This is potentially a very large discovery. The company quote...

This is potentially a very large discovery. The company quote fill to spill could hold oil in place of 1.2bbo yes billion. It will be heavy oil but potentially recoverable 200mbo and they have an option for some couple of million and change to go to 45% ownership.

The largest oil field in Turkey(1.5bboip) is only 17km to the north and the structures look very similar.

Now I'm no Geo but the trap is a compressed horst indicating potential for good rock fractures. Combine that with lateral drill and other modern production techniques with all the infrastructure only a few k away and this could be a real bolter.

I have taken a small position on spec.