AYO unknown

another discovery

  1. 3,353 Posts.
    Cayidere 1 for Amity looks like another discovery for them. All we have to do now is to wait for the flow rate to get it confirmed but the tone/language of their annoucment looks like it is commercial.

    It does not look like a huge discovery (they were looking for 25 bcf versus current Gocerler estimate of 120 bcf) but as Gocerler already has the infrastructure in place and Cayidere is (from memory) 11 km down the road, they simply need to lay the pipes up to the Gocerler plant and sell that gas.

    Another tick in the plus column for Amity. Price went up a few cents as well.
 
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