Re drop
As recently as September the Turkish lire (lira??) cost 34 cents US. Today it's a little under 26 cents.
I've no idea how the pricing structure works for gas in Turkey, other than all the glowing comments about $8 or $9 pricing. Of course, imported gas is going to be 25% (approx.) more expensive than it was in September, in local currency. It might be a leap too far to assume that domestic producers will escape unscathed from this currency carnage.
As I see it, the only other possible explanation could be underwhelming drill results. In the deep background, always lurking in a microcap scenario, is the possibility of a capital raise. I wouldn't think that very likely given the recent cash situation, but never say never. As we get closer to summer, the company might well decide to sell 10 milliion new shares to fund a rapidfire gas plant expansion if drilling results warrant. Just a thot.