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INVESTOR ALERT: Overlooked, Undervalued Natural Gas Producer Ramping Up Production in Turkey
Trillion Energy (CSE: TCF); (OTCQB: TRLEF) is 3-for-3 on its high-upside 20-well drill program…with as many as 10 more wells set to come online in 2023
Here’s why one analyst says this company’s share price could potentially triple
6 Key Reasons Why You Should Consider Trillion Energy (CSE: TCF); (OTCQB: TRLEF) Today
Trillion Energy International Offers an Attractive, Undervalued Opportunity: Trillion Energy is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria. The company is rapidly accelerating oil and natural gas production through its Black Sea, SASB Gas field; one of the Black Sea’s first and largest-scale natural gas development projects. Based on the company’s existing natural gas wells, and its plans for additional wells in 2023, one analyst – Research Capital Corporation – has established a price target of C$1.35 for the company’s stock. That’s more than triple its current share price.
European Natural Gas Market Offers High Upside Potential: Natural gas prices in Turkey soared to an all-time high of US $31/mcf in December before pulling back just a bit to US $27/mcf in January. But ongoing supply concerns in Turkey and throughout Europe – along with the desire for alternatives to Russian supplies – provide a significant tailwind for natural gas suppliers like Trillion Energy.
Successful Drilling Program Now Underway at SASB Gas Field Project: SASB is a conventional gas field located in the Southwestern Black Sea, consisting of numerous conventional natural gas pools located in shallow water. Trillion Energy is three-for-three in the current drilling program and the fourth well is expected to resume drilling shortly. Out of the 20 wells on the site, as many as 11 are anticipated to be drilled during 2023 – potentially resulting in rapidly increased quantities of natural gas production during the year.
Trillion Energy is Revenue-Positive with High Projected Cash Flows: The first five wells of the company’s 20-well development program are fully funded via its equity capital raise and the additional 15 wells will be funded through future cash flow. With the first three wells successfully drilled and tested, the company is already revenue-positive. There are excellent economics on the company’s SASB Gas Field Project, with operating expenses less than $1/MCF plus a royalty of 12.5% — which means attractive margins at today’s natural gas prices. Each new well that is successfully drilled can generate $1 million to $1.5 million in sales per month and those wells can essentially pay for themselves within just six months in the current price environment.
Future Exploration Opportunities Could Trigger Significant Growth: In addition to the company’s ongoing drilling program at the SASB Gas Field Project, Trillion Energy also has a project with significant blue sky potential right next door. The company has 3,100 kilometers of 2D seismic data delineating targets off block for future exploration. These targets are potential game-changers showing huge gas deposits and will be the company’s next priority project.
Trillion Energy is Led by an Innovative, Experienced Leadership Team: The company is led by an experienced team of professionals whose technical expertise is among the best in the industry. By blending cutting-edge technology and innovative practices, Trillion Energy’s team leadership team is committed to driving growth and value for shareholders.
Breaking News: Trillion Energy Announces 70+ Meters of Gas Pay Found in New Well at SASB Gas Field
Trillion Energy International Inc. announced preliminary gas indications from the Guluc 2 well, the third in the company’s multi-well program at the SASB gas field, Black Sea, Turkey. On January 26, Guluc 2 reached 3,910 meters total measured depth (TMD) and true vertical debt (TVD) of 1,623 meters and discovered an abundance of gas pay.
The company’s analysis of the logging while drilling results for the Guluc 2 well suggests 73 meters of potential natural gas pay within 14 separate sands in the Akcakoca Member (SASB production zone). Notably, there are 3 sand gas reservoirs greater than 9 meters thick each.
Trillion Energy’s Focus for Growth is The High-Upside SASB Gas Field Development Project
Trillion Energy (CSE: TCF); (OTCQB: TRLEF) is an international oil and gas producer focusing on the exploration, production, and distribution of oil and natural gas in Turkey and Europe.
The company uses cutting-edge technology and innovative practices while maintaining a commitment to sustainable and responsible operations.
All of this is done to help ramp up European natural gas production at a time when it is most needed – and to help its partners reduce or eliminate their dependence on Russian imports.
Trillion Energy’s signature project is the SASB Gas Field Development Project.
SASB is a conventional gas field located in the Southwestern Black Sea, consisting of numerous conventional natural gas pools located in shallow water.
The fields have produced over 42+ BCF since initial development in 2007. Production platforms, pipelines, initial wells and gas plant cost in excess of US$600m (100% interest). Trillion Energy is redeveloping the field with a planned 21+/- well program commenced in 2022.
Just recently, the company announced that the Guluc 2 well intersected approximately 73 meters of potential natural gas pay, which exceeded expectations.
The company is now 3-for-3 on its 20-well development drilling project in the SASB gas field. (Trillion Energy holds a 49% interest in the SASB natural gas project.)
The Guluc 2 well was drilled directionally from the Akcakoca offshore production platform and reached a total measured depth of 3,910 meters or 1,623 meters, true vertical depth.
Logs indicate approximately 73 meters of potential natural gas pay within fourteen zones sands in the Akcakoca Member. Three of the sands had over 9 meters of gas pay, each.
What the Market Has Missed: Trillion Energy (CSE: TCF); (OTCQB: TRLEF) Now Appears Significantly Undervalued
Based on the success of the drilling program at the SASB Gas Field Project, Trillion Energy is a company that appears to be fundamentally undervalued.
Thanks to its equity capital raise, the first five wells of the company’s 20-well development program are fully funded. And the program’s additional 15 wells will be funded through future cash flow.
This means the program is well-positioned to continue without delay and potentially continue bringing new sources of natural gas online throughout 2023.
Here’s what the math looks like for the company: Trillion Energy has operating expenses less than $1 per MCF plus a 12.5% royalty…and with natural gas prices currently at $22 the company is making a significant net return back on each well as it comes online.
In fact, at a natural gas price of $22 per MCF, each well essentially pays for itself after just four to six months of operation.
And make no mistake: Trillion Energy International (CSE: TCF); (OTCQB: TRLEF) is not the only company to recognize the extraordinary potential for oil and gas production in the Black Sea.
In August 2022, Romanian natural gas producer Romgaz completed its acquisition of ExxonMobil’s 50% stake in the Black Sea offshore project Neptun Deep for $1.06 billion.
Romgaz CEO Aristotel Jude acknowledged the importance of the region when he said, “Neptun Deep Project has an important and strategic significance for Romania for ensuring our country’s energy security, especially in the current geopolitical context.”
In addition to Romgaz and ExxonMobil, U.S. private equity firm Carlyly Group LP and Austria’s OMV have significant investments in the region.
Trillion Energy Providing Support to
Those Impacted by Earthquake
Trillion Energy and its team were shocked and saddened by the devastating 7.8 magnitude earthquake that hit southeast Turkey near the Syrian border on February 6.
However, because the company’s drilling operations are located offshore in the Black Sea off Turkey’s northern coast, Trillion Energy’s operations were not impacted by the quake.
The company is, however, supporting emergency efforts in the region and will continue to do so throughout the recovery from this tragic disaster.
The Trillion Energy Team is working on providing relief kits to those impacted by earthquakes in the South East of Turkey near the Syrian border. Relief kits are expected to contain blankets, water, heat lighting and food.
Trillion Energy Is Led by an Innovative, Experienced Management Team
Trillion Energy is led by an experienced team of professionals whose technical expertise is among the best in the industry.
By blending cutting-edge technology and innovative practices, Trillion Energy’s team leadership team is committed to driving growth and value for shareholders.
Members of the leadership team include…
Dr. Arthur Halleran – President, CEO & Director
Dr. Halleran has served as a director of Trillion Energy since October 4, 2011. He has a Ph.D. in Geology from the University of Calgary and 40 years of petroleum exploration and development experience. His international experience includes countries such as Canada, Colombia, Egypt, India, Guinea, Sierra Leone, Sudan, Suriname, Chile, Brazil, Bulgaria, Turkiye, Pakistan, Peru, Tunisia, Trinidad Tobago, Argentina, Ecuador and Guyana. Dr. Halleran has worked for Petro-Canada, Chevron, Rally Energy, Canacol Energy and United Hydrocarbon International Corp. In 2007, Dr. Halleran founded Canacol Energy Ltd., a company with petroleum and natural gas exploration and development activities in Colombia, Brazil and Guyana which made a billion-dollar natural gas discovery in Colombia.
Kubilay Yildirim – COO & Director
Mr. Yildirim has had, over the past 24 years, hands-on experience in drilling, production, seismic acquisition and logistics for both onshore and offshore projects in Turkiye. He has spent most of career with Trillion Energy and its predecessor companies: Madison, Toreador and Tiway. He has also been involved in sales and divestitures of assets and has taken on a significant number of managerial positions until being promoted to General Manager in 2009. Mr. Yildirim has a degree in Petroleum and Natural Gas Engineering from Middle East Technical University and an MBA from Bilgi University in Istanbul.
Ozge Karalli – CFO & Finance Director
Ozge Karalli joined Toreador in 2004 as Accounting Manager and Financial Controller before becoming the Finance Director of Tiway Oil in 2010. Karalli has a Bachelor of Economics degree from Bilkent University and has been a Chartered Public Accountant in Turkey since 2002.
Dr. Barry Wood – Director
Dr. Wood has over 45 years of experience in the upstream oil and gas industry, having spent the core of his career with Shell Canada and Marathon International Oil Company. With Marathon, he directed asset evaluations across Southeast Asia and the Afro/Arabian regions, and drilling campaigns in Egypt and Syria for over 16 years. In 1998 he founded PetroQuest International SA, which had exploration in Tanzania, Syria and Egypt. His experience has included senior advisory positions with Dana Gas, NPC (Egypt), Sea Dragon (Egypt) and Maurel et Prom (Tanzania), among others.
Sean Stofer – Director
Sean Stofer has over 20 years of renewable energy experience. Mr. Stofer is a graduate of the University of British Columbia in Engineering and is a registered Engineer in California. He is a founder of several successful renewable energy companies including for the arctic’s largest solar array; 250 MW of solar in the USA; 200+MW of wind projects and over 300MW of hydroelectric projects. He is COO of Green Data Center Real Estate, which uses renewable energy to power data centers. Sean is leading a project of over 500 MW using wind, solar and hydropower. Sean has worked closely with Government to guide policy and has consulted to a wide range of companies. Sean was awarded the Top 40 Under 40 in Vancouver, Canada for his business achievements.
6 Key Reasons Why You Should Consider Trillion Energy (CSE: TCF); (OTCQB: TRLEF) Today
Trillion Energy International Offers an Attractive, Undervalued Opportunity: Trillion Energy is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria. The company is rapidly accelerating oil and natural gas production through its Black Sea, SASB Gas field; one of the Black Sea’s first and largest-scale natural gas development projects. Based on the company’s existing natural gas wells, and its plans for additional wells in 2023, one analyst – Research Capital Corporation – has established a price target of C$1.35 for the company’s stock. That’s more than triple its current share price.
European Natural Gas Market Offers High Upside Potential: Natural gas prices in Turkey soared to an all-time high of US $31/mcf in December before pulling back just a bit to US $27/mcf in January. But ongoing supply concerns in Turkey and throughout Europe – along with the desire for alternatives to Russian supplies – provide a significant tailwind for natural gas suppliers like Trillion Energy.
Successful Drilling Program Now Underway at SASB Gas Field Project: SASB is a conventional gas field located in the Southwestern Black Sea, consisting of numerous conventional natural gas pools located in shallow water. Trillion Energy is three-for-three in the current drilling program and the fourth well is expected to resume drilling shortly. Out of the 20 wells on the site, as many as 11 are anticipated to be drilled during 2023 – potentially resulting in rapidly increased quantities of natural gas production during the year.
Trillion Energy is Revenue-Positive with High Projected Cash Flows: The first five wells of the company’s 20-well development program are fully funded via its equity capital raise and the additional 15 wells will be funded through future cash flow. With the first three wells successfully drilled and tested, the company is already revenue-positive. There are excellent economics on the company’s SASB Gas Field Project, with operating expenses less than $1/MCF plus a royalty of 12.5% — which means attractive margins at today’s natural gas prices. Each new well that is successfully drilled can generate $1 million to $1.5 million in sales per month and those wells can essentially pay for themselves within just six months in the current price environment.
Future Exploration Opportunities Could Trigger Significant Growth: In addition to the company’s ongoing drilling program at the SASB Gas Field Project, Trillion Energy also has a project with significant blue sky potential right next door. The company has 3,100 kilometers of 2D seismic data delineating targets off block for future exploration. These targets are potential game-changers showing huge gas deposits and will be the company’s next priority project.
Trillion Energy is Led by an Innovative, Experienced Leadership Team: The company is led by an experienced team of professionals whose technical expertise is among the best in the industry. By blending cutting-edge technology and innovative practices, Trillion Energy’s team leadership team is committed to driving growth and value for shareholders.
[1] https://trillion-aws-bucket.s3.ca-central-1.
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