Middle East Economic Survey

VOL. XLVIII

No 43

24-October-2005

TURKEY

JKX Farms In To Thrace Gas Exploration

JKX Oil and Gas of the UK on 13 October announced that it had farmed in to two onshore exploration licenses in Turkeys Thrace region. The two licenses, AR/AME/3998 and AR/AME/3999, cover a total area of 897 sq km and are 100% held by Aladdin Middle East (AME). JKX will acquire 25% by paying 50% of the costs of study work and new seismic up to a maximum of $415,000. Tethys Oil Turkey will...