Marsa Energy Inc. has reached a major milestone and has been awarded 4 production licenses on its Ortakoy permit in the Republic of Turkey.

Ortakoy Licence (AR/MRS/3913) - Republic of Turkey

On October 15, 2015, Marsa Turkey BV received letters from the General Directorate of Petroleum Affairs ("GDPA"), and the Ministry of Energy in accordance with Article 8 of the Turkish Petroleum Law, approving Marsa Turkey BV's application to convert Ortakoy exploration license AR/MRS/3913 (Area: 492 km2; expiry November 8th, 2015) into a contiguous series of 4 production licenses ARI/MRS/K/H17- b1-1; ARI/MRS/K/H17-a2-1; AR/MRS/K/G17-c4-1 and ARI/MRS/K/G17-c3-1 (total Area: 171 km2). The 4 production licenses retain all current fields (Destan & Poyraz Ridge), discoveries (Seheryeli, Demirtepe and Korukoy) and all prospects and leads which have been identified on the license to date.

Tags: Marsa Energy Inc.