TR Oil & Gas Exploration Update & Discussion

Sanchez

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Cant we(TPAO) do this on our own?
Not yet in a cost friendly manner that is scalable, as far as I understand. So others will take half of the pie while doing the minimum work. And so continues our journey. We sure like Canadians when it comes to extracting our wealth for us.
 

TheInsider

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I find it wrong to give it away,stupid decision by whome ever.
Trillion Energy has a local partner for the mentioned project. That might be the key.

Here is the partner of Trillion Energy. It has nothing to do with the oil exploration business. I'm %100 sure that the owners of that company know the right people in turn they are getting %50 of the deal without doing much.

Owner of Derkim is Yavuz Aydın. An Imam Hatip graduate from Trabzon/Vakfıkebir.

 
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TR_123456

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Trillion Energy has a local partner for the mentioned project. That might be the key.
So,the local partner does all the work and T.E. gets free money?
What loser mentality this is.
 

Pilatino

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They play GTA style stock exchange fraud in real life. I'm sure some "patriots" bought the Canadian company's papers / lots before the treacherous deal 🤝 in addition to the bribe.
 

Zafer

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Good thing more and more efforts are being made to extract hydrocarbons from Turkish territory while oil still has value. And it is a good thing to have reliable Turkish partners involved in it rather than trusting the business to Western capital and their local cronies.
 
D

Darth micky mouse

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In South korea scientists developed superleiter which works at room temp.

and in good old Turkey the stealing islamist government tries to get a piece of the drying hydrocarbon cake by wasting billions of taxpayer money
 

MhhJA

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How does the extraction and the commercialization afterwards work?

Is T.E obliged to sell all the extracted oil to us?

Do we get 50% for free and the rest is sold to market prices?

Do we pay in lira or in dollars?

I think if we can answer these questions we can estimate how good/bad of a deal we have.
 
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Zafer

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Foreign partners bring the foreign currency in cash at once (for license, etc)
TPAO brings the local currency after making sales.
One of them is to save the day, another is to save the future. They don't care about the future.

Saying that the government does not care about the future is absurd, to say the least. There are many more investment areas that the government has to invest in and not getting foreign investment will leave those areas uncared for if the investments are not made in a timely manner. We could try and do every investment ourselves and watch the age of fossil fuel be gone before we can.
 
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Yasar_TR

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Any more off topic comments in threads; warning and bans will be given.
Please refrain from off topic issues.
There is a political thread if you need to discuss political issues.
 

Anmdt

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Saying that the government does not care about the future is absurd, to say the least. There are many more investment areas that the government has to invest in and not getting foreign investment will leave those areas uncared for if the investments are not made in a timely manner. We could try and do every investment ourselves and watch the age of fossil fuel be gone before we can.
TPAO's oil can be subsidized.
Foreigner's oil can not be subsidized.
When a time comes and oil prices hit to the ceiling for some reason, we will see the difference.
End of the discussion.
 

Bogeyman 

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TPAO's oil can be subsidized.
Foreigner's oil can not be subsidized.
When a time comes and oil prices hit to the ceiling for some reason, we will see the difference.
End of the discussion.
You are stuck with unnecessary issues while you still haven't been able to increase Turkey's daily oil production to the level of 100 thousand barrels. Anyone who sees it will think that Turkey has earned tens of billions of dollars from oil exports. First of all, we need to increase our own oil production to the level of 200 thousand - 300 thousand barrels per day. And we need to do this immediately. While our daily oil demand is 1 million barrels, still worrying about the profit share is "burning a quilt for fleas". Friends who worry so much about the profit share forget that the extracted oil will be sold to the private sector in TL, which will close the foreign trade deficit.
 

Bogeyman 

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Ukraine now threatens to shoot down civilian ships approaching Russian ports. This means that the Russians cannot export oil by sea. It is possible that this will adversely affect international oil trade and result in a spike in oil prices.
Folks, if the barrel of oil is 100 dollars, the liter of gasoline in this country will be sold for 50 TL. You know, you said that foreign investors will take the profit and take it away. When you see that expensiveness, you will beg them to invest in the country. Let Turkey's daily oil production rise as soon as possible. You will want people to see cheap gasoline.
 

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