Long Term Debt versus Further DilutionI am hoping that Art is working on some serious Debt Financing with Interest and not dilution. He said he is active over the next month working on the debt component for Phase A and Phase B programs. Art now has some negotiating power to capture debt on good terms to Trillion. We are still in an environment of low Interest Rates ...here is hoping!
There is no need for further shareholder dilution at this time. We just went through a large dillution of Trillion with the last share offerring with warrants. Art is well aware that there will be near 400M shares outstanding once all warrants and options are excercised. We can also expect up to $22M towards Phase B drilling program. The $22M is from the conversion of the 1/2 Warrants once we are trading over $1.00 ongoing.
I think Europe is going to face serious heating issues and shortages this fall and winter no matter what the price is for natural gas. I believe we have not seen peak gas prices yet, We are in the middle of a war and there has been ongoing shutdowns of gas from Russia to several countries. We are in the right place at the right time!
I was glad to herar that Art is hoping that he can drill one or two of the large pools just off our block in the Phase B drilling program. If one of those pools contain gas like the Tuna discovery,then Trillion would move very quickly into a new league. It is my hope that Turkish Petroleum will want Trillium to move the discovery into production as soon as possible. I wonder what the cost savings would be by not having to drill a mile deep in the millde of the Black Sea as with the Tuna discovery?