RE:RE:RE:RE:RE:RE:Tuna 1 Well Gas Discovery in Black SeaOf course I have looked at the reports, Water in some areas, condensate and gas in others and dry gas in others yet .. The thing is, the basin is HUGE and with that in and of itself comes still agreat potential. The Statoil science project on the field as well as the extensive 3D over almost the entire field will become more and more useful as more wells are drilled.
The challenge (As I see it) is that they want a partner with the pockets and technical ability to take this to the goal line. That means at least a 10 well drilling program. Finding the right partner is key. With the National Oil Company of Turkey amking the offshore discovery it may well now be the time to come to Thrace Deeps with all kinds of jingle in their pockets. Time will tell.
I am please that management gave themselves a drop dead date. If nothing happen in the first two quarters it will be time to look for strategic alternatives. Lots of opportunities out there these days.
Doc.