What A Difference A Year MakesThx BMack for sharing your communications and for sharing your Due Dilligence with us++
There are several long term share holders on this board with similar findings to you!
I believe that Dr. Halleran just paid off the outstanding debt by issuing 1.8m shares at .40 cents.
Like you, I wondered how Trillion obtained the SASB Assests for such a low price of $2.5m?
Thank you for the answer++
The real benefit to share holders will be the amount of value the assets have when Trillion moves them from off-book (as the 4 gas wells are non producing at time of purchase) to on-book (once the 4 new wells are hooked into production 45 days after the financing is finalized?
The actual initial costs of the 4 Platforms, Infrastructure and the Processing Plant was over $600m and Trillions portion is about $300m ... so, we will have to wait and see how much the Accountants can move back onto the books as Assets and thus share holder value when we are producing gas?
Important to know : Dr Halleran used his own money to complete some necessary reports to advance the project to get us to where we are today..."hook up ready."
By this time next year I expect :
TPAO (Turkish Petroleum) will request Trillion's assistance and expertise with future drilling within the Black Sea...
Trillion moves to Phase 3 and is generating $3 - $4m of free cash flow per MONTH.
Independent Third Party estimates for project EBITA =US$250m for first 17 wells
Trillion brings on 3 - 4 more Gas Pools and ties them into existing Platforms from proven pools
Trillion is Re-Rated to reflect the increase in free cash flow, reserves and assets.
Trillion gets listed on the London Stock Exchange.
Trillion funds through cash flow the initial drilling for Oil on land package (Derecik) next to Iraq.
Trillion discovers more deep gas pools on the extended land package between SASB and the new 14TCF Tuna Discovery 100 miles north east of our land...
Dr Halleran is nominated for Petroleum Man of the Year !!
Exciting Times Ahead ....
GLTA