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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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29.03.2017
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Hayır (No)
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As previously announced in our Company's Public Disclosure dated 29 March 2017, with an aim to expand our expertise in geothermal drillings for exploration and generation to oil exploration operations in territories, Turcas Petrol A.Ş. had submitted an oil exploration license application for M-22A plot, which is located in Denizli, to Turkey's Ministry of Energy and Natural Resources Petroleum Directorate on 17th of March 2017.
Related to this application, according to the invitation from Turkey's Ministry of Energy and Natural Resources Petroleum Directorate, "Investment Program" had presented by Turcas Petrol A.Ş. on 4 July 2017 for the inspection of Petroleum Directorate in line with the legislation.
In accordance with the above mentioned information; an oil exploration license application for M-22A plot within Denizli province has been evaluated and approved. After the completion of the related procedures and obligations, Turkey's Ministry of Energy and Natural Resources Petroleum Directorate will hand over the license to our Company and we will start exploration operations accordingly.
According to "Investment Program" presented by our Company to Petroleum Directorate, primary investment amount, which is to be utilized in drilling studies during the first 5 year period, is expected to be USD 2,7 Million at minimum. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.