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Trillion Energy
   CSE: TCF – OTC: TRLEF

Developing Natural Gas In The Black Sea
Exploring Crude Oil in Turkiye
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Bullboard - Investor Discussion Forum Trillion Energy International Inc. C.TCF

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

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. > Question CEOs actions....
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Post by TheLandedEagles on Feb 19, 2023 2:10pm

Question CEOs actions....

Im not convinced that CEO made the right choice (decision) in not waiting for the proper equipment to arrive for GULUC well...he stated that in the last paid video, with the interview with Coreena (Power Play) please go listen... he stated it couldnt be air freighted in, but trucked in instead....maybe a 5 day wait. Instead he choice to move slide rig over to West Akacko1 which does take 2 or 3 days and continue to finish off that drill process which he confirmed would take 35 days to reach total depth and select the pay zones and continue to preforate those zones first and then put Akacko1 in production. That I estimate at least would take 45 days in total to put West Akacko1 in full production. Then they would slide rig back to Guluc , which takes 2 or 3 days to do that and place that new equip in the hole to preforate those lower pay zones and I would estimate that would take 7-10 more days to do...during all this time, no renvenues have been generated!!!! with this move Art has wasted in my estimate and opinion 60 days, instead he should have waited those 5 days for the new equipment to arrive for GULAC and put that in production first, especially considing they hit a large 72 meters of gas pay....What he was thinking is beyond me ...and used the excuse of not letting the RIG sit and incurr costs....when in fact, my opinion is ...CEO has caused way more expenses in his decision to more RIG over before putting GULAC into production. Cannot understand his move and true reasoning in doing this. Simply to save 5 days expense for rig...does not work with me. I love to know his real motivation in doing what hes done in not waiting to put GULAC into production ASAP...in order to extract move revenues immediately ...now we have to wait at LEAST 45 to 60 days before we see any revenues from these wells.....The question I have, is what ART (CEO) was smoking at the time when he made that decision and behind his real motivation for doing so...just my opinion and very much do question his real motive...markets are very sensitive to unneccessary long delays and will react harshly with bad decisions by management. I want to know the real reason he did this, not simply to avoid cost of having the RIG sit (5) days really...no, his decision in my opinion has incurred much much more costs....my opinion only!! and not very pleased with his leadership on this move. Next , I do believe a financing is in play and maybe thats why that move was made by CEO to supress the share price in order to do a deal for a new funding placement....again, just my speculative guess...Im still a shareholder with much warrants, but Im questioning his decision and have a right to do so....his action must be held accountable. Lets see what happens....Im dont perfess to be an expert in oil and gas drilling, but reconize the signs of an upcoming finance ...seen these type of actions far to many times by companies in my experience with trading...JMHO...Do your own DD and look to question their real cash position currently...JMHO
Comment by Investnowplease on Feb 19, 2023 3:55pm
I think its actially a pretty sound decision. While in doing drilling operations in my career this is done quite often. As stated before the daily cost are very high and its better to use that cost effectively, especially in a offshore enviroment. I still have questions about not having the tools there onsite.  The engineering behind the drag on pipe downhole is fairly easily calculated. They ...more  
Comment by TheLandedEagles on Feb 20, 2023 11:03am
Well taken..and share your thoughts on why this equipment wasnt there in the first place. Still believe it was a bad choice in not waiting...Look at the loss of revenues from GULAC if he had only waited those 5 days for the equipment. GULAC well would have now been in production now and producing revenues and would have given the markets that reassurance of their producing wells of 3 for 3, and ...more  
Comment by Maxmoe on Feb 20, 2023 1:16pm
Sounds like every home renovation I've ever done. The general contractor and all the trades get paid by the day. Whether they work like dogs or sit around cleaning their hind ends all day. No surprise there are days the plumbers are waiting for the drywall guy or vice versa. It may seem it's purposeful but it's just sh!t happens for even the tightest operations. Now throw a friggin ...more  
Comment by Investnowplease on Feb 20, 2023 3:10pm
I agree totally with you.  Good analogy on house renos..... lol.  Tbh Im a little concerned but have to trust that they can even get down to TD to perforate.  they are trying to drag amd push 4000m of production casing to TD on a well that doesnt have a TVD of 1500m.  The well was basically drilled veryically to about 1000m from what I know then drilled to TD.   That ...more  
Comment by Maxmoe on Feb 20, 2023 5:12pm
You obviously know more about drilling than anyone else here. Thanks for the helpful perspective. Keep an eye on the big picture. Even if, big if, this well is a duster, or more like a wet fart, there's always another well unless they keep missing and stink the place out. Meanwhile another earthquake in turkey today , poor friggers, and the lead story on news in T.O. Is a couple trees at a new ...more  
Comment by Investnowplease on Feb 20, 2023 8:49pm
Well Im no expert for sure. Just have been involved in drilling well over a 1000 wells in my career, likely over 400 HZ wells. I certainly dont know the facts about this well. Im not going anywhere as an investor btw.  Hopefully the issues are surmountable,  but one thing that is very obvious is it will be a challenge. If they can get to bottom hole i would hope that they consider ...more  
Comment by shmenkari on Feb 21, 2023 12:18am
The CEO makes the choice of drilling companies, he does not get to choose their equipment for them. The drilling company is responsible for the choices they make and likely will work with Art to give Trillion a discount on somthing else for their mistake in the lack of enough tractors. If Art were to want to direct them in the minutia of drilling then Trillion would take the liability for all ...more  
Comment by Investnowplease on Feb 21, 2023 9:37am
Precisely why you hire your own company drilling engineer consultant to oversee operations. 
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DEVELOPING CLEAN
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