Zeta Spuds Duzce-1 in Northern Turkey

Zeta, the Operator and 70% working interest holder, is pleased to announce that the Duzce-1 exploration well has commenced drilling in the Duzce South license in Northern Turkey.

The objective of the Duzce-1 exploration well is to evaluate the gas production potential of the Caycuma formation between 760 meters and 1,000 meters.

The drilling operation is expected to take 17 days (plus additional days for testing).

The Duzce South license is located directly onshore from the producing South Akcakoca offshore gas field held by Toreador Resources Corporation, Stratic Energy Corporation and TPAO.