RE:VS updateI agree on VS part. Good to see it is on the way.
But, oil exploration is a desaster to me. I dont think that they still have the license:
Oil block update -The Company has continued to work to finalize a farm-in to earn a working and revenue interest in M46 and M47 oil exploration blocks within the Cudi-Gabar petroleum province, Southeastern Turkiye (the “Oil Blocks”). The Company initiated seismic work in 2023 on the Oil Blocks planned four exploration wells for 2024, however, such wells have not been drilled as the Company focused on its workover program at SASB. As a result, the block license owner secured a third party to drill two wells on the Oil Blocks and gave up a 20% interest. As such, the first two wells will not be drilled by Trillion and Trillion is committed to earning an interest in the Oil Blocks subject to financing and finalizing participation terms.
Trillion in its news relase just talking on behalf of 3rd parties as if TCF is part of the new deal. License owner has replaced TCF and signed a new agreement with 3rd party and they will continue their joint venture. It is not share of the well obligations. TCF failed to get seismic data and of course could not drill the wells. Obviously they are out. What TCF tries to do is bla bla bla. We can see the truth.