Stratic’s first gas from Ayazli field

Stratic Energy Corporation announces that gas production commenced last Friday from its Ayazli gas field, in the Black Sea offshore Turkey.

Ayazli is the third gas field to start production under Phase 1 of the South Akcakoca Sub Basin development; the Akkaya and East Ayazli gas fields commenced production last year. Initial flow rates from Ayazli support operator estimates that production from the field will average over 10 mmscf per day. Production from the two existing fields has recently been around 17 mmscf per day, gross.

Operator TPAO has also started well intervention operations to add further perforations on the East Ayazli-2 well, in order to increase production from that field.

Stratic’s interest in the relevant licences offshore Turkey is 12.25%, and the operator is TPAO.