- Trillion Energy (TCF) has issued updates on natural gas prices, future drilling and its new domicile
- The company expects strong European natural gas prices in the near term
- It intends to add one or more drill rigs to its SASB natural gas field by this summer
- CEO Art Halleran spoke with Dave Jackson about the updates
- Trillion Energy International is an oil and gas production company with assets in Turkey and Bulgaria
- Trillion Energy (TCF) is down by 2.86 per cent trading at $0.17 per share
Trillion Energy (TCF) has issued updates on natural gas prices, future drilling and its new domicile.
Natural gas prices
The company sees upward pressure on European natural gas prices due to curtailment of Iraqi natural gas entering Turkey, increasing consumption throughout Europe and complications due to an impending conflict in Ukraine.
New rigs
It is negotiating a letter of intent with a nearby drilling services provider to supply one or more rigs to service its SASB natural gas field by July 2022.
CUSIP change and redomicile
After relocating to British Columbia, the company’s CUSIP number has changed to 89624B104.
Amendment of financial consulting agreement
Last week, the company entered an agreement to receive advice on institutional debt funding. It believes it has made significant progress toward a positive outcome.
CEO Art Halleran spoke with Dave Jackson about the updates.
Trillion Energy International is an oil and gas production company with assets in Turkey and Bulgaria.
Trillion Energy (TCF) is down by 2.86 per cent trading at $0.17 per share as of 10:07 am EST.