In 2024, GL Group acquired a 25% equity stake in Gazelle Energy Limited, a Canadian company that holds 100% ownership and operates the Thrace Basin Block F17-b4 license in northwest Türkiye. This 145 km² block is a tight gas appraisal and development play with a discovered 65 Bcf (2P) gas reserves and significant upside potential.
Gazelle Energy Limited is an internationally focused exploration and production firm founded in 2018. The enterprise aims to build a highly profitable organization through innovative petroleum technologies. It seeks to achieve this by maintaining a strong commitment to continuous improvement and excellence in safety, quality, and environmental stewardship, enabling the maximization of return on investment.
The company's leadership team has a proven track record of identifying, developing, and optimizing oil and gas opportunities worldwide. Each member contributes a specialized skill set to drive the execution of strategic objectives.
For more information about Gazelle Energy Limited, visit: www.gazelle-energy.ca
