TransAtlantic recently completed several wells in its Bahar field. Well locations were selected using 3D seismic from the Company's 872 km2 (337 mile2) seismic program in 2013-2014, which was the largest in Turkey's history.
The Bahar-4 (100% working interest) had an initial production rate of more than 500 BOPD from its upper Bedinan zone at a depth of approximately 10,000 feet, and has produced an average rate of 450 BOPD during its initial seven days of production.
The Bahar-3 (100% working interest) had an initial production rate of more than 400 BOPD from its upper Bedinan zone, which produced an average rate of 350 BOPD during its initial seven days of production. Combined with production from the lower Bedinan zone, at a depth of approximately 10,550 feet, the average production rate for the Bahar-3 during the most recent 7 days is 470 BOPD. The Bahar-3 and Bahar-4 are currently flowing up casing. TransAtlantic expects to install production tubing on both wells in October 2014.