Trillion Energy International Inc. TRLEF

SASB

[Fredo51545]

Well performance looks better than I thought at about 3.5 m2 cf/da per well. Two wells left to finish could boost volume to 20-21 m2 cf/da, 10m2 cf/da net to Trillion. At US $12.33, that's $3.7 mm of monthly revenue. Is it enough to avoid a cap raise? MC is US $15 million at the low today. I have been buying. Had an 88% loss vs average cost at today's lows so hey, my advice ain't so hot.

[TheLandedEagles]

Well, just my opinion....No...., fields are not producing as originally expected. They have a Severe Pressure problem in those wells and in that overall SASB gas area, ...eventually, in the entire SASB Block!!!..MAYBE!!!.. That could explain WHY, the predecessor company couldnt bring these reserves and resources to market and realize its full potential..Just my opinion...CEO, thought at the time ,

[negeb85631]

previous operators (Toreador & Stratic) were very successful in getting gas, their problem was huge debt that couldnt pay (600m investment just in infrastructure alone) as price of gas nosedived after 2007 financial crisis... Their wells were straight and short.  Problem with Trillion's is they designed them as long reach and wide = more water pressure.  They plan to fix it with

[fredo1]

Well said. I agree.