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President Z doesnt swing in that crowd. He slides in quietly through the back door.
All Putin cares about is Odessa. He wants that Northern coast line that used to be Russia. I Kind of don't blame him. It's like if America lost Florida to Cuba. LOL.
Thats the ultimate goal in all this drama. And expose NATO for what it has become.
I think South west Black Sea is insulated from all this drama. Plus Turkey owns Istanbul. Russias wet dream as far back as before WW1. Back when it was Constantinople. They can't ever get that. We'd need a WW3 and 4
Putin respects his ties to Turkey
Did you know? Turkiye's largest onshore oil discovery, containing 1 billion barrels of oil, is only 11 km from Trillion's newly acquired Eastern Block. This proximity underscores vast potential, paving the way for unprecedented growth and opportunity. $TCF 🇨🇦 $TRLEF 🇺🇸 $Z62 🇩🇪 pic.twitter.com/MZpDEvjtds
— Trillion Energy (@TrillionEnergy) August 16, 2023
Well, of course! After all, Hunter knows all the best ones!
Probably auditions them, himself. And Z-Man gets the
best of the best.
I saw that. Russia will not let any arms into Ukraine through the Black Sea. They are stopping everything. War is hell.
Is this the one they fired on?
I don't think Russia will no anything to muddy their relationship with Turkey.
You see where the US is paying for hookers to screw injured Ukrainian soldiers during their recouperations? It's insane. While Hawaii gets $700.
Russian Black Sea Fleet Intrudes Bulgarian Waters, Harasses Turkish Grain Freighter
Publication: Eurasia Daily Monitor Volume: 20 Issue: 131
By: Vladimir Socor
August 15, 2023 06:13 PM Age: 23 hours
?
(Source: Moscow Times)
On August 13, a warship of Russia’s Black Sea Fleet executed a board-and-search operation of a Turkish freighter that was passing through Bulgaria’s exclusive economic zone (EEZ) en route to Ukraine to load grain. The Russian crew fired warning shots from automatic weapons to intimidate the Turkish vessel into compliance.
According to the Russian Defense Ministry’s communiqué, the corvette Vasily Bykov “forced to a halt” the Turkish dry-cargo freighter Sükrü Okan, which was headed for the Ukrainian Port of Izmail in the Danube’s estuary. The Russian warship cited a purported right to “search for prohibited goods being transported,” without specifying what goods and which authority had prohibited them. The warship radioed warnings and opened fire from automatic weapons when the freighter attempted evasive maneuvers. The Russian boarding team alighted from a Ka-29 helicopter (organic to the corvette) onto Sükrü Okan’s deck, “conducted inspection work” on the vessel and allowed it to proceed toward Izmail. The communiqué locates the incident “in the south-western part of the Black Sea” without specification, cryptically adding that “Russian Black Sea Fleet warships continue patrolling the areas to which they are assigned” (TASS; T.me/mod_russia, August 13). Those areas are known to include Bulgaria’s EEZ (see EDM, August 3).
The Russian communiqué framed this action in terms designed to set a usable precedent for Russia to repeat such actions and for other parties to comply with them. It does not specify what prohibited goods were being searched for, nor which authority had prohibited them. All this implies a Russian self-arrogated, blanket authority to stop and search ships. Even more brazenly, this action took place within a third country’s (Bulgaria’s) EEZ, wherein the Russian warship had been “conducting exercises” for several weeks. In truth, this is the first incident on record in which the Russian military has opened fire—if only with light weapons—on a non-Ukrainian civilian target beyond Ukraine’s territory or waters in the Black Sea.
According to multiple ship-tracking services, the Sükrü Okan had departed from Istanbul that morning and had just crossed from the Turkish EEZ into the Bulgarian EEZ when the Vasily Bykov intercepted it (Agerpres; Der Spiegel, August 13, 14).
Map of Sükrü Okan’s Route
?
(Source: Dumskaya.net)
Turkish-owned and Palau-flagged, with an all-Turkish crew of 12, the Sükrü Okan is a 283-foot merchant ship that had routinely carried grain from Danube ports and was empty at the time of the Russian “inspection.” A widely circulated video made by the crew shows crew members passively sitting on the deck while the Russian helicopter is about to drop the boarding team, then the team walks on the deck. The Russians then searched the cabins looking through various documents.
Russia announced naval exercises with corresponding warning zones in Bulgaria’s EEZ from July 17 onward; it has renewed the notification to the Bulgarian government for 10 days at a time since then (Kapital; Nova News, July 27, 28; Novinite, August 3). The Russian Defense Ministry’s chief spokesman, Lieutenant-General Igor Konashenkov, has several times referenced the Black Sea Fleet’s corvettes Sergei Kotov and Vasily Bykov as participating in these exercises, purportedly “escorting civilian transport” or “controlling shipping” in this “south-western part of the Black Sea,” without naming Bulgaria’s EEZ. Konashenkov referenced these sister ships variously as operating singly or in tandem (TASS, July 19, 25, August 1, 2, 5, 13).
On July 26, the NATO-Ukraine Council’s communiqué noted that “Russia’s new warning area in the Black Sea, within Bulgaria’s economic zone, has created new risks of miscalculation and escalation, as well as serious impediments to freedom of navigation” (Nato.int, July 26).
Bulgaria’s current pro-Western government is slightly more than two months old (see EDM, April 6), following a long period of instability during which the Russian-friendly President Rumen Radev held sway over policy. The new government has reacted with restraint but growing firmness to these events. It seems distinctly possible that Russia has singled out Bulgaria for holding naval exercises in the country’s EEZ as an intimidating response to the change of government.
Bulgarian Defense Minister Todor Tagarev and other defense officials have told Bulgarian media that foreign warships have a legal right to sail through the EEZ; however, any naval exercise and warning zone is normally limited to a few days and are not considered good practice. They have further noted that this must not impede the navigation of commercial and naval vessels and that Russia has no right to impose embargoes or other restrictions on maritime traffic. Additionally, they have expressed unease regarding natural gas projects in Bulgaria’s EEZ while Russian warships exercise or cruise there (Novinite; Mediapool, July 27; BNR.bg, July 30; see EDM, August 7).
The Bulgarian Foreign Ministry under Mariya Gabriel underscored Russia’s “use of food supply as a weapon to achieve imperial ambitions. … The entry of Russian warships into the exclusive economic zones of Black Sea countries, including that of Bulgaria, as well as the declaration of warning areas in them, is dangerous to navigation, harms the economic interests of our country and its citizens, and is inadmissible” (BTA, August 6).
Bulgarian Prime Minister Nikolai Denkov moved from caution to greater frankness as the Russian warships prolonged their presence. Denkov told the media, initially, that “Russian exercises in the Black Sea are proceeding in accordance with standard procedures. There are no indications of any new threats to the movement of Bulgarian ships and citizens” (Novinite, July 27). But two weeks later he addressed citizens via his Facebook page: “Russia’s aggression militarizes the Black Sea. Russian ships have lingered in the waters of our exclusive economic zone for some 20 days now … Bulgaria needs to integrate more closely with NATO. This [organization is] like a bomb shelter for us today” (Novinite, August 11).
The incident in its EEZ coincided with a festive event at Bulgaria’s Higher Naval School in Varna. The country’s chief of defense, Admiral Emil Eftimov, sounded a note of caution: “Be calm, everything is under control, we are acting very carefully, we intend to act rationally so as to not give cause for provocations,” while Bulgaria is safe in NATO (Novinite, August 13).
From Ukraine’s perspective, the August 13 incident confirms Russian intentions to maintain a sufficient level of military threat at sea to discourage maritime trade with Ukraine. The Kremlin can achieve this objective without applying lethal force, merely by brandishing it to intimidate large international traders. Moscow seems content with allowing small-time traders to operate in Ukraine’s Danube ports to some limited extent, asphyxiating Ukraine gradually without giving cause for a Western humanitarian relief operation in the Black Sea.
Kyiv has no longer appealed to NATO in this instance in light of the disappointing July 26 meeting (see EDM, July 31). Instead, the Ukrainian Presidential Office and Foreign Ministry (Ukrinform, August 13, 14) have launched appeals to the international community more generally, including the United Nations, International Maritime Organization and Turkey, to uphold the freedom of commercial navigation in the Black Sea and persuade Russia to reinstate the Black Sea Grain Initiative. However, this does not look feasible on any terms but Russia’s own in the absence of Western navies.
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No Friday morning update?
I miss those already.
Interview with Art on Crux Investor youtube channel. Recorded 8/4/2023.
True. The EU dodged a bullet last winter.
Wait till they are actually bidding against Japan and the rest of Asia for fuel.
Oil is not going anywhere but up. They want us all driving EVs. They won't ditch that pipe dream that fast like they did in early 2000's with GM's Ev-1
They think they have made great inroads to control us.
Come to my city. EVs everywhere. These people can afford to buy the novelty. However, I think those that need to be first have gotten theirs. The rest of us are happy with a 1975 convertible cutlas.
I'd never finance a Tesla or Rivian. The Rivian SUV almost hooked me in. Then the novelty wore off.
What I don't like is the talk going on in the Black Sea. Odessa is finally getting attacked. That's the crown jewel Putin wants. And I hope he gets it.
Even that fear is far from us, but I dont trust Zelinski/CIA doing a false flag to help his cause.
Istanbul is still the gate keeper to the Black Sea.
Don't piss off Turkey.
Unlike Oil, NG prices in Europe have fallen dramatically the past year. A year ago the border price of NG in Germany was $50 to $70 a MCF.
Today it is 9.61
https://ycharts.com/indicators/germany_natural_gas_border_price
I believe that is why Art made the quick hard pivot to oil.
Like high tide. All ships will rise.
This article explains it. 40% jump in European gas price
https://www.zerohedge.com/energy/european-natgas-prices-explode-40-higher
Us has an abundance of cheap gas. Not so much in other places.
The UK has gas and a chit load of it. But they won't tap it. So UK gas is expensive.
It's cheaper for them to LNG it over. They have opened up their North Atlantic to tap it now. That's like Florida opening up their west shore to gas production. It's an indication politics have turned their back to the Davos agenda for sanity. But it's going to be years to tap the North. And it's deep water too. Norway drinks up there with great success.
Oil should start to climb too. Either way, Arts going to bank. Snd on his timeline.,
Is Turkish gas pricing correlated that closely with the US price?
US gas broke above $3
Shifting operation will take a few months, but a higher gas price says more money will be coming in from what we started.
Nice pop this morning. Maybe the market is realizing the daily cost of that rig?
Excellent interview. Art Halleran is excited about these oil fields and existing pipelines. Turkey is thinking about building additional refining capacity nearby.
This reminds me of Jed Clampett, a poor mountaineer barely kept his family fed. Then one day he was out shooting at some food and up through the ground comes a bubbling crude. Oil, that is, black gold, Texas-T. Well the first thing you know old Jed's a millionaire....
Spanning 374,325 acres and surrounded by massive oil discoveries, the potential within Trillion's exploration blocks is immense. This presents an unparalleled opportunity to explore promising prospects within the Cudi-Gabar oil province in S.E. Turkey.$TCF 🇨🇦 $TRLEF 🇺🇸 $Z62 🇩🇪 pic.twitter.com/u7tgsBd5ZA
— Trillion Energy (@TrillionEnergy) August 8, 2023
Fidelity will make you use the limit market order very very often to play penny stock. Market Order very very rare.
IMO
Fidelity has my big retirement index funds
For these fun otc plays it's E-trade for me.,
Fidelity is still wonky about buying pink limited plays.
E-trade allows. $4.95 is nothing. It helps me to not get carried away. LOL
Fidelity is the best broker in America for real stocks
Btw, I'm 100% out of olive oil. Was thinking about that last night. Always forget to get some..
Indeed. Even we drink oil. Olive oil is awesome. I don't know if you knew that Fidelity are now free-commission trade. And you can trade many time without trading fee. That why we seeing a lot of 1's or 10's of shares buy or sell.. (Bleep) stupid.
I wish there a new trading rule that you cannot buy less than 100 shares so it make it hard to manipulation on the bid or ask or whatever.
IMO
Art on a sponsor interview with the Financial Survival Network podcast. Talks about SASB and the new farm-in deal.
https://podcasts.apple.com/us/podcast/new-blue-sky-opportunity-funded-by-production-cash/id485166512?i=1000623521666
Does that go for Canadian institutions?
CSE is their Nasdaq. I believe Canadian institutions and retirement funds can own CSE listed stocks. A retirement fund should love this play. Not so much with hedge funds, they go into yellow freight type drama. More in and out.
Typically, Institutions do not bother with any stock less than $5.
If it was only .5% to begin with, I could care less
what it is now, or how or when it got there. One
half of one percent amounts to a rounding error.
Some of the institutional investors don’t agree. The % of institutional ownership is down from 0.5 to 0.0167. Probably part of the heavy volume today.
"Surrounded by production" is about as sure a thing as
you're ever going to get in The Oil Patch.
To put it in football terms, Art called an "audible". Suddenly
these two entities come out of seemingly nowhere, the >$100
Billion gas trading firm and this Turkish firm controlling these
oil blocks, and say "Art! We wanna do business with YOU!"
so Shrewd Art says - at the line of scrimmage - "Halt SASB,
for now; get the 6 wells balanced and optimised; we're gonna
go drill us some oil wells and a CBM well!". This.... is the mark
of a great CEO or a Hall of Fame QB... sees how the situation
has changed in real time and adjusts their strategy accordingly.
Pretty sure Trillion is getting equivalent to $14 currently and Art has always said the SASB is economical at $8. This oil exploration property must be just oozing with black gold.
Each offshore wells is $10m+ to put on production. Yes, he can tap the oil wells for one of those. And Oil will continue to rise in price now that the SPR is emptied and OPEC won't open the spigot. There is a good possibility we see $150brl., new US oil permits are at a 30 year low as well. We are heading back for another Jimmy Carter era oil shortage. $$$$ for us.
I don't think we would have gotten this last update if Nat gas were above $6. We'd be drilling #7
I'm blown away Nat gas has hit as low as it is.
China said F'k this and going back to coal. They own all the old coal land in Tennesse that Al Gore shut down. Mobile is shipping tons of that crap somewhere? You can see that from Google Earth.,
I'm thinking Nat gas is in a massive head fake.
The UK just opened up drilling in the North Atlantic. Even Norway is pledging more gas to make up 25% of the lost Nord Steam volume. It's still not enough.
I just hate losing time. Dilution would be an even worse option.
If Nat gas shoots above $8, I bet Uranus is back out punching holes.
This is a drastic change in plans.
I think Art decided that the risk/reward of the onshore oil vs SASB was a better use of capital.
He stated that all four exploration wells will cost less than each of the SASB wells to drill. That is a significant difference in cost and big oil wells are probably going to out earn the SASB wells as well.
So the drill ship is still coming back in 2024 to complete the drill program, just delayed a bit. In the meantime, Art will drill out more intervals in the existing 6 wells to max production and revs. I still don't think drilling out more intervals will solve the pressure differences between the wells. The higher pressure wells will still mute production from lower pressure wells. But if he can drill out more intervals in the higher pressure wells, overall production/revs should improve.
I believe Art is a pretty careful guy. I trust that he thought about this before changing plans. I bought a few more today at .254. I am going to stick with Trillion until we see if the oil is there.
We need some levity
Nat gas prices have bumped up for August, still historically low. I think it's artificially low. How long do you have to find out?
https://tradingeconomics.com/commodities
LOL. Tony beets are badass. Love that guy. It remind of me. I always love to (bleep) (bleep) swear (bleep).
IMO
I thought the gas price was around 15(usd or cad) and Art said the SASB was economical at 8(usd or cad)?
I'm thinking this is the root of what is going on now.
A year ago, Art would be swimming in revenue now. We are kissing a 25 year low
Even TELL has closed their Nat gas fields valves because of these prices.
I have no doubt if Nat gas was over $6, we'd be punching holes tomorrow.
No other reason for this stall. Art could dilute this to 1B shares I guess?
In light of Art Halleran's interview the other day, he was obviously excited about the oil fields and availability of nearby pipelines.
Some people are selling but the stock price is holding up reasonably well. Bought some more between 0.26 and 0.255.
This is clearly the new strategy for SASB:
re-perf any and all current wells to
get each one of them up to about
9-10 Mmcf each. That solves the
variable-flow, variable-pressure
problem that Art thought would
need some bunch of "experts" to
solve. The pipelines and the
on-shore processing plant have
more than enough capacity and
need no further attention. Now...
SASB becomes the "Ca$h Cow"
instead of the $150k/day drain
for The Rig. Thank you, Rig,
you did a great job, and we hope
to see you again soon.......
when the time is right!
NOW.... all eyes on-shore! To
Vranino and the new surrounded
by production oil play in Turkiye.
And I can't stress this enough:
The Sehit Aybuke Yalcin play is not,
I repeat NOT some "wildcat" play, where
you pick a location and pray to your
Deity of Choice there will be oil down there.
THIS... is about as close to
shooting-fish-in-a-barrel as you'll ever get
in The Oil Patch. But Art snagged it, and
based on location and what others have
discovered all around it, we're going to
be rewarded handsomely.
The two opportunities that have appeared
on-shore made this strategy change a very
good idea. The SASB wells have proven the
SASB is there for the taking, but these two
new opportunities, especially the oilfield
surrounded by production, are a much better
deployment of Trillion's money for now. The
6 SASB wells when they get them all balanced
at between 9 and 10 Mmcf each are going to
be a beautiful "Ca$h cow" and also..... the
meter stops on the daily cost of The Rig.
I keep telling you people this and some of you
aren't listening:
This is NOT Art's first rodeo. These two new
players came to Art, not he to them. That says
it all. My next expectation is that Trillion will
get the additional blocks adjacent to SASB for
which they've applied and will surely get, given
the success to-date at SASB. Once those are
in hand, Art can cut a farm-OUT deal to some
JV partner and that will also raise Ca$h to put
to work on the two new on-shore Projects.
The "second Rig" was Saturn and it needed
a couple million worth of work, and that would
have been on GSP's dime, and Art shrewdly
said, "Thanks, but no thanks!".
Article about strong natural gas demand in Europe.
https://www.nytimes.com/2023/07/31/business/energy-environment/austria-natural-gas-russia.html
Same. Maybe the CSE volume will support this news. OTC see it as a failure.
I wanted to be raging into well#11 going into 2024
I'll wait in TELL. TRLEF was supposed to be a short term event to $1.60+
I should have been loading aTELL at a buck instead of this.
At least I was in the game. I'm down $590 today. Not bad. I'm going to sit on my hands a few weeks. If TELL dips below $1.50, I'm going to bounce.,
I'll hang my hopes on those CSE guys for now.,
I'm now strongly considering getting out of Trillion altogether.
My money was banking on each well funding the next until we get to 21 wells. Our customer is buying 100% of our product and we're going to stop increasing that product about 2 months before another likely spike in the product's price 😒
Perhaps this oil exploration deal is about 12 months early. If we had significant cashflow coming in with 12-15 gas wells and could comfortably afford to fund oil exploration, I get it. But we're sacrificing known gas to burn cash for exploration. This AGM better be gooooood.
Yes. Major suck in plans
Uranus was a 100day lease at $95k a day.
I'm thinking Art knew this day would come and looked for another rig. Now he's going onshore to drill for oil? European power grids run on Nat gas.
I'm being honest. It reeks. We still have the 6 producing wells that are needing a good 12 months of production revenue to pay off.
This is like Parker Schawnful losing his gold trommel . Shut er down!! Go beg for an old beat up used one from Tony Beets..
Guess Art can figure out now why the stock can't break above .30
Shorts win on the short term.
4 months of drilling just going to stop! I did not sign up for this.
This seems like a big change in plans. Sending the drillship home until mid 2024? What happened to a new well every 50 days?
I guess Art figures to hold production steady by perforating more zones on existing wells. I don't think he cares about production a few years from now. He wants to max production now to generate cashflow that will fund other activities away from SASB. Got tired of waiting for the market to value gas production. I agree with him but he also didn't wait to see if the market would value net profits. He hasn't really shown profits yet and I also assume he wouldn't be perforating zones on existing wells if they were producing consistent volumes. I think overall field production has been compromised by the different gas pressures so we can't just add up each individual well tests and come up with overall SASB production. We'll get a better idea when Q2 financials come out.
It's clear Art is focusing on the onshore oil field as the way forward. Let's hope seismics are good and the first four wells hit black gold! .
Anyone else concerned about 2023? They're stopping at well #6, am I reading this right? What happened to 11 wells this year? I must be missing something, someone help a brother out here.
Art, What came of that second rig?
Trillion Energy Announces SASB Update and Alapli 2 Well Results
Optimization of future SASB Drilling program begins
August 2, 2023 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce the Alapli-2 well flow test results and to provide an update on future drilling programs at the SASB gas field, Turkiye.
Alapli-2 Well results
Alapli-2 has 32 metres of total gas pay in the A, B, C and D sands of the Akcakoca Member, which is 22.7 metres thicker than the offset well Alapli-1. 15.1 metres measure thickness of gas pay were perforated and tested in Alapli-2; 9.1 metres “A” sand and 6 metres “D” sand. A combined flow rate of 11.9 MMcf/d was obtained using a 24/64” choke. Alapli-2 will be producing to the sales line in two days.
Operational update for SASB Drilling Program
After drilling five successful long reach directional wells and one re-completion at SASB, Trillion will continue to perform several new perforations of existing wells and begins to recalibrate the future drilling program to optimize capital expenditures to get the best return.
The next Phase of drilling is expected to resume during mid-2024 and includes several sidetrack wells, long reach directional wells as well as stratigraphic exploration wells.
For the remainder of 2023, Trillion will focus on: a) conducting field analysis to determine how to maximize gas production and ascertain which gas pools require additional wells in the next phase of drilling; b) complete reprocessing and remapping of the 3D seismic to delineate new stratigraphic exploration; c) plan and organize the next drilling phase to maximize returns on deployed capital.
For the 2024 SASB drilling program, five sidetrack wells have been engineered with certain long lead items purchased. These wells are expected to be drilled first, followed by several stratigraphic exploration prospects. New 3D seismic re-processing is expect to be completed by October 2023 to facilitate the 2024 drilling program as previously detailed in our January 31, 2023 Press Release. The new 3D seismic re-processing is expected to define stratigraphic exploration targets as well as to delineate reserves in structural traps.
Rig Contract
Trillion’s Uranus rig contract signed in 2022 mandated a minimum of 100 days’ drilling time and allowed for up to seven well operations. This contract corresponded with our anticipated Phase I program at the time of seven wells. Trillion will be seeking ways to maximize economics for the 2024 drilling program. Trillion has been actively negotiating a new drilling contract for the 2024 SASB drilling program. After the completion of the Alapli-2 well, the current drilling program will be concluded for 2023. During recalibration for next phase the URANUS rig will return to Constanta.
Update on well production
Trillion is continuing with it’s operations to maximize gas production at SASB. After the perforation of Alapli-2 the wire line unit and tractors will be moved to the Akcakoca Platform to carry out some additional perforations. Guluc-2 will have additional gas pay to be perforated as well as Akcakoca-3 and West Akcakoca-1 well. West Akcakoca-1 will be the pilot well for the slim hole ESP pump to lower water loading.
Arthur Halleran, CEO of Trillion, stated:
“Almost one year ago, we began drilling at the SASB gas field using advanced drilling technology to reach previously unreachable gas pools. We are pleased with the results of the first drilling campaign at SASB and believe our success on the field will continue. We look forward to opening a new dimension with the assessment of stratigraphic gas prospects on the SASB block and to maximize returns for drilling at SASB. The revenue generated by SASB gas production will now build a material cash balance and be used for other ventures.“
Annual General Meeting
The Company will hold its AGM on Thursday, August 10, 2023, at 11:00 a.m. at the offices of DS Lawyers Canada LLP at 800, 333 -7th Avenue SW, Calgary, AB, T2P 2C1. The Company has set the record date for the AGM at July 6, 2023. The Notice of Meeting, the accompanying Management Information Circular and related meeting materials are now available under the Company's profile on SEDAR at www.sedar.com and were mailed out to shareholders as of the record date July 14, 2023.
Art's undoubtedly getting pitches from
All Points Of The Compass and rightly
so, given the success so far at SASB.
Remember! This is "Canacol #2" and
if you want to see what's in store, just
look at its chart from about 2008 to
2011. Art delivered that then, he'll do
the same here now with Trillion.
Count, your fear is justified beginning at Time-12:30 Art Halleran talks about two other companies approaching us (TRLEF) about a partnership in Bulgaria ("they approached us") because they know our reputation being technically-oriented that we can execute.
The interviewer never asks about a buyout but only about possible stock dilution if more cash is necessary. But, since two companies want to partner then nothing hinders a buyout (the ultimate partnership) possibly leaving out TRLEF stockholders.
https://www.miningstockeducation.com/2023/08/trillion-energy-acquired-the-best-oil-property-ive-come-across-in-my-career-says-ceo-art-halleran/
Art and the BoD's biggest problem now is keeping
Trillion from being stolen legally by some
opportunistic Pack of Perps. Here's why :
Trillion is so undervalued just based on its proven reserves
that even a low-ball offer which looks and sounds good
against the current Share price would be deemed "fair
and equitable" by the Obsequious Toadies who decide
such things, and Art and the BoD would have no choice
but to accept such a "fair and equitable" offer or face a
CAL for "lack of fiduciary duty" by some Impatient Whiner whose
barristers will say "You cost our Client money by refusing this offer,
Shame on you. Now pay up". Yes, that stinks, but
unfortunately, that's how it works. And all of us would
have to accept the cash and / or Shares offered us by
the Legal Larcenist and we'd never get to see Trillion's
full value or potential realised, because it would just be
a small piece of "somebody else".
This is why a Shareholder Rights Plan is absolutely essential to
prevent this scenario from happening. Urge the Company to
adopt one, and I have communicated this to them.
BestFishes, great interview with Art Halleran. TRLEF will not stay at 26 cent range much longer.
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