BRIEF-Westernzagros Resources sees FY 2016 revenue $5 mln-$8 mln

Thu May 19, 2016 7:38am EDT
 
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May 19 (Reuters) - Westernzagros Resources Ltd

* Westernzagros resources ltd sees 2016 revenues of $5 million to $8 million

* Anticipates average daily productive capacity of sarqala-1 will range from 4,500 bbl/d to 5,000 bbl/d in 2016

* Estimates capital and operating expenditures of $35 million to $45 million for 2016

* Westernzagros announces first quarter 2016 operational and financial results

* Q1 revenue $600,000

* Sees fy 2016 revenue $5.0 million to $8.0 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)