RE:Lets put today into perspective :)Merryl Lynch sold 500,000 shares yesterday into the BID and crushed the rally ... likely profit taking on their part? They also crushed investor confidence in TCF. Dr. Halleran speaks tomorrow and will likely confirm that there is NO change in the companies plans of finalizing the $20m financing required to bring on the 4 new gas pools. TCF is NOT a short story and requires investor patience and confidence in the pending milestones and projected free cash flow that will be generated. Important to note : Trillion is the ONLY publicly traded company working in the Turkish portion of the Black Sea...Huge advantage Trillion and our partner is the Turkish Government.
The infrastructure is IN PLACE and the company does not require CAPEX costs to bring on the 4 new pools of gas. He estimates about a 45 days to hook up the new 4 pools. So, 2-3 weeks to secure the $20m ( including the drilling company fronting their costs and taking the costs from future gas sales) and then 45 days to production! It is not complicated at all. For those share holders that sold into this sell off .... there are equal investors buying into TCF ...TCF's intrinsic current value is $1.25 per share. Please listen to Dr. Hallerans talk tomorrow, I am sure it will be posted here for review. Dr. Halleran has 6m shares and stated publicly that he would NOT sell one share below $1.25. Our largest shareholder with several million shares stated that he is expecting a 15 times multiple of current share price. He/she is playing the long game and wants to see if we can discover another TUNA size pool on our newly aquired land in the Black Sea. I am waiting until next year when Dr. Halleran expects to put a drill hole into Trillion's land next to the Iraq/Turkish border next year. My due dilligence tells me that we could discover a huge oil pool similar to those within 50 to 100j miles away in several directions. He also has the option to form a Joint Venture to drill further holes to fully appreciate the huge land package.
GLTA