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To: calgarylady who wrote (1197)10/25/2007 1:07:46 PM
From: onepath  Read Replies (1) | Respond to of 23102
 
WZR.wt.... for those who think K.wts are not risky enough.

WesternZagros still being shaken down by Kurds

2007-10-25 11:52 ET - News Release

Mr. Greg Stevenson reports

WESTERNZAGROS EPSA REVIEW UPDATE

WesternZagros Resources Ltd., as previously disclosed, is continuing discussions with the Minister of Natural Resources of the Kurdistan regional government with respect to various amendments that have been requested to the existing contractual terms of the exploration and production sharing agreement. The amendments now proposed by the minister include a reduction in the working interest held by WesternZagros and additional bonus payments. WesternZagros cannot determine the outcome of these discussions at this time. If these proposed amendments were to be implemented, they would have an adverse impact on the company's interest.

We seek Safe Harbor.