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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

Post by jrk8888on Dec 29, 2022 9:39pm
527 Views
Post# 35196412

Calculations/thoughts...

Calculations/thoughts...*based on recent TCF news releases I've got some "guesstimates" on current/future production/revenue moving forward. 

Current production 2 wells 3 + 3.3 MMcf/d 49% converted to boe/d = 
roughly 260 boe/d per well to TCF

Working backwards. Using the 24 mil US after royalty number. I get roughly $37 million revenue CDN for the 2 wells per year. (24x1.14x1.35)

With 10 wells in production TCF should exit 2023 with about $15.42 million CDN monthly or $185 million annual revenue based on current pricing and production rates.

Considering TCF has zero debt and little operating costs outside of drilling. These wells should still  be very profitable, even with the low production rates.

THE BIG QUESTION IS WHEN OR IF THE FLOW RATES WILL STOP BEING RESTRICTED.

If TCF can get production up to at least 4.5 MMcf/d per well which is at the low end of historical production. This would represent roughly 375 boe/d to TCF or a 44% increase in revenue.

The 2023 exit revenue would jump to $22.2 mil a month or $266 mil CDN.

The 17 wells would have about $450 mil CDN revenue annually or $37.5 million a month based on current pricing. 

If flow rates stay the same I think TCF can get to $2+/share in the next 18 months.
 
If the restrictions come off I can see TCF easily getting to over $3+/share.




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