Thrace Basin Heating upFor those who haven't seen yet I would suggest taking a look at Valeura Energy (VLE) and their Thrace Basin well announcement with Statoil! Things are heating up in the basin at last, after a seeming eternity (I've been a long term long suffering TNP shareholder).
If the VLE/STL well really proves up an extensive Basin Centred Gas Play then the other name worth looking at, and equally as forgotten as Valeura was prior to last week, is Transatlantic Petroleum (TNP).
TNP have 50,000 net acres in the block next to VLE's Banarli Licence (check the IPAA presentation on their website in the appendix for the location in the BCGA play outline).
https://www.transatlanticpetroleum.com/media/16734/2017-03-22-IPAA-OGIS-NEW-YORK.pdf
Similar to VLE the leverage to success is high - TNP still have only 53m shares outstanding and are trading at PDP PV10 value with a market cap of <$50m.
I own both stocks for full disclosure, just think TNP should also see some love off the back of this potential game changing well for the Thrace basin.