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Trillion Energy International Inc. C.TCF

Alternate Symbol(s):  C.TCF.WT | TRLEF

Trillion Energy International Inc. is a Canada-based oil and gas producing company that strives to maximize shareholder value through a mix of offshore gas development and high-impact oil and gas exploration in Cudi-Gabar province SE Turkey. The Company is 49% owner of the South Akcakoca Sub-Basin (SASB) natural gas field, a natural gas development project with four offshore platforms, pipelines and gas plant located in shallow water black sea. The Company also has the Vranino 1-11 block, a prospective unconventional natural gas property in Bulgaria.


CSE:TCF - Post by User

Comment by Fredo51545on Nov 18, 2022 8:48am
155 Views
Post# 35109725

RE:RE:RE:Bear Market

RE:RE:RE:Bear MarketThe $2 million /mo number is based on 4-5 M2cf/d per well flow rates @ $31/mcf. So, 4x30x$31 less 12 1/2% royalty equals $4 mil/month x 49% interest net to TCF = $2 million. Of course, we don't know what initial sustained per well production rates will be. Moreover, by the time all 17 wells are drilled, natural decline will reduce volumes from the earlier wells. My model has the production revenue peak net to TCF of $220 million in 2025. I have reduced the $31/mcf gas price to $27/mcf in that year. 
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