RE:Javamanrockit2, I just think that new discoveries can can change any companies, near term focus. I don't think that in the past Trillion had the cash available to make any significant deal nor does it yet today. Tomorrow could be a different matter entirely.
The idea of exploration off block (SASB) in any licenced shallow water field, entices me stay invested here. It must be frustrating for Trillion managers to have to wait for all the cards to fall into place. This is especially so, now that the huge find by TPAO was discovered, north of the block.
However, one might think that since the main players are really not facing too much competition in the short run, that both companies may feel this same way. Off shore in Turkey, time is on their side.
So from this perspective, it would appear that TPAO may believe that they can focus their main efforts and expenditures on their new discovery rather than scramble hard to find more nearby resources before some other major commercial entity, manages to do the same. Art Halleran probably might find some comfort in this thought.
He may be anxious to get going on some significant exploration near the new discovery site. They are likely many more major larger geological underwater stratigraphic structures nearby to explore. This is so especially so now, since everyone here knows, that the biggest money, to be made is by drilling nearby.
Maybe, Trillion will attempt to push, just a little harder, to get their near term projects, all underway. I don't know the feasibility of moving up the time frame. But if it can be done, Art will get this accomplished!
He must be a very busy guy now!
Drilling platforms are not as plentiful as they perhaps they should be. And I expect that in the future there will be more competition to get them.
However, it's good that the companies, already in the area, have the geological data that gives them a head-start on any new competition that might soon be entering this prolific region, so well endowed, as it is, with gas fields aplenty!
For now, there may be no need to hurry, on shore, near Turkey.
It may be a different matter for the Vrarino 1-11 gas licence in Bulgaria. These Eastern Block countries want to get going quickly on their regional gas plays. So Trillion had better started, figuring how they are going to pull this off. The amount of gas on shore and off shore could be an immense addition to the upside of potential for Trillion's share price, if even the suggestion of a deal for the commencement of some kind of exploration, could be announced.
Bulgary doesn't presently derive a significant portion of its energy needs from natural gas but it is well tied into other European countries needs. It has already made a massive investment, in its own regional pipelines that are so well connected internationally.
So one might assume that they would look favorably towards the use of their domestic supplies of natural gas as an excellent source, for additional domestic revenue, when exported into the international energy market.
Anyway, it looks like Trillion has a lot on its plate for the next few years and perhaps well beyond!
Maybe this stock is a keeper afterall!
All the best! Java