RE:RE:RE:RE:RE:Almost 3 years solo life in Turkey Agree with some but this is not exploration. It is an appraisal well and no chance it is dry. It is all about sustainable fllow and decay curve. Four nearby wells are already fracked and test flowed. Yamalik and Devepinar even long term tested
SMlachake wrote: Hannamuk. I agree with you on that but this are exploration targets, its a different animals vs a development asset. So if you read more, they are seeking a company with capacity for this sort of an undertaking. With exploration wells, you are lucky if you get 10% right. This is also tight formation which means it may need a decision to fracture and then money to do so. It is not going to be cheap, it's going to be high risk and then, of one is dry, it should not be the end of the game. Even if they hit, how much us needed to develop this field? If you look at all this factors, the depth of Valeura bank account, you can see why going alone here is the extreme last resort imo. We need deep pockets to go a marathon. This is not a splint. Acquiring and developing Thailand's 2 assets is the right move, it gets funds flow with minimal risk. Imo.