Turkey - Turkish .... Trillion Energy International - Turkey - InvestorVillage


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Msg  8556 of 8561  at  10/17/2021 4:47:50 PM  by

The Red


 In response to msg 8555 by  b9man
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Re: Turkish .... Trillion Energy International

Good 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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