Trillion Energy International Inc (TRLEF)

[fink]

That's a solid 8+years out for that pipe dream.
Germany wants a dozen too. LOL

Uranium will be the next Nat gas play maybe in the next 15-20 years.
And there is a new fuel out that you can hold in your hand without getting burned. They look like silver base balls. Totally safe till you introduce them to some other metal and then you got unlimited heat.
Oak ridge has it.

[9HikeDiscGolf]

Oh well. Some do work, some don't. It is what it is. Tomorrow is always new. And Uranus will go nuts as natgas/ World is changing.

IMO

Three companies are competing to build a nuclear reactor in the Czech Republic 🇨🇿☢️

🇺🇸 US Westinghouse
🇫🇷 France’s EDF
🇰🇷 Korea’s KHNP

📅 The state-run utility will assess the bids before seeking gov’t approval. Goal is to have reactor online by 2036https://t.co/gpCcNiUdE9 pic.twitter.com/YPxHVP8xXC

— Stephen Stapczynski (@SStapczynski) October 31, 2023

[BestFishes]

Eight Capital with a BUY - C$4.00 Target Price

TCF announced results from its first two of three well perforations. We view the update as positive on production rates tracking to meet the company's exit 2023 production guidance of 7.5 MMcf/d and is currently in-line with our Q4/23 production estimate of 7.1 MMcf/d. However, we believe the positive news is slightly offset by the company having to deal with handling pressure across the field which is causing delays to the perforations at Guluc-2. We look forward to a future update with all three wells flowing from the re-perforated zones.

Production is ramping and tracking guidance: two of the total three planned well perforations have been commenced or completed at Guluc-2 and West Akcakoca-2 which has increased SASB field production to 7.1 MMcf/d, net to TCF, which is tracking to meet the company's exit 2023 guidance of 7.5 MMcf/d and is already in-line with our Q4/23 production estimate of 7.1 MMcf/d. We note that the company has one more perforation to start at Akcakoca-3 and is working to fully complete perforations at Guluc-2 and West Akcakoca-2. TCF is expecting to receive more information on stabilized production rates in the coming week as the perforation program is completed.

Highlights of the program to-date:

Guluc-2: The company perforated the top three "C" sands, which resulted in pressure increasing to 1,735 psi and caused the company to delay perforating the "B", "A" and "AA" sands until the West Akcakoca-2 perforations are fully completed. The perforation program at Guluc-2 will target 30 meters of gas pay over five sand intervals.

West Akcakoca-2: The company has perforated the "A" and "B" sands, totaling 6 meters of gas pay, causing pressure to increase to 1,742 psi, and the perforation of two additional zones is ongoing.

Akcakoca-3: This is the final well to be perforated, with TCF targeting the "C" and "E" sands, which will allow for an additional 19 meters of gas pay to be produced.

Finally, TCF has recently installed a new compressor at the Cayagzi gas field to reduce back pressure from the field into the gas processing plant. Installation of well pumps and reduced tubing sizes will come at a later date.

Our price target reflects a 50/50 blend of 5.0x EV/2024E DACFs and 1x our risked NAVPS of C$3.15 which factors in a 60% chance of success in development. Risks to our price target include foreign currency exchange risk, commodity pricing, single asset concentration and political/economic risk within Türkiye.

To view the full coverage on Trillion Energy, click the button below:
https://mcusercontent.com/5e269838a16742a97c90596c2/files/b5f8eddd-1f14-bf24-6837-748a76262cf1/TCF103023.pdf

[MrSmith222]

Could yesterday's news release be the inflection point for this company?

Their 6 wells tested 30 mmcfd but had many water and pressure problems that forced them to pause their gas drilling program and focus on oil explo.

They seem to be fixing production with ESPs and compressors now. Currently at 7 mmcfd from 2 wells. Hopefully 10 mmcfd from 3 wells at the end of the week.

Currently getting $12.33 usd/mcf means 32 million usd revenue on a 20 million market cap!

[fink]

Tell ya what, he barely squeaked by last time. I think the guy is political road kill in the next election.

Your so right. Tough talk to please the hate. And the hate distracts from them no longer being relevant on the World stage.

[velcro]

Erdogan has to talk tough guy against Israel to avoid retribution by Iran.
Nevertheless it scares the bejesus out of weak knees.

[BestFishes]

Crisis investors, now is your chance.

[BestFishes]

TRILLION ENERGY ANNOUNCES SASB WELL PERFORATION RESULTS
9:00 am ET October 30, 2023 (Globe Newswire) Print
Perforation program ups SASB gas field production rates to 14.4 MMcf/d (100% interest)GlobeNewswireOctober 30, 2023
Vancouver, B.C., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. ("Trillion" or the "Company") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleases to provide an update on its three well perforation program at the SASB gas field previously announced on September 25.


So far, two out of the three well operations have now been commenced or successfully completed. As a result, total combined production at SASB is currently 14.4 MMcf/d (100%) - 7,056 MMCF/d net to Trillion into the gas sales pipeline.

More information on stabilized production rates are expected during the week as perforations are currently ongoing in the West Akcakoca well and yet to commence in the Akcakoca-3 well. The work program is expected to be completed later this week.

Natural gas sale prices received by Trillion for October are USD $12.33/mcf (CAD $17.14). November gas prices are expected to be set over the next few days by the government regulator BOTAS. Trillion pays operating costs of $90,000 per month for SASB and a 12.5% royalty on gas sales.

Technical Details of the Three Well Perforation Program

Guluc-2 -The perforation program includes a total of 30 metres of gas pay in five separate sands. On October 25th the top two "C" sands at 3,665 - 3,674.5 metres MD (measured depth) were perforated (14.65 metres TVT (true vertical thickness) of gas pay) causing gas pressure to increase to 1,140 psi. On October 26th the top 3 metres (8.46 metres TVT) of the "C" sands 3,644 - 3,654 metres were perforated causing gas pressure increase to 1,735 psi. Due to the high pressure, a decision was made to delay perforation of the final pay zones in Guluc-2 totaling 12.3 metres in the "B", "A" and "AA" gas sands until after the West Akcakoca-2 perforations to allow production to stabilize first.

West Akcakoca-2 - On October 28th sands "B" and "A" were perforated totaling 6 metres of gas pay causing pressure to increase to 1,742 psi. Perforation of two additional zones is ongoing.

Akcakoca-3 will be the final well to be perforated in the "C" and the "E" sands for an additional 19 metres of gas pay.

Trillion has recently installed a new compressor at the Cayagzi gas field to reduce back pressure from the field into the gas processing plant. Installation of well pumps and reduced tubing sizes will come at a later date.

Arthur Halleran CEO stated:

"We are pleased with the results of our ongoing perforation program at SASB which is about half-way completed at this time. We are well on our way to following through with our work program and hitting the production targets as set out in our September 25 news release this year. The current program is just the beginning, we will continue to work on increasing gas production at SASB until we are satisfied with the results"

About the Company

Trillion Energy International Inc is focused on oil and natural gas production for Europe and Turkiye with natural gas assets in Turkiye. The Company is 49% owner of the SASB natural gas field, one of the Black Sea's first and largest-scale natural gas development projects and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in 3 high impact oil exploration blocks in S.E. Turkiye. More information may be found on www.sedar.com, and our website.

Contact

Corporate offices: 1-778-819-1585

e-mail: [e-mail]

Website: www.trillionenergy.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company's ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.

These statements are no guarantee of future performance and are subject to certain risks, uncertainties, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company's filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedar.com, and or request a copy of our reserves report effective December 31, 2022 and updated January 31 2023.

[fink]

Turkey is trying to broker peace, but they have a Hardon for the Jews and will ultimately kill them.
Stay neutral and take the high road.

But they won't and will throw Turkey into a no win situation.

[BestFishes]

political risk ain't helping this one too.

[fink]

Everyone knows it's now a time suck.
11 wells by 2024 was a kick in my nut sack.
I don't want to go onshore and speculate on some oil fields.
I wanted that gas.

Maybe if gas continues to rise things will change.

[BestFishes]

Wow, it's getting rough out here. Just about at lottery ticket levels.

[fink]

Very sad Art. I wanted to be selling this to buy more TELL about now.
I took the loss on turning in UrAnus and just scored more TELL at its bargain prices.


This has turned into a long term play. A time suck for the next year. Both are still a good play.
Nat gas goes up, both have that revenue

[velcro]

Cash Flow by end of 2023? which is nearly upon us.

[BestFishes]

Trillion Energy International to present at the Virtual Investor Conference this Thursday 10/19/2023 11:30AM - 12:00PM EST
Registration is free and you can watch recordings of the presentation if you cannot attend live. You can submit questions ahead of time or in real-time during the presentation. You can even schedule meetings with the companies presenting. I'm hoping to make it live and ask questions, but if I cannot attend live I am hoping some tough questions are asked.

https://www.virtualinvestorconferences.com/events/event-details/oil-gas-virtual-investor-conference-0

[BestFishes]

New podcast episode with Art:
https://www.financialsurvivalnetwork.com/2023/10/trillion-energy-gas-production-increasing-and-oil-exploration-has-begun/

[velcro]

As weather turns colder, Germany gets a political wakeup call.
A recent CHRONICLES magazine article briefly touches on the point that 10% of Germans support a shift to the Right and away from the EU green nonsense.

[fink]

Oil is down gas is up over last week.
Give it till the end of October. Germany will bend the knee first.
75-50 degrees in Germany. It's still very welcoming nice.


https://tradingeconomics.com/commodities

I think Art got squeezed in the low gas prices and had to dry dick the rig. I get what he's doing, I don't like the new time line.
I love the R/S. Low floats are powerful if he can resist dilution. He dies then.
We have revenue

[BestFishes]

We better get a weekly update with some serious progress on the optimization of the gas wells. This thing has been bombs-away since the split. I'm starting to think things aren't going well?

[fink]

And imagine if the $6B the us released to Iran via Qatar, turns out to be the funds Hamas used to dance into Isreal's wide open door to slaughter their own people.
Will Qatar have secondary blood on their hands?
Imajine if no one will buy their gas?
Holy Smokes.
Globslist take out Russian and Qatarisn Nat gas under the potatoe head

[BestFishes]

I still believe nat gas will have more demand this fall/winter. Here's more evidence of a global squeeze in the making.

https://www.cnn.com/2023/10/10/energy/israel-gas-field-shutdown-explainer/index.html

[fink]

Retail investors punished Art.

It's still a good investment for those looking in today for a starter.
Arts really grinding the race car gears on this lap.

I wanted 11 wells by EOY.
I wanted $1.60+ by now to roll into TELL
If TELL can tank to .75 it still makes a killer roll for me at these prices. That's where the big money will be made. More risk today, but that the industry.

[nowwhat2]

And an even better one in Canada today........Down to .80 cents ?.....wtf ?

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Atcf&x=66&y=20&time=5&startdate=1%2F4%2F2020&enddate=9%2F29%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9


https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Atcf&x=46&y=22&time=100&startdate=1%2F4%2F2020&enddate=12%2F29%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9


https://mcusercontent.com/5e269838a16742a97c90596c2/files/4ceb48db-c386-99ae-53b1-4a4b8bdadbc2/TCF_Analysis_09_19_23.pdf

[9HikeDiscGolf]

Been in many rs and it is what it is. Welcome to penny stock. Penny stock only good for one timer or couple timer runner.

IMO

[BestFishes]

Ouch. Quite the romp today. Markets don’t generally respond well to the ol RS huh.

[Gator44]

Should of waited till 01/2024 for reverse split

[velcro]

One for five reverse split in the hope of better positioning the Company to attract additional institutional investors that have a base floor price for investments.
Meanwhile this is dead money for existing investors.
Art Halleran must divulge more information how this is going to work.

[Renee]

TRLEF: effective Sept. 18,2023 a one for 5 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[BestFishes]

TRILLION ENERGY INTERNATIONAL ANNOUNCES SHARE CONSOLIDATION AND CONDITIONAL LISTING APPROVAL FOR THE TSX VENTURE EXCHANGE

GlobeNewswireSeptember 14, 2023
Vancouver, BC, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. ("Trillion", or the "Company") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) wishes to announce that it intends to proceed with a consolidation of its outstanding common shares ("Common Shares") on the basis of five (5) pre-consolidation Common Shares for one (1) post-consolidation Common Share (the "Consolidation"). Any resulting fractional Common Share that is held by a holder of Common Shares will be cancelled, and the aggregate number of Common Shares held by such holder will be rounded down to the nearest whole number of Common Shares.


Currently, a total of 389,677,325 Common Shares are issued and outstanding. Accordingly, when the Consolidation is put into effect, a total of approximately 77,935,465 post-Consolidation Common Shares would be issued and outstanding, assuming there are no other changes in the issued capital of the Company. All outstanding convertible instruments (including convertible debentures, options and warrants) will be adjusted on the equivalent ratio of the Consolidation.

The Board of Directors believes that the proposed Consolidation will better position the Company to attract additional institutional investors into the Company that have a base floor price for investments. There is no name change in conjunction with the Consolidation, and the Company's trading symbol will remain the same. The Company expects its post-Consolidation Common Shares to commence trading on the Canadian Securities Exchanges ("CSE") at the open of markets on September 18, 2023. The new CUSIP for the post-Consolidation Common Shares is 89624B302 and the ISIN for the post-Consolidation Common Shares is CA89624B3020.

As a result of the Consolidation, the Company's trading symbol on the OTCQB will temporarily change to "TRLED" for 20 trading days by FINRA.

TSX Venture Exchange

The Company is pleased to announce that it has received conditional approval (the "Conditional Approval") to list on the TSX Venture Exchange (the "TSXV"). The Conditional Approval remains subject to certain conditions that the Company intends to satisfy in due course. Accordingly, a date for the listing of the common shares of the Company on the TSXV has not been set. The Company expects to continue to trade under the ticker symbol "TCF". Management of the Company believes that a listing on the TSXV, one of the world's largest global public venture markets, will benefit the Company by giving it exposure to a larger audience of retail and institutional investors.

Arthur Halleran CEO stated:

"It is our firm view that achiving a higher stock price through a share consolidation will help us expand out institutional investor base. Subsequent to the rollback, we will be roadshowing the Company to institutions in both Canada and Europe. We believe our strong future rests on our core assets and from investors seeking exposure to european gas markets."

About

Trillion is an oil and gas producing company with multiple assets throughout Turkiye. The Company is 49% owner of the SASB natural gas field, one of the Black Sea's first and largest-scale natural gas development projects; a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; and three oil exploration blocks located in Cudi-Gabar Oil Petroleum Province, SE Turkiye. More information may be found on www.sedar.com, and our website.

Contact

Offices: 1-778-819-1585

e-mail: [e-mail]

Website: www.trillionenergy.com

Forward-Looking Information

Certain information in this news release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Forward-looking information includes, but is not limited to, statements about future transactions, any anticipated benefits as a result of the Consolidation, the completion of the Consolidation, and the completion of the listing on the TSXV. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Trillion assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Trillion. Additional information identifying risks and uncertainties is contained in Trillion filings with the Canadian securities regulators available at www.sedar.com.

[fink]

Can Ausies get violent to scabs keeping the valve open? I've been to Sydney and I found the people as No BS types. They all stand proud and very fair. COVID was a major kick in their sack of personal freedoms. Maybe the strikers will bend the knee in the end?
I was under the belief Australia was keeping its gas reserves for its benefits to its countrymen. When gas prices spike before, there was a big push to screw the Ausies and bank selling over seas in the spot market? That was a tinder box issue down there? I didn't know they were thst big of an exporter. And the gas reserves they thought they had didn't pan out. Shell yanked some massively big floating LNG plant thingy out of Australia?
Globalist Davos cried probably love this. I still think they will create war in Qatar. Without a doubt they have thought out scenarios with the CIA. They were not going to stop with Nordstream.

[BestFishes]

Interesting developments about the LNG strike...
https://www.cnbc.com/2023/09/08/gas-european-prices-jump-as-strikes-start-at-australia-lng-facilities.html

European gas prices moved sharply higher Friday as workers at Chevron’s Australian natural gas facilities went on strike, prompting fears that a prolonged halt to production could squeeze global supplies.



The industrial action at the Gorgon and Wheatstone projects in Western Australia follow daily talks this week to try to come to an agreement. The negotiations ultimately failed, however, to resolve a long-running dispute over pay and job security.

At present, no further talks are scheduled to take place between U.S. energy giant Chevron
and the unions representing workers at the liquified natural gas projects.

Work stoppages of up to 11 hours are scheduled to continue through to Thursday, at which point the action is poised to ramp up to a total strike of two weeks.

The front-month gas price at the Dutch Title Transfer Facility (TTF) hub, a European benchmark for natural gas trading, was last seen trading around 10% higher at 36 euros ($38.50) per megawatt hour.

“Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms,” a spokesperson for Chevron Australia said. The Fair Work Commission refers to Australia’s independent workplace relations tribunal, which had been mediating the talks.

Chevron Australia added that the unions sought terms it believed to be “above and beyond” equivalent terms with others in the industry, without offering further details.

Fears of strike action in Australia, one of the world’s biggest exporters of LNG, have recently pushed up European gas prices — and analysts expect near-term market volatility to persist.

European gas prices rose to around 43 euros last month but had pared gains as the two sides sought an amicable resolution. The TTF contract remains well below last summer’s extraordinary spike to more than 300 euros.

“Chevron are demanding they be given special concessions in bargaining – a demand which we have put through the shredding machine,” the Offshore Alliance said in a Facebook post Friday. Offshore Alliance is the union alliance representing workers at Chevron’s Gorgon and Wheatstone gas operations.

“Their bargaining performance has been the most inept effort of any employer the Union has dealt with in the past 5 years and our members have had enough,” the group added. “It’s game on, Chevron.”

It is understood that Chevron has taken steps to maintain operations in the event of any disruptions to its facilities.

[9HikeDiscGolf]

The Cayagzi onshore gas processing facility serves as a key component in SASB's extensive infrastructure. This facility is strategically linked to Trillion's SASB gas field via an 18-km pipeline with a capacity of 75 MMcf/day, expandable to 150 MMcf/day$TCF 🇨🇦 $TRLEF 🇺🇸 $Z62 🇩🇪 pic.twitter.com/ZkFKxqT4DG

— Trillion Energy (@TrillionEnergy) September 8, 2023

[fink]

Well, Art hold millions, so it would have to make it worth it to him. And he's looming at $Bs with this business plan. And going onshore with the offshore potential in his back pocket, it's gonna take more than $1.60

If Art unloads this, he's going to want enough to fund his next ventures.


Good for TRLEF either way. I'm backing off till next Q2.

[mick]

TRUE

[velcro]

Of course, it's possible a larger concern could easily buy TRLEF.

[mick]

thank you

[fink]

The Nord stream eco terrorist attack will have massive repercussions for years, decades!

Germany is tearing down their wind mills and retrofitting back to what they have, coal and nuclear. Germany is being crushed. That will crush the rest of Europe.

Good blurb about Germany near the end. The entire thing is a hood read.

https://tomluongo.me/2023/09/01/brics-summit-proves-geography-trumps-currency/

[fink]

I like the stock, but it's dead for 6 months.

Offshore production has shifted to onshore exploration.

Where will TELL be in the next 6 months.
My plan was to ride TRLEF during this 1-2 years building out this 24 offshore network then roll all into TELL. Art shifted into reverse for a good 6 month.,

[mick]

WHAT IS TO LIKE ABOUT $TRLEF

[fink]

Why sell shares?
Sell oil if they need cash.
Or sell shares so you don't have to sell oil?
Not good for your shareholders.


Meanwhile back at the ranch. Enviro wack-Os are trying to convince Indian tribes to not allow gas lines over their sacred swamp land in Southern La. You see that one? Energy is the new nuclear weapon.

[9HikeDiscGolf]

Oil is going higher https://t.co/34CQ08p6uU

— zerohedge (@zerohedge) September 1, 2023

[9HikeDiscGolf]

Explore the future of energy with Trillion Energy's latest investor presentation. Discover our innovative projects, strategic growth plans, corporate highlights, and more.

Presentation: https://t.co/oynlAp0BA9 $TCF 🇨🇦 $TRLEF 🇺🇸 $Z62 🇩🇪 pic.twitter.com/9ohqxGD2Tf

— Trillion Energy (@TrillionEnergy) August 25, 2023

[BestFishes]

Trillion Energy Announces Second Quarter-June 30 2023 Results
August 23, 2023 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce its financial results for the three and six month periods ended June 30, 2023 and an operational update on efforts to increase production from the six SASB gas wells.

President & CEO, Arthur Halleran commented:

“After successfully completing six wells, our focus now turns to maximizing production of the wells targeting paridy with historical production rates, through system tweeks and other means of resolving production bottlenecks. We have now engaged a third party provider to provide a quotation and recommendations for increasing production from the six wells. The important takeaways will provide guidance for standard operating procedures in the next phase of SASB gas wells.”

Operational Update

Trillion has now drilled five successful long-reach directional wells and one re-completion at SASB and will continue to take steps to optimize production. To increase production, Trillion has contracted a service provider to present recommendations for a slimhole ESP (electric submersible pump), power cables, pump control surface equipment and electric power supply for West Akcakoca-2 and Akcakoca-3. At the end of August pump selection will be made. Reperforation of South Akcakcoa-2 will occur around the same time followed by Guluc-2.

Trillion’s focus is on increasing production on the existing six wells to match production rates previously achieved from the eight legacy wells. We believe that past production history is a useful analog for predicting future production trends and results. To predict future production at the three tripod gas fields (Akkaya, East Ayazli and Ayazli), past production profiles were evaluated and assumed to represent a middle case for Trillion’s five newly drilled wells and the one re-completion. The historic tripod production (commencing 2007) averaged 15.4 MMcf/d for 34 months (gross), after which production went into a hyperbolic decline and averaged a daily production of 12.95 MMcf/d for the next 12 months and averaged a daily production of 6.88 MMcf/d for the following 12 months, and 4.1 MMcf/d for the next 12 months and then continued for many more years at >2 MMcf/d.

Financial and Operating Highlights – Second Quarter of 2023
Gross gas production to Trillion for the SASB gas field averaged 8.16MMcf/d (100% interest) in Q2 2023, an increase of 2.42MMcfd (+42%) compared to Q1 2023 (5.74 MMcfd).
By the end of Q2 2023, the Company had 5 producing wells and a combined average total daily Q2 2023 production rate of 8.16 MMcf/d (100% interest). Each well produced for an average of 1.5 months during the quarter.
Total Q2 2023 revenue of US $5.8 million (C$7.8 million), an increase of 288% from Q2 2022.
Natural gas prices averaged US $13.11 effective for all natural gas sales between April 1, 2023, to June 30, 2023, compared to $21.66 in Q1 2023 (-39%).
Operating income of US$613,232 for the three months ended June 30, 2023, compared to an operating loss of $616,660 for the three months ended March 31, 2022.
For the 3 months ended June 30, 2023, oil and gas capital expenditures totaled US $12.2 million, net of JV contributions, including well costs for Bayhanli-2 and Alapi-2 wells, seismic reprocessing costs and long-lead purchases. Wells costs for Alapli-2 are included, but production of this well does not start until Q3 2023.
The Company closed a convertible debenture financing for gross proceeds of C$15 million (~US$11 million).
During Q2 2023, the Company completed and put into production the Bayhanli-2 well with initial gross flow rates of 8MMcf/d to 9MMcf/d. The Company also spud the Alapi-2 well in June 2023, which was put on production in Q3 2023 (August 2023), at an initial gross rate of 8.7 MMcf/d.
The following table provides a summary of Trillion's financial and operating results for three and six months ended June 30, 2023 and June 30, 2022. The consolidated financial statements with the Management's Discussion and Analysis ("MD&A") are available on our website at www.trillionenergy.com and will be available on the SEDAR+ website at www.sedarplus.ca.

I didn’t post the tables because they don’t copy/paste clearly. Check out the full report on sedar.

[fink]

He's getting punished for pivoting.
11 wells by 2024 to onshore oil wells not till into 2024.
It's a 6 month time suck now. Punt!

I'm still bullish on its potential.

[velcro]

Hey, Art Halleran, some stockholders are shorting or selling under your leadership to oil.

[BestFishes]

Article on the potential Aussie LNG worker strike.

https://www.bloomberg.com/news/articles/2023-08-21/european-gas-prices-soar-on-australia-lng-workers-ultimatum

[fink]

I still think oil will go above $150
That's where OPEC wants it.
Just in time for the US Primaries. I hope.

[9HikeDiscGolf]

Patient.


IMO

[9HikeDiscGolf]

In this week's Trillion Dispatch:

• EU Gas Bulls Rise on Jitters 🇪🇺
• LNG Rally: Winter Demand, Strikes ⛽️
• Record Demand, Oil to $100? 🛢$TCF 🇨🇦 $TRLEF 🇺🇸 $Z62 🇩🇪https://t.co/BrREpD2ipf

— Trillion Energy (@TrillionEnergy) August 18, 2023

[fink]

I like the fact that the country is building a refinery close to that site.
That eliminates the transportion drama and bottle neck due to supply manipulation.