Valeura Energy – Onshore Turkey

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Contact us for more details: Phone: + 44 (0) 20 7493 1977

West Thrace & Banarli Licences

Valeura Energy Inc.  is offering a select group of companies the opportunity to acquire interest in the deep rights of the Banarli (Deep) and West Thrace (Deep) Exploration Licences and Production Leases, located in the proven gas-bearing Thrace Basin, onshore Turkey.

Key points:

  • Drilling to date has demonstrated extensive gas-charged reservoir with a substantial GRV of circa 1,700 km3, over 37 Tcf of GIIP and total recoverable gas resources of 20 Tcf (gross);
  • Drill-ready Hanoglu-1 appraisal well aiming to unlock 2.8 Tcf of gross recoverable gas resources within the 221 km2sweetspot area of the pervasive, gas charged Upper Kesan reservoir;
  • Proximal gas infrastructure feeding strong domestic gas market, with total gas demand of circa 4.7 Bcf/d, and 99% of gas currently imported;
  • High realised natural gas price of more than USD 6/Mscf;
  • Favourable fiscal terms (12.5% Royalty & 22% tax) and supportive government.