Incremental Discovers Gas at Edirne Project in Western Turkey

Incremental Petroleum has announced that the Edirne appraisal well Ikihoyuk 2 in Western Turkey (IPM 55%) has discovered 27 m of net gas pay over a gross interval of 87m. The net pay exceeded the predrill estimate by some 25%.

Ikihoyuk 2 is 620m west of Ikihoyuk 1, and encountered 27 meters of net gas pay, based on wireline log analysis, between 395m and 482m. Average porosity is an excellent 26%. Total depth of the well is 500m. The present operation is running 5 inch casing. The well will not be tested at this time.

The Ikihoyuk structure is one of some 17 structures mapped on the 2007 3D seismic and is a downthrown fault trap.
Gerry McGann, Managing Director, said, "The excellent results of this appraisal well move us one step further to commercializing the Edirne project."

The partners in the Edirne Gas project are Incremental Petroleum 55%, Otto Energy 35% and Petraco, as joint operator, with 10%.