Amity oiler’s,It has been an interesting two weeks with AYO –...

Amity oiler’s,

It has been an interesting two weeks with AYO – majorily misundestood in my opinion by the markets

The following is my logic from the drilling reports and quarterlies and annual reports lodged over the past two years regarding Gorcerler / Turkey.

Facts as I have read them;
Gorcerler has three zones of gas confirmed all by the G1 – G4 so far

G1 perforated bottom zone 19Mcft/day
G2 perforated middle zone 5.4Mcft/day
G3 perforated bottom zone 31Mcft/day (12m updip)
G4 perforated ( middle zone ?? ) 8Mcft/day

The zones are all within 10% of the same zoned wells after working out the various choke sizes used & different perforation length per zone

This give 60Mcft/day plus max … half throttle = 30 should be achievable + G5

Their recent quarterlies states that they are going to test an untested zone
(??? top zone ) ??G5
Total reserve estimates on the bottom zone ( main ) are available … therfore what is the real total if middle and should the top zone be successful ???

It does not seem logical or appropiately managed to keep perforating the bottom zone in a tight vacinity of each other

Predicting 13Mcft/day now plus the extra 5.6 shortly = 18.6 plus
Do the sums ?? when the market starts seeing the US$$ rollin in

With the electricity dereg in WA bring on Whicher 5….

Also trying to recall were I read about A.B involvement in a Turkish electricity
Company ?? anybody else see this .. approx 3-4 months ago ??

Interesting one line in report how AYO don’t expect IRAQ to affect production or exploration .

Asking for your comments and or corrections if I’ve got it wrong.

I am excited and buying in !! Med to long term picture
Buy the dips while in uptrend is what I’ve read. Above 13,21 day ema

Keep smiling all who banked 50% plus in the last few months !!!!