Below is an extract from Transatlantic Reports First Quarter 2010 Financial Results
Thrace Basin
"The Company began selling gas from its Edirne license, where is holds a 55% interest, in early April. Production from the eight producing wells averaged about 9.7 million cubic feet per day for the first month of production. The Company is engaged in a drilling campaign on the Edirne license and is currently drilling Somurcali-1. "The economics from the wells at Edirne are very good, given the shallow depth of the wells and the high gas prices," Mr. Mitchell observed."
Looking good for the second income stream for Oel!
edirne gas average 9.7m cu ft per day
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