RE:RE:RE:RE:RE:RE:Consolidation OpportunituesGazprom is the worlds largest and most profitable gas producer woth approx USD 100B 2022 profit and can easily handle it.
RU had 2022 budget surplus 240B.
Turkey is focusing offshore where there is 50 yrs of gas plus the new gas hub for Euros and wil even sink Greek ships and sboot down aircraft to defend it. Onshore is dead.
So many things to go wrong VLE has never closed or completed deal or program on time even the divestment of shallows in Turkey closed 8 mths or so late and various explorstion late they even lost a turkey license evenrhough they supposedly spudded 3 dsys before deadline.
Sell now u less a lomg term holder avg .45 share and dont care if goes back to .45 which it has and can do in 2 days.
cyber37 wrote: It 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