May 31 (Reuters) - WesternZagros Resources ltd:
* Successfully and safely secures Kurdamir-1 well
* Risk of the damaged drill pipe failing, releasing hydrocarbons or hydrogen
sulphide at surface has been eliminated
* Currently pursuing a claim under its insurance coverage for the well control
activities
* Policy has a total claim limit of $75 million gross
* As of may 24, it and its partners had incurred in excess of $25 million gross
for well control, sidetracking activity
* Now got confirmation of coverage from lead insurer, as well as approval for
first interim payment of $5.7 million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Successfully and safely secures Kurdamir-1 well
* Risk of the damaged drill pipe failing, releasing hydrocarbons or hydrogen
sulphide at surface has been eliminated
* Currently pursuing a claim under its insurance coverage for the well control
activities
* Policy has a total claim limit of $75 million gross
* As of may 24, it and its partners had incurred in excess of $25 million gross
for well control, sidetracking activity
* Now got confirmation of coverage from lead insurer, as well as approval for
first interim payment of $5.7 million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.