Trillion Energy Will Spud New Nat Gas Wells in July says CEO Art Halleran
Trillion Energy (CSE:TCF OTC:TCFF FSX:3P2N) is a near-term oil and gas producer with massive upside. The company owns 49% of the SASB project in the Black Sea just off the cost of Turkey. Trillion already has the platforms, transportation pipes and onshore processing facility in place as well as an offtake partner ready to purchase its gas. In this interview CEO Art Halleran shares that with the money from the current financing the company is securing the drill rig and consumables needed to hit the July 2022 spud date and begin natural gas production. Art provides an overall company update and also reveals that amidst Europe’s need for new natural gas sources, Trillion is now looking to advance its 100% owned Bulgarian asset which has 1 TCF of gas.
Trillion has tremendous blue-sky potential on its natural gas license areas which it is currently seeking to expand. The company’s SASB gas field is located just 100km south of the largest gas discovery in 30 years in Europe and is the only nearology play in the region.
Art has already built several successful energy companies. Once such company is Canacol Energy which he co-founded and now has a US$500M market cap as the largest natural gas producer in Columbia. He has a Ph.D in geology and over four decades of experience in the gas and oil business. Art became involved with Trillion years ago because of the quality of the SASB asset and has never sold even one share. He has said, “I’m going to hang onto my shares until I get the shares up to the value it should be.”
0:00 Introduction
1:04 Current financing & meeting July spud date
5:32 Listing on the LSE?
7:07 Exploration plans after spudding?
9:38 Inflation and your production costs
10:43 Turkish currency risk?
12:41 Turkey & NATO needs Trillion’s gas
13:19 Bringing in a partner?
13:47 Cashflow in Dec ’22?
14:47 Shipping lanes in Black Sea safe?
15:55 Trillion’s Bulgarian 1 TCF project
18:34 U.S. Ticker TCFF trading
21:00 Art is traveling to Romania & Turkey
