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Anatolia Awarded Three New Dadas Shale Licenses

Source: www.gulfoilandgas.com 6/22/2012, Location: Europe

Anatolia Energy Corp. is pleased to announce that it has been jointly awarded three new Dadas Shale prospective licences in the Gaziantep District in southern Turkey with its partner, Calik Enerji San. ve Tic. A?. (Calik). The three licences cover a contiguous area of 366,990 gross acres (183,495 net) and are immediately adjacent to the existing Antep block in which Anatolia can earn a 50% interest.

The addition of these new licences expands Anatolia’s acreage position in the Antep block to 845,418 gross acres (422,709 net) and covers what the Company believes to be the entire extent of the prospective shale acreage within the Antep Basin. On June 11, 2012, the Company announced an updated NI 51-101 compliant resource evaluation report by Ryder Scott Petroleum Consultants in which it assigned a P50 gross best estimate of 318 million barrels (159 MMbbls net) of unrisked prospective resources in the Dadas Shale on the Antep block, excluding the three new licence awards. On an aggregate basis, the Company now has an interest in 11 licences in Turkey with exposure to 1.2 million gross acres (581,429 net) of Dadas Shale and/or conventional oil prospective acreage.

Within the Antep area, Anatolia has identified an expansive area of prospective Dadas Shale and a large portfolio of prospects in the Ordovician Bedinan sand and the Cretaceous Mardin carbonates. Based on recently acquired and interpreted seismic on the original Antep licences, Anatolia’s technical team has mapped a large, faulted structure that extends into the newly awarded licences.

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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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