Post by
TheLandedEagles on Nov 19, 2022 3:33pm
TakeOver/buy out in play here by partner TPAO...JMO
I can only see, eventully a buyout/takeover by the Turkey state owned 51%TPAO....no other party will be allowed to take out TCF 49% interest ...Im sure its written in their partnership agreement....and if in fact all these 17 wells are brought to production and if the potential exists for more low risk exploratory drilling on their own block and potential for acquiring new blocks in the black sea....it only stands reasonably to say...that their partner TPAO only will take TCF out eventually...no other party can get involved here , in my opinion...but TPAO...question here is at what price??...seeing the daily large volume here and the effort to suppress the share price with the huigh daily volume is not surprising...tells me larger forces are at play here...we may see a hugh upside shortly in price eventually and I believe it will happen very soon....I estimate , we will see the transactyion happen at the $2.00+ level for TCF shares and the Turkish government TPAO go at it alone to explore further the block and surrounding area....The potential here is very large and Turkey will do rhis alone eventually....along with the other major discovery thjey made just 100 miles north.....If and when this happens, will be definately welcomed by thje investment comunity...JMHO