Anatolia Energy Corp. says that its partner, Çalık Enerji San. ve Tic. AŞ. (Calik), 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 commitment well will satisfy the drilling requirements on the Sinan Licence pursuant to its Joint Venture agreement with Calik and as required by the General Directorate of Petroleum Affairs (“GDPA”), Turkey’s energy regulatory body. Drilling of Giremir-1 satisfies the work commitment of the Sinan Licence during its initial four year exploration period and satisfies the district drilling obligation which includes the Bismil Licences.

Giremir-1 is expected to be drilled to a depth of approximately 1,250 meters for a total cost of US$1.4 million. The deepest horizon to be drilled will be the Upper Sinan Formation. Although its hydrocarbon potential is unknown in this area, the Paleocene age reservoir produces oil in 5 fields in southeastern Turkey; most notably at the Selmo Field which is located approximately 47 kilometres northeast of the Giremir well.

Tags: Anatolia Energy Corp.