is amity worth a punt, page-4

Hi there Watso,

Nice observation. Taking WR out of the equation, surely the current/future production from the 3 Turkish fields are worth more than the current price? So if WR isn't costing AYO much in current cash, what's the value downside? On the other hand, if WR flows like crazy, they will be air-drilling production wells all over the place (vertically, horizontally and diagonally) and while there are too many zeros involved for my calculator to handle - 3 trillion cf of gas x a couple of bucks/thousand cf less farmout, capex and op costs must leave AYO market cap at a billion or two or three? Lots of upside when it's currently $120mill?

I'm not buying - but I'm still holding!