Concession Summary

Licence No:	AR/MER/4328-4397-4398
Date Awarded	September 06, 2007
Valid Until:	September 06, 2011
Area:	48.710, 37.682, 37.268 Hectares Respectively
Shares:	% 100 Merty Energy Inc.
Location:	Northwest Turkey

Thrace Basin

• Tertiary clastic basin, clastic and carbonate (reefal) reservoirs.
• Thrace Basin is the second mature HC exploration & production area of Turkey.
• Main Production in the basin is Natural gas.
• There are about 25 producing gas fields.
• Fields produce from Eocene-Oligocene clastics and Upper Eocene reefs.

Highlights

• 3 Blocks together. 1 Block waiting for approval.
• Proven and well identified HC system on onshore part.
• Offshore part of the basin needs further explorations.
• Stratigraphic and structural traps.
• An active strike slip fault (NAF) passes throughout Sea of Marmara from east to west
• Qualified geological and geophysical datas.
• Ready and mature market conditions.
• Developed industry and gas need for energy.

Prospects and Hydrocarbon System

Primary Target: Oligocene-Miocene sandstones, Eocene carbonates and clastics.
Source Rock: U. Eocene-Oligocene Ceylan Fm, Oligocene Mezardere Fm.
Cap Rock: Oligocene – L.Miocene shales comprises cap rock properties.
Plays: Both stratigraphic and structural traps.
Porosity: Vary between 5-20 % for sandstones, 12-26 % for carbonates.
Permeability: sandstones; 5-25 md, carbonates; 2-3 md.

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