Exploration & Production
TransAtlantic Updates Ops at West Molla, Thrace Basin Prospects
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TransAtlantic Petroleum Ltd. has reported the receipt of an exploration license in southeast Turkey and provide an operational update.
Award of West Molla Exploration LicenseTransAtlantic was recently granted a 61,561 acre (24,913 hectare) exploration license immediately offsetting the Company's existing Molla licenses. Inclusive of the new license, the Company now holds exploration and production licenses totaling approximately 160,000 contiguous net acres in southeastern Turkey (65,000 hectares), all of which is prospective for the Mardin, Bedinan and Dadas shale formations. The Company is planning to acquire 300 km of 2D seismic and drill an exploration well on the new license during the next 12 months, most likely to test the Bedinan formation.
Operations UpdateTransAtlantic's 7-day…
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