RE: The ability to see the future... NOT4 Jul 2021 16:55
Anyone? Has anyone any idea about why this well is going to find commercial oil?
Yes :-)
1. Basur-1 was drilled 30 ish years ago and found oil
2 Basur 3 is 0.9 miles away
3. 30 years more technology, extraction techniques , seismic, Perf guns, etc
4 oil price has risen
5 Turkey is more stable and developed
6. Batman refinery and the excellent D370 road has been developed (90 min)
7. Export pipeline from Batman to the Med sea
8 Two limestone targets. One proven 30ish years ago
Whilst nothing is 100% guaranteed much of the risk is de-risked