Oryx Petroleum Corporation Limited announce an appraisal drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-7 and Demir Dagh-8 appraisal wells ("DD-7" and "DD-8", respectively). Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area.

Highlights:

■Demir Dagh-7 Test Results ■Testing of an interval in the Shiranish and Kometan formations in the Cretaceous reservoir ■Achieved a maximum sustained natural flow rate of approximately 3,300 bbls/d of oil over a period of 6 hours restricted by a 48/64" choke ■Demonstrated high productivity comparable to the Demir Dagh-2 ("DD-2") well with expected production rate to exceed 5,000 bbls/d once the well is completed with an electrical submersible pump ("ESP") ■Encountered similar crude qualities as tested in other wells in the Cretaceous reservoir in the Demir Dagh field (20 to 22° API)

Tags: Oryx Petroleum Corporation Limited