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  • New gas discovery in the Black Sea, Turkey

    Jan 26, 2007 6:52:00 AM MST

    New gas discovery in the Black Sea, Turkey
    http://www.cnw.ca/fr/releases/archive/Janua ry2007/26/c9626.html

    Stratic Energy announces sixth gas discovery in Black Sea, offshore Turkey
    (Stratic-Energy)

    CALGARY (CP) _ Stratic Energy Corp. (TSXV:SE) has announced a sixth
    natural gas discovery in the Black Sea off Turkey.

    The Akcakoca-4 well, drilled from a semi-submersible rig from the same
    surface location as the Akcakoca-3 well, tested a separate structure
    on the same geologic trend, Stratic said Friday.

    Stratic=80=98s share of the discovery is 12.25 per cent, in
    partnershipwith Turkish national oil company TPAO and Toreador
    Resources Corp.

    The Akcakoca East discovery well encountered 37 metres of gas-bearing
    sands in three zones between 1,159 and 1,375 metres in depth. The
    deep zone tested at 8.6 million cubic feet of gas per day.

    The new well is east of the recently announced Akcakoca find and north
    of the Ayazli, Dogu Ayazli and Akkaya discoveries, where the first gas
    expected in the current quarter.

    The Akcakoca partnership is retaining the rig for the next well in the
    exploration sequence, on its Guluc prospect, described as the largest
    in the South Akcakoca play.

    INDEX: BUSINESS OIL&GAS INTERNATIONAL
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