Vranino ?
Supposedly, according to the most recent
MD&A, they decided to dispose of it in late 2022.
Pages 6 - 7 "Bulgaria Licence"
"Bulgaria license In October of 2010, the Company was awarded an exploration permit for the “Vranino 1-11 Block”, a 98,205 acre
oil and gas exploration land located in Dobrudja Basin, Bulgaria, by the Bulgarian Counsel of Ministers. On April 1,
2014, the Company entered into an Agreement for Crude Oil and Natural Gas Prospecting and Exploration in the
Vranino 1-11 Block with the Ministry of Economy and Energy of Bulgaria (the “License Agreement”). The initial
term of the License Agreement is five years. This five-year period will commence once the Bulgarian regulatory
7
authorities approve of the Company’s work programs for the permit area and the Company completes an
environmental impact assessment (“EIA”). The License Agreement (or applicable legislation) provides for possible
extension periods for up to five additional years during the exploration phase, as well as the conversion of the
License Agreement to an exploitation concession, which can last for up to 35 years. Under the License Agreement,
the Company will submit a yearly work program that is subject to the approval of the Bulgarian regulatory
authorities.
During the fall of 2022, the Company consulted with local counsel and an environmental consultant but was unable
to determine whether it would be able to obtain the license. In October and November 2022, management made
repeated efforts to obtain a visa to visit Bulgaria and seek clarification on the status of the license, however the visa
applications were declined. The Company thus determined it would dispose of the Bulgaria property during the year
ended December 31, 2022."
But.... but... but.... it's
still on the website under "Projects".
and they surely must be aware of this, as prompt as they are
about things such as News Releases and generally giving the
website a
"fresh, new look" with regularity.
Vranino would be a natural JV with Bulgaria, who undoubtedly
notices the smoothly-working deal Trillion has with Turkiye, and
who would presumably like to see that coal-bed gas get produced
for Bulgaria's benefit.