Post by
Bobwins on Jul 23, 2021 12:06pm
Good interview
Thanks for the link. The interview was very informative. Trillion has arranged it's own funding for the intial two wells rather than waiting for the bigger financing package to close. First well should spud in October 2021. Cashflow should start in early 2022 and grow with the second well. When the second rig becomes available in early 2022, the other three wells can be drilled. Next year should be a busy and exciting year for Trillion. As each well comes online, there is more cashflow to continue drilling the low risk development wells and some exploration wells.
Of course, the two wells have to come online with minimal issues AND the financing needs to close this year so the second set of wells can be drilled. This looks about as low risk as drilling can ever be but I think the market is still skeptical until the cash starts flowing to Trillion's bank acct.
2022 should be a good year for TCFF stock!
Comment by
itwillgo1 on Jul 23, 2021 12:39pm
I agree with everything you said. The forced exercising of outstanding warrants is what's hurting the market at the moment. People are selling stock to exercise, mostly 12 cent, warrants. The deadline is August 6 and the unexercisesd warrants will expire. At that point the selling pressure should ease and maybe stock will appreciate to more realistic levels. JMHO.