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Turkey
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Re: Turkish .... Trillion Energy InternationalGood find b9man. First time I look at it. I see the geological and market potential but with less than $1M in cash and cash flow negative from current producing operations (~144 boe/d), I don't see any material progress until a major equity raise or a serious farm-in*. In the Q2 2021 10-Q report, the company announced plans to drill new wells in November 2021. In August it announced intentions to raise $10 to $20 million to finance the next stage of SASB development Interesting mix of folks on the management team and board of directors: Canadian, British and Turkish. The President and CEO Arthur Halleran has a PhD in geology from Calgary and "founded Canacol Energy". * Might be an idea to request to get on the private placement email list. |
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