Testing of the well confirmed oil in the Jurassic interval and is underway to acquire additional data.

Previous tests at the well produced water in two Triassic intervals and one of three Cretaceous intervals.

After the Jurassic test, the company is also planning two additional tests in the potentially producing Cretaceous.

The Peshkabir-1 well was designed to probe a large undrilled feature west of the currently producing Tawke field.

DNO International as the operator of the Tawke field has a 55% stake while others are Genel Energy holding 25% and the Kurdistan Regional Government with 20%.