Summary..............Three stars of Trillion all lined up !For those that are new to TCF..............Art is a savy phd petro/geo who was a co-developer of Canacol in Colombia....which is still a serious going concern.........his birds eye view of markets and corporate setup has been not just impressive..........but stellar !!! He has lined the company up for long term growth with his vision !
First star.........Got hold of SASB when gas was in the tank and got it for a song.....patiently groomed it and now fully financed has 14 wells of low hanging fruit, gas fields to tap
Second star...........timing !!!!!! energy squeeze in Europe .............ensures stellar NG prices for the next few years
Third star..........siezmic data in palm of his hands for near blue sky field adjacent to SASB.............has 1st mover advantage with paid for near by infrastructure, could outbid and other suitors
Romanian property blue sky as well
My take.....................huge cash flow near term, after a few wells I see a much bigger institutional footprint in the market going forward ....................this is a multi year hold and not just a trade !
A once in a lifetime opportunity with extemely clear viisibility !
GLTA