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Trillion Energy Turns Mothballed Gas Field In to Cash Cow

Ajouté le sam. 15 avril 2023 Actualités et politique Rectangular HD

Today Trillion Energy's (🇺🇸TRLEF — 🇨🇦TCF) CEO Arthur Halleran joined us for a sponsor update and discussed the following key points in Trillion's transition to a major Black Sea natural gas producer:

• How a Mothballed Gas Field Became a Cash Cow
• Drilling and Production of Wells
• Disconnect between gas production and share value
• Expansion Potential for Trillion Energy

Trillion has successfully drilled four wells in Turkey's Black Sea, the process doubling their cash flow. The field is expected to produce natural gas for at least the next 20 years, with plans to drill up to 50 more wells in the future. The NPV based on the latest reserve report is approaching C$1 billion, and their market cap is an astounding 15% of NPV.

CEO Halleran discussed the potential for Trillion Energy to expand their production and acquire adjoining blocks that will leverage its $600 million existing infrastructure. He also discussed the potential for increased reserves and the possibility of capturing higher gas prices in the future.

I still personally believe that Trillion Energy is the most undervalued play I have seen in my 40 years of investing and have been holding on to my shares.

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Ticker symbols: 🇺🇸TRLEF — 🇨🇦TCF