WESTERN ZAGROS, is a producer/explorer operating in Kurdistan, the semi-autonomous region of Northern Iraq. It is trading around $1.00 US, and can be purchased on the Toronto Venture Exchange (v.wzr) and on the pink sheets (OTCPK:WZGRF).
Their co-venturer is Talisman Energy of Calgary on the northern part of the block (40% Talisman, 40% Western Zagros, and 20 % Kurdistan Regional Government (carried interest).
Talisman is the operator of the current well being drilled: KURDIMIR-2.
They own 40% of the Southern Block, with 40% to be assigned (Talisman bailed out to save money and before a 5000/bpd discovery was announced at the well known as SARQALA-1). 20% KRG (carried interest).
Western Zagros is the operator.
The largest investors in WESTERN ZAGROS are TAQA (19% or so), Paulson & Co. (15% or so), and as of 11/30/11, George Soros. Need to confirm whether Soros is still in, but believe he is with 9% of the company's shares.
THIS FACT of OWNERSHIP IS WELL-HIDDEN BY THE MAINSTREAM MEDIA, and is rarely published.
They have recently announced an oil discovery on the northern block of 150 million to 1-2 billion barrells at the Kudimir-2 well.
The company's website lays out all the details, annual reports, recent presentations, etc.
They are drilling the deeper zones of the Kurdimir-2 well as I write.
Disclosure: I am long OTCPK:WZGRF.