RE:RE:RE:RE:Enter Turkish Petroleum ?I dont think any of the other players are interested in TP as a partner if they can help it. Just for the simple fact that TP likely could care less if thrace is profitable. I would believe their low end development threshold would be along the lines of just breaking even. The economic development and reduction of imports aligns well with the government.
VLE, EQ, TNP and PTI arent interested in deploying capital for breaking even. I do believe if EQ walked away soon, vle would bring on TP as a JV of some sort (maybe even combine all the licenses). The one big benefit there would be for extending licenses with the GDPA.
I'm also not sure TP has the expertise for tight gas/unconventional. They did one or 2 wells with Shell in the Dadas shale, in SE turkery