DNO strikes oil in Iraq

by on June 11, 2012 7:40 am BST

The Oslo-listed company is now planning to go back and do further tests on an interval at the Peshkabir-1 well which previously threw up just water.

In a brief statement on Monday, DNO said it had found moveable oil in the Jurassic interval of the well on the Peshkabir field. There was no indication of the amount or quality of the find.

Previous testing at the well had struck water in two Triassic intervals and one of three Cretaceous intervals.

However, following the testing of the Jurassic interval, DNO is now considering two additional tests in the Cretaceous, it said.

More to follow…