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Stocks in play: Trillion Energy International Inc (Canada)

Baystreet.ca
·1 min read

Announces that its 100% subsidiary, Park Place Energy Turkey Limited has signed a definitive offshore drilling services contract with Romanian based GSP Offshore SRL to secure a jack-up rig for its 2022 - 2023 drilling program on its SASB natural gas field located offshore Turkey. The contract provides a daily rig services rate of USD$95,000/day and minimum 100 days of drilling time, however, Trillion anticipates the total project time as 8-9 months. Trillion has made an advance payment of USD$1.0 Million and mobilization cost of USD $0.8 million. Trillion Energy International Inc (Canada) shares C.TCF are trading down $0.02 at $0.29.

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