During Q3 2019, DNO successfully drilled a deeper pool test well on the Tawke Field (Zagros Foldbelt Basin) in the Kurdistan Region of Iraq. The Tawke 57 exploration well was designed to test Jurassic horizons below the main Cretaceous reservoir and is currently awaiting testing. The well forms part of DNO's 2019 drilling campaign on the field, which includes up to 14 wells. The majority of those will target the Cretaceous but also the shallower Miocene Jeribe reservoir.<P />The Tawke Field, which is located on the Tawke Block, was discovered by DNO in 2006 with the Tawke 1 NFW. It came onstream in 2009 and produced around 76,800 bo/d during Q3 2019, down from around 109,000 bo/d in July 2017. The company is currently conducting an infill drilling programme to stabilise and then increase production.<P />On 24 August 2017, DNO reported that it has been assigned the 20% interest in the Tawke (Zagros Foldbelt Basin) block held by the Kurdistan Regional Government (KRG). The transaction formed part of a settlement of outstanding receivables owed to DNO for past crude deliveries. In addition, the company will also receive 3% of gross license revenues each month from the KRG over a five-year period. Following the settlement, DNO operates the block with a 75% interest, with the remaining stake held by Genel Energy International Ltd (25%).
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