By the time any renewal of licence is due and work had not been done satisfactorily the licence is gone .
Sanderson needs to understand that he is operating in Turkey not in the courts of UK .He wont get a secomd chance .
The presidential elections are run in 10 days amd ERDOGAN will win ,he wont waste any time and within 3 months UKOG and AME dont produce oil they are out.
Thats how he runs his country ,you dont get a second chance if you fail.
It is taking so long because it wasnt well organised, it took them even weeks to find a perforation gun.
It isnt a joke if i say that the way they operate they will lose their licenses. ERDOGAN Isn't a man to upset or let down. He has made it very clear to all licensees, find it produce it in weeks not years.
ERDOGAN, who had won the parliamentary elections last Sunday is poised to win the presidential rerun on the 28th ,he had promised to speed up exploration in the South East ,the former heartlands of the PKk and had said the region has enough to make Turkey energy independent in the next 5 years then becoma an exporter Turkey produces about 100k bopd and uses 1m bopd.
There isnt any oil producing well within 40km ,the whole region ,thats thousands of kms were unexplored or drilled amd plugged for political reasons .The drills that reported only water are now producing oil .It was only recently the whole region was cleared of the terrorist PKK ,trained funded by the west,iran,Iraq, syria .
Wont sing or croak it untill the RNS.
The operations are in AME s hands ,ukog have none operated 50% interest so the silence this time isnt all from Silent Ste.
Unlike the Weald the region is a proven major oil producer, so there is a chance it can be transformational
There is and will be demand for online agents, what went wrong for Purple is that they expanded too fast .Instead of building a model that was a sort of mirror image of traditional agents, they instead went for quantity without the quality .
Axel has written off his investment ,Pindar must be skint so that leaves the lecram owner Smith to play with whats left
Cash left will be returned how ever anyone betting on 2p per share will be disappointed, thats £6m
Id guess it will be less than £1m after carpet bagging
There is a long term view ,for those who own it under private ownership, that means instead of the purple purple bricks for sale sign it will be a purple Bricks sign.
Thats the good will what ever its worth
Strike bought the assets not the good will ,purplebricks name remains but change to Bricks and will need funding to start new amd under private ownership
The new company will need a round of donations from remaining shareholders to trade ,i guess about £20m
Most of the oil accumulations in the geographic region has been at over 1400m ,they have drilled to 600m to test ,they will know from this testing if there is oil there but i doubt they will flow it from the 400 to 600m ,it wil be if there is at a deeper interval.