Value Microcaps Junior Energy

[Bobwins]

Trillion Energy, TCF.v/TRLEF US$.30

Trillion hit a big one in the Black Sea, 16+mcf/day in tests. Put on production at 6mcfpd. Trillion currently gets $17/mcf for their ngas versus $2+ in the US. Trillion bought 5 offshore platforms worth about $6million for peanuts a few years ago. They are drilling mostly known wells that were discovered but never drilled in times of much lower ngas prices. They have drilled 4 wells and hit on all 4. The plan is to drill 11 wells this year and about the same number next year. The known targets will result in about 25 wells to be drilled thru 2024. There are also several exploratory targets that are close enough to the existing platforms to be drilled with extended reach directional wells. Trillion hopes to find several fields like the current SASB field to continue to grow production and reserves.

Revenues started in 11/22 so this is still fairly early. Trillion has a market cap of 110 million. Cashflow should be solid by year end 2023.