yeah, not sure why the sudden upsurge. Company has not delivered on promised big announcement in early September about drilling/financing.
The opportunity is there but company has struggled to line up financing.
Ngas pricing in the rest of the world is going thru the roof! $30/mcf???? yikes. We are short on storage but the LNG export plants are maxed out or our prices would be going thru the roof too. Ngas is close to $6/mcf, which is really high.
TCFF has to sell to Turkey so they can't lure financing based on higher world prices( like Asia!) Still surprised someone in Turkey doesn't step up with $15million and get a royalty on every mcf. The situation with TCFF seems almost too good to be true. All that capital poured into platforms and previous drilling makes it seem like a minimal risk situation but TCFF can't get the $15-20 million in the door to start the ball rolling. Once they drill one or two successful wells, they should be able to finance future drilling.
I don't have much invested but enjoying the ride.
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