RE:The challenge regarding pressuremcnils wrote: The challenge regarding pressure was discussed months ago. The quick and easy solution will not be there, otherwise it would already be installed. The fact is that the onshore processing plant is the bottleneck of programm A.
What can be done now is to extract the maximum from 2-3 wells. If the flow rates of individual producing wells decline, they will have to be replaced by shut-in wells. Thus, the drilling costs for the remaining wells would not be entirely wasted. Doubling the flow rate, as Art mentions in the video, is risky because the onshore system was never designed for it and the price for a system that can withstand new North American drilling technology is too high.
The market has recognised the critical situation and the share price has reacted accordingly in recent days. Trillion's current information policy could now contribute to the share price ending in a downward spiral. Sober TCF news about the global situation on the gas and oil markets, which are supposed to make the Trillion oil project in the elephant environment palatable, do not help at the moment.
If you look at the insider sales, which stupid small investors will never understand, they could soon be considered insider trading in relation to the decline of the share price. When will Trillion Energy once again bring itself to report the news that strengthens the share price to ordinary small investors, institutional investors and the big market?
Yeah exactly once investors realized that the wells had FLOW problems...water in wells...the stock TANKED...it's quite simple stocks go UP on good news and DOWN on bad....at this point investors confidence has been SHACKEN SEVERELY...and thus the downward spiral in share prices have come into effect.
Trillion energy needs to FIX all these issues to increase monthly CASH FLOW....because let's be frank...roughly 400 million shares are out there...that's a LOT...not enough revenue currently to support share price increase...
The only thing that will save this company is BLACK GOLD...and LOTS of it...just too many shares out there 6 semi functioning wells just doesn't CUT IT.