Trillion Is Finally Ready To Move Up In Class Stay tuned ... I think we are about to get some market respect ... even if it comes kicking and fighting. the next 2 weeks is going to be very interesting for shareholders. even if the share price does not react accordingly. 10 more trading days until we get a revised independant 3rd party Reserves Report and bring online #3 and #4 wells.
Two separate analysts have given us a $1.35 (can) and $1.50 (can) with 7 wells producing. that equals .20 cents per well .... so, 4 wells in two weeks = .80 cents (can). that is without an updated reserve report that could double our existing reserves. All of a sudden the depletion curve looks more of a straight line versus the current downward curve. Just because the market does not have TCF at a higher shareprice ... does not matter to me as the achievements are what is going to drive this stock upward. The wait and see period is coming to an end ... we are seeing a junior exporation co. move up to a producing gas co with huge prospects for next 2 years The drilling is really just beggining. The new gas pools will be connected to the existing infrastructure at minimal capex costs. No new platforms required.
In June, Art will move the Uranis Rig to newly identified pools on the SAAB. The revised 3D Imaging will help identify the best prospects. Art has made clear that there is enough prospects to keep the Uranis busy for the next 2 years. we all know that the Uranis is good for the current operations but will bot be a candidate for the larger anomolies off block. Finding gas pools with 55m and 70m deep in multiple sands is very impressive indeed.
Thank god art had the Vision and Focus to secure this asset. He kept the pipes working in maintenence mode for the last 10 years so they would be ready to deliver the new gas from the fields. thank god we are not subject to financing infrastructure to put trillion into operations now. He also is drawing on over 223 sq. km of 3d seismic images that are being reprocessed as we speak...what would 223 sq km of 3D seismic cost today and how much time would that take? Our processing plant has alot of capacity left to process all the new gas pools.
So, without much capital required ...
TCF will be drilling for the next 2 years and connecting new pools on every 45 days.
Our reserves will likely double with a new report due in 2 weeks time.
The price of our natural gas is selling for 5 times that of North America. That means our reserves should be valued at 5 times North American gas reserves?
Over the next 2 years I would not be surprised if TPAO considers moving one of there deep ocean drilling rigs (currently at the Tuna 100 miles to the north) to assist with drilling the large gas anomolies found off block ... we are pursuing the permits to these blocks.
Shorters .... take notice...your time is done.
We are about to be rewarded for our patience ...and the massive achievements over the last year.