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Anatolia's Oily Shale Well Activity Gains Momentum

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Anatolia's Oily Shale Well Activity Gains Momentum

Anatolia Energy Corp. reports that Giremir-1, the initial exploration well on the Sinan Licence in Turkey, has completed drilling operations at a total depth of 1,250 metres.  The well was drilled ahead of schedule and on budget at an estimated cost of US$1.4 million. The well penetrated the Upper Sinan Formation at a depth of 1,066 metres.

Giremir-1 satisfies the drilling commitment on the Sinan Licence pursuant to the Company's Joint Venture agreement with Calik and as required by the General Directorate of Petroleum Affairs (GDPA), Turkey's energy regulatory body. While no hydrocarbon shows were encountered during drilling or logging, Giremir-1 satisfies the work commitment of the Sinan Licence and also satisfies the district drilling obligation which includes the Bismil Licences…

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