CALGARY, ALBERTA--(Marketwire - Feb. 13, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") is pleased to announce that it has been included in the 2013 TSX Venture 50®, a ranking of strong performing companies listed on Canada's TSX Venture Exchange.
The TSX Venture 50® annually awards the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors: Oil and Gas, Mining, Technology & Life Sciences, Diversified Industries and Clean Technology. The 2012 TSX Venture Top 50 companies were chosen based their share price appreciation, trading volume, market capitalization, growth and analyst coverage, as of December 31, 2012.
"We are honoured to be part of the TSX Venture Top 50 for the second consecutive year," said Simon Hatfield, CEO of WesternZagros. "With 2,258 listed issuers on the TSX Venture Exchange, our top 10 ranking in the oil and gas sector is validation of the tremendous effort by the WesternZagros team in the execution of our exploration and appraisal plan in the Kurdistan Region of Iraq."
According to statistics compiled by the TSX Venture Exchange, in 2012 WesternZagros experienced a 63% growth in share price and 81% growth in capitalization of the top ten oil and gas sector.
WesternZagros will be recognized by the TSX Venture Exchange in an award ceremony in early April, 2013 to honour this year's Top 50 companies.
About WesternZagros Resources Ltd.
WesternZagros is an international natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq. WesternZagros's shares trade in Canada on the TSX Venture Exchange under the symbol "WZR".
WESTERNZAGROS RESOURCES WAS RECOGNIZED AS A TSX VENTURE 50® COMPANY IN 2013. TSX VENTURE 50 IS A TRADE-MARK OF TSX INC. AND IS USED UNDER LICENSE.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE