Canada-based Valeura said it had completed its interpretation of a new 20-kilometre 2D seismic survey on Bostanci Licence 4985, which abuts the Syrian and northern Iraqi borders.
The company also reprocessed existing seismic on Karakilise Licence 5052 in south-east Turkey. Valeura owns a 100% interest in each licence.
However, "given the high exploration risk associated with the interpreted leads and prospects on these licences", Valeura needed farm-in partners to help fund a conventional exploration well on each tract prior to a mid-October spudding deadline.
"These
