RE:SASBWell, just my opinion....No...., fields are not producing as originally expected. They have a Severe Pressure problem in those wells and in that overall SASB gas area, ...eventually, in the entire SASB Block!!!..MAYBE!!!..
That could explain WHY, the predecessor company couldnt bring these reserves and resources to market and realize its full potential..Just my opinion...CEO, thought at the time , it was warranted and could potentially make money for themselves...off of this PLAY, and to successfully maintain a constant pressure flow for much longer periods...Today, we know...Not so!! ....Now we have GEO-Political problems in the area and just adds uncertainty presently.....CEO continues with its optimistic view....
Also, problem is the BOTAS pricing has not really changed...and can only decline going forward in my opinion....This drives and reflects the revenues and growth for EPS ( earnings-per-share)...TCF, has a real problem, unfortunately...there is unrest in the middle east and Turkey is in the heart of it potentially,...and if it escalates,..Turkey, may not be in good standing with its NATO membership!!..JUST MAYBE....Risks are definately high in the area...So, TCF, will be affected ...JMHO