Dec 9, 2021
We sat down with sponsor Trillion Energy Corp’s CEO Arthur Halleran. He is very optimistic. Energy prices are escalating, especially in Europe and Asia, right in Trillion’s backyard. Revenues from their Cendere oil fields have increased dramatically and natural gas prices have risen from just under $6 per mcf to $10. The cost of production is quite low, hovering around $0.11 per mcf; the pay-off from the SASB field will be substantially higher than originally anticipated. While project financing has been drawn out, there’s a light at the end of the tunnel. Once the company is re-domiciled in Canada (US trading will be unaffected), Art assures us that financing will happen soon thereafter. Then wells will be spudded and that means that cash flow is within reach. All of which is great news for shareholders like us.
www.TrillionEnergy.com Tickers OTC: TCFF — CSE: TCF