Bullboard - Investor Discussion Forum Trillion Energy International Inc. C.TCF

Alternate Symbol(s): C.TCF.WT | TRLEF

Oil & Gas Drilling

Trillion Energy International Inc. is a Canada-based oil and gas producing company that strives to maximize shareholder value through a mix of offshore gas development and high-impact oil and gas exploration in Cudi-Gabar province SE Turkey. The Company is 49% owner of the South Akcakoca Sub-Basin (SASB) natural gas field, a natural gas development project with four offshore platforms... see more

CSE:TCF - Post Discussion

Trillion Energy International Inc. > CEO's response

View:

Post by jermiah777 on Jan 05, 2023 6:02pm

CEO's response

I sent an email to the investor's contact on their website. Usually I send to Art himself but I thought I would go through the correct channels. My question was how concerned should we be about the softening of gas prices in Europe. His response was very encouraging....I will quote it below:........
"The softening of the gas price in Europe will eventually affect our price in Turkey. It has not affected it at the moment. However, we were going ahead with this project at 8US -9 US/ MCF gas prices before the invasion as at that price the project was very economical. This low of gas price will not be seen for many many years."........So I find this encouraging because it means the people selling today because ot the European gas prices softening are failing to understand that Trillion is still selling their gas at 30 US/MCF which is roughly about the same as 99 EUR/MWh. Today the European gas prices went up to about 70 Eur/MWh. Are the buyers of Trillion's gas upset that they are paying more at the moment than the price for Europe? No, they are happy. WHY? Because they have paid 99 Eur/MWh for the last 2 months, even while Europe's gas price was up as high as 300 Eur/MWh. So they are still much further ahead than what Europe has been paying. And with China opening back up and competeing for natural gas on the world market, the gas prices likely are going back up. But the bottom line is this: This project was very lucrative and economically viable at only 8 US/MCF or 27 Eur/MWh. But today Trillion is selling it's gas for almost 4 times what is very economically viable. And even the soft prices of Europe today, amount to almost 3 times more than what they originally wanted. So as usual, Art is still very positive about the company and excited about this quarter being the strongest and best quarter yet. REmember...they have 10 million in cash. NO DEBT...and after the next two wells, they have enough coming in to fund all the rest of the exploration they need to. And so Market Cap must just keep relentlessly going up to reflect the increase in value of the company.

512