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Re: BestFishes post# 1543

Wednesday, 05/03/2023 5:02:29 PM

Wednesday, May 03, 2023 5:02:29 PM

Post# of 1861
I was bummed to see that Art did not present today at the Emerging Growth Virtual Conference. Nonetheless, Scott Lower was representing TRLEF.

Here is a recording of the 30 minute presentation with questions towards the end.


Some questions that stood out to me:
* Q1 2023 financials will be filed at month end.
* Trillion's monthly burn rate is about $3 million USD (on average).
* Obtaining debt financing in the future is on Trillion's agenda.
* Trillion is very close to profitability. Specifics were not named.
* A second rig has been discussed for a while now, but there is no plans to acquire. They are pleased with the current operations having the single rig.