the turkey assets for sale

So they say in their AGM presentation.

I was previously an Amity/Antares shareholder when they sold their Thrace Basin gas assets for $44M (from memory). This project was a similar type project to Edirne, although I am fairly sure Amity owned a much higher amount of equity that OEL do in their project.

Still (and this is speculating now) people may well be surprised by what OEL end up getting for selling out of the project, although the other major holder would be the only likely buyer I expect. It would not surprise me to see US$10M being talked up.

Happy to hear other opinions on this.

They would add the money to their cash pile and use it on the existing stuff they already have. I suspect most of Galoc Phase 2 development and drilling costs (if and when it happens) would be mostly funded out of JV receipts from Phase 1.