{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Trillion Energy (CSE:TCF) - Gas Production Growth & Exploration Upside","html":"","width":"100%","height":180,"duration":1891,"description":"Interview with Dr. Arthur Halleran, President & CEO of Trillion EnergyOur previous interview: https://www.cruxinvestor.com/posts/trillion-energy-csetcf-unlocking-cash-flows-in-trkiyes-hot-gas-market-4904Recording date: 1st May 2024Trillion Energy presents a compelling opportunity for investors seeking exposure to a growing international natural gas producer. The company's core asset is the SASB gas field offshore Türkiye, where it holds a 49% interest. SASB has 55 billion cubic feet (BCF) of proven gas reserves and is currently producing 3.3 million cubic feet per day (mmcf/d) net to Trillion. And now, the company has a low-cost plan to significantly boost production and cash flow in the near-term.Trillion is executing a well workover program at SASB to replace the tubing in existing wells with a smaller diameter. This will reduce water loading and allow the wells to flow at higher rates. The company is also perforating new pay zones in the wells that had not been previously produced. These initiatives are expected to increase production to 7-8 mmcf/d, which would generate $2-3 million per month in revenue net to Trillion at current gas prices of $10-12/mcf in Türkiye.The beauty of the SASB program is its simplicity and low cost. Trillion estimates the workover and perforation activities will cost just $400,000 net to the company, but will have an outsized impact on production and cash flow. With its 55 BCF of proven developed reserves, SASB offers a long-term production runway.To fund the SASB program and improve its balance sheet, Trillion is selling its non-operated 19% interest in the Cendere oil field in Türkiye. Proceeds will allow Trillion to move forward debt-free, and key creditors have agreed to defer obligations until the gas production enhancements are complete.Beyond SASB, Trillion has several high-impact exploration prospects that could meaningfully boost reserves. The company plans to drill the West Akcakoca-1 well in late 2023 to test a large gas...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}