RE:RE: Remember --- Abundance of gas pay.jermiah777 is quite correct in his observations! Strategic Plan versus Shareprice ... After 3 years I have truly given up on the share price reflecting Trillion's current reality. One must assess and determine what is the market baking in at .35 cents? A Corporate Strategic Plan that has been executed with precision ... Over the last year we have gone from wishful thinking all the way to 2 wells producing and a 3rd well to be announced any day. The 4th well is not too far away ... e.t.a. March .......
The estimated free cash flow will be near $100m (cdn) For 2023 ... and $140m for the full year of 2024.
this is not guess work ... the data available 3 years ago allowed me to see what this company had and the proof was all there... For one, I am not concerned about the share price until I want to sell ... and that will not happen until our blue sky annomolies are tested. Good on Art and team for taking the next 5 months to apply modern applications on 3D Seismic Images that were taken many years ago ...
With the potentail of discovering a large pool I think this re-imaging old data can only increase share holder value in the long run. Art did mention that they are considering to target a much lower level of sediments ....What layer did they hit the Tuna in? ...In 5 months time we will have completed the 7 well program ...at the same time the re-imaging will be complete for the team to choose one of the off block annonolies... Waiting 6 months is no price to pay when a well will come on each month and then we get to test ....one of the big ones..stay tuned and stay invested .... your due diligence was correct and we are ticking off boxes on the strategic mission to deliver on what has been promised and more...
Just think .... the Annalyst projected a price target of $1.35 (cdn) with the completion of the first 7 wells....so that works out to .20 cents per well .... so ...with number three well to be announced any day .. we should be trading at .60 cents ! ...and in March with number four coming into production ...then with basic math and assuming the analyst was correct in his assumptions ....one can say we should be trading at .80 cents next month . Is he wrong in his estimation? ... or Is he correct and there remains a very large buying opportunity for those even getting in for the off block drilling to come in June 2023 ....More to come re off block once we have secured the leases for those blocks. In my bumble opinion I am at the right place at the right
time ...