Bullboard - Stock Discussion Forum 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... see more

CSE:TCF - Post Discussion

Trillion Energy International Inc. > Reserves...Key Item..Look at Producing Revenues '23 with '22

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Post by TheLandedEagles on Apr 27, 2024 11:28am

Reserves...Key Item..Look at Producing Revenues '23 with '22

Look at the major decline with the Producing Gas Revenues for Year 2023 at $11.5mm compared to 2022 at $42.3mm, thats a major decline of 72.8%....This should say it all and is very telling of how this perceived valuation is distorted with the reserve numbers, which if not able to be brought to production as we see currently with all these gas wells non-producing to this date,...THEN, these year-end gas reserve valuation become WORTHLESS ...and the markets are showing you that with the share price we have presently. This does not look pretty to shareholders and /or future investors.
So CEO can boost about the reserves in the ground, but the big issues should be "Can they be Produced economically and be sustainable for the life of those reserves...Thats the Big Question!!!