Hi JBC,
You are valuing in Adatepe#1 and Yesiltepe#1 at only 17cents [current price 83c +17c.= $1.00]!??!
AEGIS EQUITIES value Gocerler+Cayirdere:90c.
and plus Adatepe: $1.40 ; and Plus Yesiltepe#1 at up to $2.37. [The full AEGIS EQUITIES report can be downloaded from www.Amityoil.com.au].
Even discounting these valuations of AEGIS for market purposes .... there seems to be a lot more than $1.00 to be factored into the price over the next month
,even with climbing gas sales and Whicher Range in the background .
Note that Cayirdere gas will be flowing into TPAO's transmission pipeline in 3 months , AYO's share of that is est. to be 6mmcuft/day.....and no need to find customers etc.,. AYO indicate that gas sales will reach 42mmcuft/day by Nov03 [AYO 50% share at 21mmcuft/day]. This makes no allowance for any developments at Yesiltepe#1.
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