6 Weeks To Go
A major event happened in late October 2023 where a major shareholder passed away and his TCF stock was sold in a matter of days. On October 6th 2023 the stock split 5/1. and traded down for 3 weeks to .61 cents. Then, from October 28th to Novermber 10th (8 trading days) went down to .31 cents. We lost 50% of our equity in 8 trading days and over 30 million shares traded hands.
Echelon : November 2023;In our view, the stocks extreme underperformance is unjustified at this time; whle some weakness would be expected after missing expectations, the stock has been behaving like the core asset is broken, which is not the case.That said, the market has not shown any patience with the stock, and TCF has been heavily sold down ...
"How is he going to manage and finance this when SASB may not generate revenues until the end of 2024" TCF plans to be producing 7.5 mcf/day by the end of July and that is 6 weeks away. A further 7.5 mcf/day by the end of the year. So, as of the end of July that will be over $30m in revenue per year or $2.5m revenue per month ...going toward the SASB wells, debts and operations. We have been told that Cendere will fetch a single figure which I estimate somewhere between $5m and $7m based on $2m of revenue per month.
"karmanow, you are very optimistic. i hope it jumps up to 5 but lets be a bit realistic...the seismic on oil block is not processed yet. the seismic company claims that they have not been paid." I have not read that? I think some of the 2/D Seismic has been processes and that is why page 14 on the corporate presentation shows the Anticline Crack goes deep through the layers where TPAO discovered massive oil pools...Actually, the Seismic has shown a second crack at lower levels...maybe the payment to the Seismic Co. will be upon completion of the mass 2/D Seismic survey underway. $5 will be for discovering one oil pool that can generate 10,000 barrels per day. I think page 14 is a must see...
"By Invitation Only" ...In Turkey land leases are awarded to those that have shown loyalty and results. It does not matter how big you are. Having TCF involved in these 3 Oil Land Leases could open the door for TCF to discover Oil and provide revenue to fund on-block and off-block exploration at the SASB and for further drilling for oil pools. A definate win for TCF and for Turkey. A partner will fund $3m per well ... and if the Seismic shots are analyzed and show potential oil traps and the new partner commits to drilling for them, then we can bring on the 6 wellls at SASB as well as have drilling done on the Eastern Oil Lease.