Natural Gas Producer Financing Free-Trades up 69%

August 9, 2022 02:42 PM PST

Trillion Energy International Inc. (CSE: TCF)

  • Gross proceeds: $17.9 million
  • Number of units: 29.65 million
  • Unit type: Special units
  • Price per unit: $0.165
  • Closing date: 03/30/2022
  • Today's closing price (June 7): $0.28
  • Deal appreciation: 69.7%
  • Warrants: Half
  • Strike Price: $0.45
  • Expiry date: 03/30/2024

Company breakdown:

  • Natural gas producer developing the SASB gas field off the shores of Turkey
  • SASB has an estimated total net-present value of $285.2 million USD
  • The company recently mobilised a new drill rig to SASB for a planned seven-well drilling program—shares rose in the days before this news
  • Shares have more or less steadily climbed since the end of January, amid a decent natural gas outlook

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