of these changes Michael Tinkler, Vice President of Exploration and Reservoir Development, and Bill Jack, Vice President and General Manager Kurdistan, have left the Company.
“Michael and Bill have been important members of our Company’s management and on behalf of the entire WesternZagros organization, I want to thank them for their years of service. We wish them well with their future endeavours,” said Simon Hatfield, WesternZagros’s Chief Executive Officer.
Also as part of the organizational changes, Grant Harms, General Manager Operations, and Bruce Garland, Managing Director Drilling and Completions, have joined the senior management team.
Grant Harms joined WesternZagros in Calgary in November 2014. He is a senior petroleum operations and business development leader with over 30 years of experience in projects world-wide. His previous experience encompasses technical, managerial and executive positions with international and domestic companies including PanCanadian Petroleum, Murphy Oil, Koch Exploration Canada and Hurricane Hydrocarbons. Prior to joining WesternZagros, his most recent role was Country Manager for Niko Resources in the Kurdistan Region of Iraq. Mr. Harms is a Professional Engineer in Alberta and holds a Bachelor of Applied Science in Mechanical Engineering from the University of Waterloo.
Bruce Garland returned to WesternZagros in November 2015. He leads the drilling and completions function and brings more than 30 years of international petroleum industry experience that includes technical and managerial positions with Nexen Petroleum Inc., Fletcher Challenge Energy, and Phillips Petroleum. Mr. Garland holds a Bachelor of Engineering (Mechanical) from Canterbury University, New Zealand.
About WesternZagros Resources Ltd.
WesternZagros is an international natural resources company focused on acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds a 40 percent working interest in two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq. WesternZagros’s shares trade in Canada on the TSX Venture Exchange under the symbol “WZR”.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
WesternZagros Resources Ltd.
Tony Kraljic
Senior VP Finance
(403) 693-7011
WesternZagros Resources Ltd.
Lisa Harriman
Manager of Investor Relations
(403) 693-7017
investorrelations@westernzagros.com
www.westernzagros.com