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Trillion Energy International Inc. C.TCF.WT


Primary Symbol: C.TCF Alternate Symbol(s):  TRLEF

Trillion Energy International Inc. is a Canada-based oil and gas producing company that strives to maximize shareholder value through a mix of offshore gas development and high-impact oil and gas exploration in Cudi-Gabar province SE Turkey. The Company is 49% owner of the South Akcakoca Sub-Basin (SASB) natural gas field, a natural gas development project with four offshore platforms, pipelines and gas plant located in shallow water black sea. The Company also has the Vranino 1-11 block, a prospective unconventional natural gas property in Bulgaria.


CSE:TCF - Post by User

Comment by TheLandedEagleson Nov 24, 2023 1:43pm
102 Views
Post# 35751908

RE:RE:Financing Will Not Close any time soon!!!

RE:RE:Financing Will Not Close any time soon!!!Its simple for me...I have seen these type of financing deals , especially with Penny Stocks..Image the investors that got in that 2022 initial financing at .16 cents and then at .30 cents...post consolidation share prices..Those investors have LOST MONEY...BIG TIME...This time, stock price is at lts lowest level at .06 cents post consolidation..This is a Penny Penny Stock, and has all the polical risk attached and having 3 gas wells shut-in pending recompletion and no news currently from the CEO in that regards to resolving those problems..this has drastically reduced their monthly revenues and only can surmise that the other 3 producing wells may, and I say may be experiencing same potential water problems. Botas prices have been declining...down to $12mcf from their highs of $30mcf...this not a very good sign. They do require very large 2024 future CAPX $ going forward and this $10mm placement is only a drop in the bucket...CEO has continously lied to all shareholders from the start that this SASB field was SELF-FUNDED..meanwhile, they are currently cash poor and if they cannot raise this Full Placement....that on-shore exploration field MAY be in jeopardy of being cancelled if they dont complete that first $4mm(US) required expediture by December 2023...end of next month..Then consider all the polical risk in Turkey, not currently a great Nato ally, with wars on 2 fronts. Who would want to invest in this penny company, I certainly would not...so as to your question...I can only conclude that this company has big problems and with a future less than desireable, from my prospective and long experience with these type of companies...Seen it far too many times and have lost much money...My opinion based on above...Better opportunities elsewhere, than here...Dead Money for a while...for sure..
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