Post by
TheLandedEagles on Jun 01, 2024 1:21pm
May-24 Company Presentation!!! Please note "disclaimers"
Look to the bottom of presentation for disclosures & disclaimers of importance:
"Estimates of reserves provided in this presentation are estimates only and there is no guarantee that estimated reserves will be recovered. Actual reserves may be greater than or less than estimates provided in this presentation and differences may be material."
Must be considered, with your analysis of Trillion , and its high risk profile currently with the major water issues, and the lack of currently producing revenues and gas...Difficult times for TCF!!!!
CEO needs to prove honest and transparent disclosures to investors on the true future of this off-shore gas Block (SASB)..AS for the on-shore oil exploration block acquired last year...you can essentially consider that "History" and dead at this point. TCF has no money to keep that earn-in monitary position and Im sure they may have already failed to complete the required minimium earn-in costs on the block.
Food for thought!!!.....Certainly doesn't look great for TCF and its CEO....more rhetoric, I'm sure CEO will continue with on these so-called assets......Nothing here that will be BANKABLE in my opinion...