From Yesterday To Today

lncorporation of AME in the State of Delaware as a subsidiary of Aladdin Petroleum Corporation based in Wichita, Kansas led by George H. Bruce.

AME is granted exploration licenses in Turkey and becomes a petroleum right holder.

AME drills first exploration well in Turkey , Girdara-1 in Siirt region.

Oyman Sayer becomes a partner in AME. At this date AME is operating only one drilling rig in Turkey, a Bethlehem M58-C.

First commercial oil discovery Yasince-2, Diyarbakir in SE Turkey (the field name was changed to Molla oil field later on)

AME starts selling crude oil to MOBIL in Turkey

AME establishes partnership with Adolf H. Lundin led companies (IPC- International Petroleum Corp.) for projects in Turkey and a joint stock company was established in Vancouver, BC Canada called Trans Mediterranean Oil Company Ltd. (TMO)

Acquires Kahta oil field from Ersan Petrol Sanayii A.S.and becomes oil field operator

AME and TMO bring Wintershall A.G. and Huffco as JV partners to Turkey.

AME acquires two drilling rigs, National T-20, National T-32 and a Cardwell work-over rig from ERSAN Petrol San AŞ. At this date the rig count is four.

Under partnership with Bunker Hunt, AME brings PLACID OIL as a JV partner to Turkey. Under the same agreement AME brings a National 1320 drilling rig to Turkey with PENROD Drilling. The rig was the largest drilling rig in Turkey with API standards.

Drills first Turkish well for MOBIL in the Selmo field.

AME brings its fifth drilling rig to Turkey, an IDECO H-l 000 RAMBLER, in partnership with CHALLENGER DRILLING

AME brings ARDPET (TUSKAR RESOURCES Plc.) under a very extensive JV partnership to Turkey

AME brings NESTE OY (National Oil Company of Finland) to Turkey as a JV partner

AME brings Unocal as a JV partner to Turkey

After SHELL revokes KCA's drilling contract in Turkey after 20 years of service, AME takes over KCA in Turkey with all of its assets including two National 80B drilling rigs equipped And built to operate under SHELL specifications.

AME boosts drilling contracting services to MOBiL in Turkey with expanded rig inventory. AME is operating 8 rigs in Turkey in 1990

AME brings FOREST OIL and MONUMENT OIL Plc. as JV partner to Turkey.

AME and TURKAN Petrol(later on became Madison Oil) discover ZEYNEL oil field (Adiyaman in SE Turkey). Zeynel has been the largest discovery of AME in Turkey until to that date.

AME brings MOL(Hungarian NOC) as a JV partner to Turkey. This was MOL’s first international E&P involvement post fall of Berlin Wall

SAYER Family members founded Güney Yıldızı Petrol (GYP) as a service arm of AME led by Oyman Sayer

AME discovers oil at KARAKILISE (Diyarbakir in SE Turkey), AME’s second oil discovery in the Diyarbakır foreland basin

AME brings Tethys Petroleum AB as a JV partner to Turkey

AME brings JKX Oil & Gas Plc as a JV partner to Turkey

AME brings Melrose Resources Plc as a JV partner to Turkey for exploring South Mardin Basin Paleosoic play

AME drills its first well in Egypt for BURREN ENERGY Plc. solely as a drilling contractor. A milestone in AME’s expansion as an international drilling contractor

AME led consortium discovers oil at ARPATEPE (SE Turkey) The first oil commercially viable oil field producing from Paleozoic reservoirs in foreland basin of SE Anatolia.

AME brings Exile Resources and Valeura Energy as a JV partner to Turkey

AME demerges from Sayer Group under the patronage of Cem Sayer and George Bruce, re-structures and exits drilling contracting business and transforms solely into an Exploration and Production company under an expanded Board

AME is awarded new licenses and expands its projects significantly in Turkey

Deal of The Year; 4D Global Energy Advisors SA, leading petroleum industry private equity investor, becomes the largest institutional shareholder of AME

Oymantepe(East Sadak) oil field discovery; The lightest crude oil (43 API gravity) ever discovered in Turkey from a Cretaceous reservoir. This oil field has been the first commercially viable discovery with analogy to oil fields to Iraqi Kurdistan

AME&GYP discover oil at Petek-1 ExplorationWell in Karakilise Exploration License #2677

AME&GYP discovers oil at Basakli-1 Exploration Well in Altinakar Exploration License #2674

AME completes 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

SKYTOP BREWSTER RR 750 rig was brought to Turkey for workover operations

AME’s Cement Unit and Swabbing Unit start to operate in the field

Altınakar-2 and Altınakar-3 were put on production with an initial artesian flow rate of around 700 bbls/d each

AME’s DST equipment starts to operate in the field

AME brings UK Oil & Gas Plc. (UKOG) to the country as an investment partner for Resan license.

Acquisition and processing of 68 km 2D seismic data at Resan-Basur exploration license

Acquisition of 114 km new 2D seismic data to improve structural interpretation at Altınakar lease area

Acquisition and processing of 30 km of 2D seismic program completed at Gedikaşar exploration license

Discovery of oil at KARALAR-1K, Diyarbakir in SE Turkey. The Karalar fault closure is the Westerly extension of Basalan Bedinan structure in the adjacent exploration license where 41 API oil discovery was made in 2023 from the same Ordovician Bedinan Fm sandstone reservoir

Six production leases and two exploration licenses