It was reported on 6 February 2020 that TransAtlantic Exploration Mediterranean Int. Pty Ltd (TEMI) has transferred its full 50% interest and operatorship in E17-C2-1 production lease to Petrogas Petrol Gaz ve Petrokimya ÃrÃ¼nleri Ins. San. ve Tic. A.S. on 28 January 2020. As a result of this transaction the revised equity split for E17-C2-1 lease is as follows: Petrogas 55% (operator), Petrako Petrol Dogalgaz Ins. Taah. Isle. ve DÃ­S Tic. Ltd. STI. 10% and Valeura Energy Netherlands B.V 35%. TEMI and Petrogas, both are the subsidiaries of TransAtlantic Petroleum.  TEMI had submitted the application to the government on 16 September 2019 for the approval of this transaction. The licence, located towards northwest of the country in Thrace Basin, covers an area of 116 sq km and it was awarded to TEMI on 4 December 2014.
TransAtlantic Exploration Mediterranean Int. Pty Ltd (TEMI) has transferred its full 50% interest and operatorship in E17-C2-1 production lease to Petrogas 