CSE: TCF — Frankfurt: Z62 — OTC: TRLEF

Overview

Productive Fields

South Akcakoca Sub-Basin Gas Field (SASB)

  • Off-shore gas play 49% working interest (WI)
  • 12 month natural gas spot price up 40% to $7.27 USD
  • 18 wells drilled – shallow water (60 to 95 meters deep)
  • Substantial untapped contingent and discovered resources
  • Produces net 710 mcf per day gas
  • 3-Phase Work Program 2019 – 2021
    • 1st phase: $16 million new program NPV10 = $45.8 Million
    • 2nd phase: Tie-in 4 discovered proven gas reserves
    • 3rd phase: Drill 4-5 exploration wells

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Cendere Oil Field

  • Onshore oil play (19.6% WI); long life – estimated 10+ years remaining
  • Produces net 117 bbls oil per day
  • Cash flow positive

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Exploration Licenses

Derecik Oil

  • 42,833 Hectares, extension of Iraq Zagros Fold & Thrust Belt into SE Turkey (100% WI)
  • Proximate to several world class oil fields located in Northern IRAQ
  • 2D seismic completed
  • Several leads and structures identified

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Vranino 1 – 11

  • Over 200 + exploration well drilled, delineating gas resource
  • 38,663 Hectares, Potentially 1 Tcf of gas (CBM) (100% WI)
  • Tight coal bed methane and sands
  • Several exploration wells to be drilled and or re-entries to occur

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Investor Information

CSE: TCF · OTC: TCFF

Corporate Presentation