RE:RE:SO....WINTERTheLandedEagles wrote: Consider this...Turkey..is unlike EUROPE...Turkey has existing strong Gas Imports..through TURKSTREAM Pipelines, 60% of their needs of imported gas comes from Russia and Iran, and Im sure a few others and will comtinue in the future. NO GAS shortage for Turkey in the near future. Their major 23 tcf gas discovery in the black sea reinforces and secures their future longer term needs. Consider, Trillions partner, and BOTAS are both State Owned... , and BOTAS sets Trillions monthly gas revenues...Its factural..., Trillions peak production will come mid next year with all 20+ drill holes completed and flowing....thereafter, you see production declines year after year for the next 4 or 5 years. By then, if no other energy resources are found and brought into production, Trillion, and its diminishing gas reserves , production and revenues, will decline drastically...and may put TRILLION, out of business. Just saying,...consider these facts and possibilities this affects all shareholders...and their investments. Many have been flabbergasted, for months now, and cant figure out as to WHY shares have be so suppressed and failed to move higher with each successful drill and revenues....This may explain, the market reactions for the last 9 months or so...Things to consider...
Decent attempt at backpedaling but still a fail. Who said turkey had a gas shortage ? Key word "had". What we have all pointed out, along with the govnt, and botas, and Tcf, is the severe shortage turkey has of ALL forms of energy from DOMESTIC production. And yes they are extremely vulnerable and dependent on Russia for gas,coal,oil, and even nuclear for power. This makes the Black Sea gas and TCF hugely important to turkey economically, politically, and every other way. You seem flabbergasted by economics. If all they do is bring on 20 wells that produce for 4 or 5 years they'll go out of business? Aren't you forgetting something? Something REALLY important? What about the 4 or 5 years of cash flow from 20 boomer gas wells? Have you even attempted to consider that math for a 35 cent cdn stock? Q1 they reported $2.2 USD profit. On 2 wells. So....20 wells = $44 million usd. For one quarter. So times 4 = $176million $USD per year. For let's call it 4 years, though it'll be productive for much longer at a lower rate. That's 176x4 = $704 million USD. That's nearly $1Billion CDN.
Flabbergasting!! 35 cents today for $2.68 per share over 4 years. Nice return ..... for starters.
PLUS More drilling, more fields, more countries, and a "major" JV partner ? Yes please. Also flabbergasting.... why you keep taking shots at shareholders, Tcf, and the country.