Trillion Energy International Inc (TRLEF)

[Bobwins]

TRLEF -.0182 to US$.1558

Trillion CEO did an interview on something called Emerging Growth Conference 34 today. It was a good overview of current situation. Had a couple of slides showing where he spent several million buying supplies so that Trillion is ready for the drill rig when it gets there in August. Said they will send expert to inspect the rig and get any repairs done before the rig travels to SASB and before they have to start paying daily rig fees. Drilling company is responsible if there is a delay in getting the rig to SASB due to repairs that are their fault.

Art is focused on getting everything ready for the drill campaign. Went over financing and rationale for why he did what when. He made a good point. Said imagine if he had waited to raise money until now. How hard it would be to get investors interested right now. Anyway he raised the money when it was available.

They spent about $4 million on early supplies and securing rig( had to send them $1million to ensure they would come in August) and another similar amount will be spent in July to ensure everything is ready when the rig arrives in August.

Went over exploration plans AFTER SASB is drilled and wells are online and producing. Said there are big prospects and they will use SASB cashflow to pursue prospects in 2024-25 after cashflow is well established.

Agreed that valuation is very low. They raised C$40 million and market cap is around US$45million. Investors are valuing SASB at around US$25 million, which is very low given size and certainty of well sites and equipment.

Had question and answer period. Someone asked why the stock price was falling.
Duh! Everything else is falling too.

Another asked if he was going to use the money he raised to support the stock price now. Very glad to hear him emphasize that the money raised will be used to generate revenue thru drilling. Short term thinking in supporting share price is stupid in my opinion. The prize is revs and profits. Let the market figure out what it's worth after they start cashflowing in the millions per month.

It was a very good interview. Art mentioned that during fundraising they were prohibited from conducting any IR. That is over and he is trying to drum up interest in the stock. But in the end, we have to wait for the first well results. After that, every 45 days, they will start drilling a new well until the previously drilled wells at SASB are drilled and operating.