2011 - Present

2011 – AME re-structures and exits drilling contracting business and transforms solely into an Exploration and Production company under an expanded Board;

 

2012 – AME was awarded exploration licenses in SE Turkey, after the restructuring of the Company;

 

2013 – Leading petroleum industry investor, 4D Global Energy, becomes a partner and invests in AME.

 

2013 – AME drills E. Sadak-1 Exploration Well in its Eruh Exploration License #5019;

 

 

2014 – AME discovers oil at E. Sadak-1 Exploration Well in its Eruh Exploration License #5019 and puts the well on test production in January.The oil is the lighest crude oil ever discovered in Turkey to date, being 43 API gravity.

 

 

2014 – AME discovers oil at Petek-1 Exploration Well in Karakilise Exploration License #2677 and puts the well on production on test production in February as an artesian well;

 

2014 – AME discovers oil at Basakli-1 Exploration Well in Altinakar Exploration License #2674 and puts the well on production in July 2014.

 

2014 – AME completed the refurbishment of its new drilling IDECO 725 rig in Abilene, Texas. The rig was brought to Turkey to perform back to back drilling in AME’s new oil fields.The rig is a 725 HP rig with top drive and is capable of drilling to sufficient depths in existing fields operated by AME.