Trillion Energy (TCF) - Growing Gas Cash Flow One Well at a Time in Turkey

Trillion Energy is an oil and gas producing company with assets in Turkey, including offshore wells already in production. In a recent interview with Crux Investor, the company's President & CEO, Arthur Halleran, shared important insights into their operations, exploration, and plans for growth.

Capital raise and the drill program

One of the key takeaways from the interview is that Trillion Energy has raised CAD$41 million and is currently drilling gas wells in Turkey . The company has now drilled three Long Reach Directional Wells and one recompleted well, all of which are already in production. So that is 4 completed wells in production and the company is half way through the 5th gas well. Each Long Reach Directional Well costs between $11 to $13 million.

Overview of the producing gas wells in Turkey

To accelerate well production and increase cash flow, Trillion Energy plans to drill six more Side Tracks, which are cheaper and faster to drill than Long Reach Directional Wells . The company already has four operational wells, one half way through and plans to drill two more, with the goal of having seven wells in total. Trillion Energy is targeting a 63 BCF resource and is confident in identifying gas with Avo targeting vector and stratigraphic traps.

In addition to its existing wells, Trillion Energy has identified new stratigraphic targets with high gas probability, with an estimated 100+ BCF for these targets alone. The company's existing infrastructure gives it a competitive advantage for drilling larger structures, and Trillion Energy is already mapping out prospects for incremental addition of new wells and side tracks.

Trillion Energy is also keen on driving its company value as a multiple of cash flow, comparing itself to peers trading at 10 times earnings. The company is generating cash flow to fund bigger projects and paying close attention to cost management. Gas prices historically average 8 to 9 dollars per mcf in Turkey, and the company is taking advantage of the expected rise in gas prices during the winter season due to low supply and high demand.

Why investors should consider investing in Trillion Energy

For retail investors interested in mineral resource companies, Trillion Energy represents a promising investment opportunity. The company is focused on expanding its production capabilities and exploring new targets, with the ultimate goal of driving cash flow and company value. While the company's progress should be seen over the course of the year, Trillion Energy's existing infrastructure and competitive advantage in the region make it a company to watch.

To find out more, go to the Trillion Energy website