The Edirne license was originally awarded to Petrako in 31.10.2003, now managed by joint venture partners US Trans Atlantic / PEMI (55%), AUS Otto Energy / Edirne Energy (35%) and TR Petrako (10%) acting as a joint operator.

     To date, nine gas discoveries have been made (2006-2009) on the license with well testing successfully completed in 2008 - 2009.

     The Energy Market Regulatory Authority (EMRA) has also granted the JV a wholesale gas license. The JV will be the first to produce and sell onshore Turkish gas directly into the extensive BOTAS gas distribution network, which enables the sale of gas anywhere in Turkey for the best possible price, discount to the BOTAS price.

     The gas produced by the JV will be sold to a local gas distribution company for a 5 years contract in Turkey via BOTAS network. For sale the gas, a complicated gathering, processing and transmission system was built including 2 compression stations, 1 metering station and 9 km of export pipeline. Construction of all facilities was completed while testing and commissioning works are on going.

      Following the % 100 drilling success of prospects delineated by previous 3D data, the Joint Venture is now acquiring an additional 100 km2 of seismic data over the western part of the licence area. Petrako anticipates that further similiar low risk prospects will be identified on the new seismic, providing the potential for further drilling sucess and addition to the reserve base.