RE:RE:RE:RE:RE:Consolidation OpportunituesIt will take at least that long…..5 to 6 months to sort out this deal & get a clear picture what VLE bought. I only hope that there are no ‘skeletons in the closet’ emerging there. I also hope since this is a mature property that VLE will have a chance to implement some new technologies like polymer flooding (chemical), re-completions using new methods/high volume pumps or re-drilling of old wells based on updated 3D seismic. Not sure if re-drilling with horizontal wellbores is feasible there but this is something that works well for depleted conventional reservoirs. I'm keeping my share to see what will happen with that.
As for gas hub in Turkey (interesting post by bfw) it is just a political play by criminals from russia to safeguard EU dependency on russian gas supply. Neither russia or Turkey has the capital to pull this off so it will never happen. Even if it did, VLE would benefit from it big time.
G37