The following table details the Company's frac results in the Thrace Basin for wells completed since April 1, 2012 (excluding deep targets):
|Well||Working Interest (%)||Frac Date||# Stages||Net Pay (meters)||Porosity (%)||Peak 24-hour Test Rate (MMcf/day)||Initial 7-Day Average (MMcf/day)|
|*TDR-8 underwent two separate completions, one each in the Kesan and Teslimkoy formations. The fracs encountered a water bearing zone. TDR-8 is awaiting further testing after isolating the water bearing zone.|
The latest well in the program, the BTD-3, is the first deep frac in the Tekirdag Field Area and was recently completed in the Kesan formation at approximately 2,500 meters with test rates in excess of 1 MMcf/d while still flowing back.
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