- Trillion Energy (TCF) has received a price increase for sale of natural gas to approximately US$13.07/mcf effective January 2022
- Natural gas is the most viable long-term solution for European energy over the next 20 + years
- The recent high gas prices illustrate the high value and strategic focus of the SASB natural gas redevelopment to Trillion
- The company is negotiating an MOU for drilling to commence at the SASB natural gas field later this year
- Art Halleran, CEO of Trillion Energy sat down with Caroline Egan to discuss the company’s plans for 2022
- Trillion Energy International Inc. (TCF) opened trading at C$0.185 per share
Trillion Energy (TCF) has received a price increase for sale of natural gas to approximately US$13.07/mcf effective January 2022.
The average natural gas sale price during 2021 was approximately US$8.84/mcf.
Trillion believes a trifecta of circumstances have resulted in the sharp price increase, including increased demand due to a cold winter, alternate energy sources being shut down (such as several nuclear power plants in Germany), delays in increased supply of natural gas from the Nord stream pipeline etc.
The company believes peak demand for natural gas will not occur for some time and that natural gas is the single most viable long-term solution for European energy over the next 20 + years.
Trillion recently assessed its natural gas resources and reserves effective October 2021, when natural gas prices ranged between US$8-10. The company is currently reassessing its year-end reserve and resource values and it expects the recent price increases to favourably impact the resulting economics.
Art Halleran, CEO of Trillion Energy sat down with Caroline Egan to discuss the company’s plans for 2022.
“The recent high gas prices illustrate the high value and strategic focus of the SASB natural gas redevelopment to Trillion. The company is in the process of negotiating an MOU for the rig for drilling to commence sometime later this year. This year we expect to be transformative bringing significant value to shareholders.”
Trillion Energy is an oil and gas producing company with assets in Turkey and Bulgaria. The company is 49 per cent owner of the SASB natural gas field, one of the Black Sea’s first major natural gas development projects. Trillion also holds a 19.6 per cent ownership interest in the Cendere oil field; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property.
Trillion Energy International Inc. (TCF) opened trading at C$0.185 per share.
