RE:Big Picture Looks Quite Bright From My Viewpointkarmanow, you are very optimistic. i hope it jumps up to 5 but lets be a bit realistic.
the seismic on oil block is not processed yet. the seismic company claims that they have not been paid. TCF is looking for a partner not sure if they will get one. So we dont know if the well will be free of charge or not. "It would be great if TPAO wanted to be partner" is just a wish.
"TPAO is buying Cendere" means they lose the monthly revenue, plus no indication of closing date.
For sidetracks they will need offshore rig but there are 2 court cases with the rig owner. They should consider to get one from mediterranean which will be expensive.
we all wait for an update on the perforations. it supposed to start mid-june. i wonder if there is a delay due to Eid in turkey.
they definitely need the gas sales if they sell cendere. but, like TCF said oil block can be a game changer if they will be able to drill.