Seventy-five miles from Bina Bawi runs Iraq's biggest export route, the Kirkuk-to-Ceyhan pipeline.

FORBES: Magazine Article

But Petoil needed a partner to shoulder some of the risk and put up the cash to drill Bina Bawi.

FORBES: Magazine Article

After several months of negotiations Prime in 2004 decided to contribute several million dollars for 50% of Petoil's stake in Bina Bawi and several Iraqi oil prospects.

FORBES: Magazine Article

Adjacent to the ridge formation that marks Bina Bawi is a field called Taq Taq, where a Swiss-Canadian outfit, Addax Petroleum, says it found 2 billion barrels in September.

FORBES: Iraq's Wildcats

If successful, Bina Bawi will be Prime's biggest investment.

FORBES: Iraq's Wildcats

The idea was to reach a target depth of 9, 500 feet in a Bina Bawi field around New Year's and uncork what seismic studies indicate could be 500 million barrels of oil.

FORBES: Magazine Article