In early July 2018, TransAtlantic Exploration Mediterranean International Pty Ltd (TEMI) was continuing completion and testing operations at the Cavuslu 1 exploration well in Block 4845, southeast Turkey. The well has flowed high API hydrocarbons from two intervals in the Bedinan Formation and has produced a cumulative 184 bo from the Dadas Shale Formation. Following testing of two additional zones in the well, the well be placed on long term production testing. On 10 August 2017, TEMI announced that the well had reached a TD of 3,460 m and the Lower Bedinan Formation had flowed high API oil and gas on perforation. Cavuslu 1, which was spudded in May 2017, is designed to test the Ordovician Bedinan and Devonian Hazro formations in a structure identified on 3D seismic that is similar to the Bahar structure. It has a drilling cost of approximately USD 1.7 million. TransAtlantic has estimated the Cavuslu prospect has potential recoverable reserves of 12 MMbbls of oil. Block 4845, which covers an area of 244 sq km in the Southeast Turkey Fold Belt, is 100% owned and operated by TEMI. It contains the Bahar oil field which was discovered in October 2012 and is currently being developed by TEMI.
Cavuslu 1 (Transatlantic 100%) in 4845 contract, flowed high API hc from two intervals in the Bedinan Fm and has produced a cumulative 184 bo from the Dadas Shale Fm.