VLE.to: Everyone is chicken to invest in Turkey, that's why this discovery is being valued like chopped liver by many, but I think when drilling and testing resumes they're going to put up some numbers that put the Turkey on the table.
I understand the trepidation about investing in Turkey, Erdogan is a wild card, but even at that, Turkey has no history of ever nationalizing an asset or company. Valeura's partner, Statoil (66% owned by the state of Norway) is the best strategic partner one could imagine for bringing political pressure to assure Turkey acts in the best interest of free markets. Turkey is 99% reliant on foreign natural gas supply and desperately needs this asset to be developed, which could help stabilize their energy supply....and even the value of their currency.....yes, this discovery is really that big. The asset also happens to be smack dab in the middle of some major energy pipeline fairways, so investment to get it to market will be minimal.
I have invested significantly here, I think these slides go a long way to showing the value here:
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
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