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Trillion Energy\u2019s CEO Arthur Halleran joined us for a much-anticipated sponsor update. The company is fresh from a C$22.5 million massively oversubscribed offering and how has the cash to start spudding wells. Halleran recently visited Turkey to accelerate the project and expects the first wells to be spudded later this summer.\xa0 A lot has happened in the past 18 months. Turkish natural gas prices have more than tripled to $21 mcf and the expectation is that they will go higher still in the months ahead. There\u2019s no end in sight to the Ukraine war and Russia has drastically curtailed European gas sales. A cold winter could lead to dramatically higher prices and Trillion is poised to profit from it. The plan is to eventually have at least 17 producing wells. While the SASB field was a prodigious producer in the past, new technology and drilling methods should lead to record production for many years ahead. Best of all capex will be low as existing infrastructure replacement according to Halleran is over C$500 million. The company\u2019s Bulgarian project was on the backburner till recently due to the global pandemic. It has worked to Trillion\u2019s advantage. The company now has optionality, it can use SASB cash flow to finance production, or it can bring on a production partner. The profit potential is clear with gas now trading at $22 per mcf and Russian induced shortages are prevalent.\xa0 We\u2019re still extremely bullish about Trillion and continue to hold shares.\xa0 Company Website: www.TrillionEnergy.com\xa0 Ticker Symbols: OTC: TRLEF -- CSE:TCF \u2013 Frankfurt Z62