Trillion Energy (CSE:TCF OTC:TCFF FSX:3P2N) just secured a US$17.5M royalty-debt deal in order to bring its SASB gas field into production. The company owns 49% of the SASB project in the Black Sea just off the cost of Turkey and has an offtake partner ready to purchase its gas. Drilling will commence in September and the company will see cashflow in Q4. By next summer, Art said, Trillion will be up to about US$4M/month cashflow.
Trillion has tremendous blue-sky potential on its natural gas license areas which it is currently seeking to expand. The company’s SASB gas field is located just 100km south of the largest gas discovery in 30 years in Europe and is the only nearology play in the region.
Art has already built several successful energy companies. Once such company is Canacol Energy which he co-founded and now has a US$500M market cap as the largest natural gas producer in Columbia. He has a Ph.D in geology and over four decades of experience in the gas and oil business. Art became involved with Trillion years ago because of the quality of the SASB asset and has never sold even one share. He has said, “I’m going to hang onto my shares until I get the shares up to the value it should be.”
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1:11 US$17.5M Royalty-Debt capex secured
3:34 Securing rigs and drilling in September
4:47 Saturn rig for shallower waters; Uranus for deep water
6:28 Financing continued development with minimal share dilution
8:40 Schlumberger planning wells
11:10 Expanding SASB license block
12:59 Art’s response to Alamos Gold’s claim against Turkey
14:05 Trillion has all permits and licenses to begin production