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ALMONITOR
Ogutucu went on, "The cost of
production is likely to be very high
and it's impossible for Trillion to do
this on its own. A rich investor is
required if the reserves are as big as
is claimed." Another Turkish oil and
gas veteran who has worked on the
Atrush oil field right across the
border in Iragi Kurdistan said that
contrary to TPAO's claims, the oil was
likely to be below the commercially
lucrative 41 API gravity grade
Oilfield Technology, an industry
publication, noted Monday, "No
economic discoveries have yet been
made pursuant to the farm-in by
Trillion and there is no guarantee
that any oil discovery will be made."
As of this year, Turkey's economy 2s
ranked as the 19th largest in the
world as measured by nominal GDP.
Only time will tell if the OIL play is even feasible....it sounds great BUT if it's NOT economicaly feasible then it's a DUD....this OIL play will MAKE or BREAK this company according to Art it's the best oil prospect he has ever run across in his life and certainly there are ELEPHANT oil wells near by....one in the BILLION barrel range in production right now.