Value Microcaps Junior Energy

[Bobwins]

TRLEF/TCF.cn +.0165 to US$.30

Trillion Energy announced they signed the contract for a drilling rig to begin drilling their SASB project offshore Turkey in July/August 2022. They also recently closed a financing of over $10million.

Trillion is unusual because the field they are drilling has already been producing and the four initial drill sites have already been drilled and proven to have gas. There is probably some risk of mechanical failure but largely low risk drilling. In addition, the drilling will be conducted from already existing drilling platforms. The producing portion of the field already has connections to a shore based production facility owned/operated by Trillion's partner, the national gas company of Turkey. So once drilled, the wells will be brought on production within 40 days of spud plus completion time..

This short time frame should allow Trillion to reach cashflow positive status relatively quickly. Another positive is that the Turkish national energy company, Trillion's 51% partner in the project, has recently raised ngas prices to just under $18/mcf.

https://trillionenergy.com/2022/05/18/trillion-energy-international-signs-drilling-rig-services-contract/

Here is the latest investor presentation from Trillion just a few days ago.

https://trillionenergy.com/wp-content/uploads/2022/02/Trillion-Energy-Investor-Presentation-May-2022.pdf