Otto Energy Ltd has sold non-operated producing gas assets in Turkey's Thrace Basin to Valeura Energy Inc for $3.1 million. Otto will acquire a 35% interest in the Edirne Exploration license 3839. TransAtlantic Mediterranean Int Pty Ltd (55%, Operator) and Petraco (10%) retain their stakes.
The Edirne license covers 405 sq km ~200 km northwest of Istanbul near Greece and Bulgaria. Operated by an affiliate of TransAtlantic Petroleum Ltd, 11 wells have been completed in......
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