Anatolia Energy Announces Spudding of Giremir-1 Well on Sinan Licence, Turkey

By Midnight Trader,  January 15, 2013, 01:49:03 PM EDT

Anatolia Energy Corp. (AEE.V) announced that its partner, Calık Enerji San. ve Tic. AS has commenced drilling at Giremir-1, the initial exploration well on the Sinan Licence in Turkey, where Anatolia can earn a 50% interest.

The Giremir-1 well commitment will satisfy the drilling requirements on the Sinan Licence pursuant to Anatolia's Joint Venture agreement with Calik and as required by the General Directorate of Petroleum Affairs, Turkey's energy regulatory body.

Giremir-1 is expected to be drilled to a depth of approximately 1,250 metres for a total cost of US$1.4 million.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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