RE: Old post but may be worth a read...24 Jul 2020 13:05
Stockraiser - Snippit from that site...
It is well-known within the industry that Turkey would benefit greatly from increased exploration and production (E & P) investment and a much broader application of modern technology and industry practices, including 3D seismic imaging, deeper vertical drilling, horizontal drilling, hydraulic fracturing, workovers and recompletions, as well as secondary recovery methods. These practices and technologies, if employed on a larger scale, have the potential to dramatically increase reserves and production from both conventional and unconventional plays. While that potential cannot yet be accurately quantified, due largely to the infancy of these practices, there is reason to be very optimistic based on the initial results of some pioneering work being done by local and international players.
In addition to this untapped potential, Turkey’s competitive royalty rate of 12.5% and corporate tax rate of 20% result in relatively high profitability in a global context and make Turkey a very lucrative target for investment. Given strong reference prices, and a Government take that is amongst the lowest in the world, companies operating in Turkey should be capable of reaping very robust returns.