RE:What We Have Been ToldUnfortunately, the Ventum Report does not specify when the steps mentioned will be successfully completed. So I can only advise every reader here to copy this report and save it safely in order to accompany the promises of success from today onwards. Trillion Dispatch has highlighted the following wells out of 6.
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.
Now it will be exciting to see when TCF achieves its targets and we are happy for Guluc-2 results which are expected shortly.
I remain skeptical as the targets of the last reports, for example 8Capital, were not achieved.
https://trillionenergy.com/articles/eight-capital-c400-price-target
I am also skeptical about Ventum's debt reduction recommendation as small investors will not accept this strategy. The mountain of debt that Trillion Energy is pushing forward is simply too high compared to the economic returns. This has a strong impact on shareholder value, which has been on a constant downward trend for a long time.
Adam Gill wrote, "In the end, we are looking for ..." which begs the question when is "In the end" ?