The Adatepe gas discovery is located 6km east of the JV's Gocerler gas field, in Turkey's Thrace Basin.

The development plan of the Adatepe discovery includes a 16km pipeline to deliver gas directly to customers in the Cerkeskoy Industrial area. The capacity of the line will be up to 37mmcfd.

The discovery well is completed and ready for production with two appraisal/development wells planned. The first is expected to start drilling within a month. A gas processing plant will be constructed on the field.

Production is planned to begin before the onset of severe winter conditions in December with an initial plant capacity of 10mmcfd, which is designed to be rapidly doubled by adding a second separation module.

The budget for the initial Adatepe plant and pipeline is $US2 million and the two wells $US1.8 million. Amity will operate the Adatepe project.

The Cayirdere gas discovery is located about 33km east of the Gocerler gas field with TPAO operating a two well appraisal/development well drilling program which is planned to kick off in a month.

Further wells will be considered after the results of a planned 3D seismic survey are available.

A 9km pipeline, with a capacity of 10mmcfd, is planned to connect the discovery to the TPAO trunk pipeline system and then to industrial gas customers. A gas processing plant with a capacity of 10mmcfd will be constructed near the discovery well.

The budget for the Cayirdere plant and pipeline is $US0.71 million and the two wells $US1.4 million.

TPAO will operate the Cayirdere project and Amity will fund its 50% share of both developments from cash flow and existing working capital.