- Trillion Energy (TCF) saw a 40-per-cent hike in the price of natural gas during a recent sale
- The sale, from the company’s SASB gas field, went for US$17.93/mcf
- CEO Art Halleran spoke with Dave Jackson about what the price increase means for the company moving forward
- Trillion Energy International is an oil and gas production company with assets in Turkey and Bulgaria
- Trillion Energy (TCF) is down by 2.43 per cent trading at $0.40 per share
Trillion Energy (TCF) saw a 40-per-cent hike in the price of natural gas during a recent sale.
The sale, from the company’s SASB gas field, went for US$17.93/mcf.
The price increase was made effective April 1, 2022.
The company attributes the price increase to seasonal demand, cancellation of the Nord Stream 2 Pipeline from Russia to Europe and the ongoing war in Ukraine.
It also sells its products in Turkey, which the OECD predicts to have the highest GDP growth of all OECD countries over the next 10 years.
During Q1 2022, prices hovered around US$13/mcf, while the average natural gas sales price during 2021 was approximately US$8.84/mcf.
CEO Art Halleran spoke with Dave Jackson about what the price increase means for the company moving forward.
Trillion Energy International is an oil and gas production company with assets in Turkey and Bulgaria.
Trillion Energy (TCF) is down by 2.43 per cent trading at $0.40 per share as of 9:50 am EST.