New gas discovery in the Black Sea, Turkey

Jan 26, 2007 6:52:00 AM MST

New gas discovery in the Black Sea, Turkey
ry2007/26/c9626.html

Stratic Energy announces sixth gas discovery in Black Sea, offshore Turkey
(Stratic-Energy)

CALGARY (CP) _ Stratic Energy Corp. (TSXV:SE) has announced a sixth
natural gas discovery in the Black Sea off Turkey.

The Akcakoca-4 well, drilled from a semi-submersible rig from the same
surface location as the Akcakoca-3 well, tested a separate structure
on the same geologic trend, Stratic said Friday.

Stratic=80=98s share of the discovery is 12.25 per cent, in
partnershipwith Turkish national oil company TPAO and Toreador
Resources Corp.

The Akcakoca East discovery well encountered 37 metres of gas-bearing
sands in three zones between 1,159 and 1,375 metres in depth. The
deep zone tested at 8.6 million cubic feet of gas per day.

The new well is east of the recently announced Akcakoca find and north
of the Ayazli, Dogu Ayazli and Akkaya discoveries, where the first gas
expected in the current quarter.

The Akcakoca partnership is retaining the rig for the next well in the
exploration sequence, on its Guluc prospect, described as the largest
in the South Akcakoca play.

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