RE:TCF...Dispatch...of Friday Nov.15thThis report from Trillion Dispatch reflects the typical Halleran style.
The new Ventum pay analysis is the third analysis as far as I can recall and forecasts a maximum of C$2.00 if production improvements continue. This could appear lucrative for new investors. However, this value should be taken with a grain of salt, as the Eight Capital 2023 analysis already estimated a value of C$4.00 and where does TCF stand today?
https://trillionenergy.com/articles/eight-capital-c400-price-target
TCF currently has 3 wells of 6 in progress and only one well has a documented reliable flow rate. The goal is to drill up to 17 wells through a workover and deviated wells.
Akakoca-3 well: Increasing production from ~2.0 MMcf/d to ~2.6 MMcf/d
West Akakoca-1 well: post-nitrogen stimulation.
Guluc-2 well: installation of the velocity string is underway and results are expected shortly.
What are we missing in this report? Firstly, Ventum Capital does not provide a timeline for the implementation of Trillion Energy's "growing confidence" in its velocity string programme. Secondly, there is no indication of how TCF plans to reduce its debt pile of over $30 million.
Summary
A lot has to happen to impress the market, so Art Halleran has his work cut out for him. The most important thing will be to present the flow rates of all the wells in progress and reduce the debt as quickly as possible. TCF needs to present a debt reduction plan to convince small and large investors. Art Halleran's headline of doubling "Presses Ahead with Turnaround Strategy to Double Monthly Cash Flow" needs to be backed up with more detailed statements and facts.