quote:Originally posted by WineTrooper:
What are the land holdings for VLE in Turkey? They must have bought up/leased tons of it for your valuation to be considered sane?
Also I note that VLE's unrisked (proven?)estimate of their gas there is over 10 Tcf, with an additional 5 Tcf risked (unproven?).
Pretty impressive because the nat gas production in the entire U.S. in the year 2014 was 13.5 Tcf. Add to this that Turkey has enormous shortages and therefore the price is multiples higher than in the U.S., and I'm a believer in your forecasts.