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Trillion Energy International Inc. C.TCF

Alternate Symbol(s):  TRLEF | C.TCF.WT

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

Post by TheLandedEagleson May 17, 2024 2:59pm
135 Views
Post# 36046101

Maybe Going BANKRUPT!!

Maybe Going BANKRUPT!!Bankruptcy is likely, if they do not rectify the well WATER issues. While reserves are confirmed..no doubt ..but , the question is!!.. Can they economically , produce and monitize this SASB gas block..Predecessors for the record had gone Bankrupt prior to TCF acquisition and good old Art (CEO) bought this block for approx..I believe for $2.5 million (U.S) at the time.  SO HERE WE ARE TODAY, years later, and find we have big problems (Again) bringing the gas reserves up , out of the ground..Anyones guess here,..if they announce unsuccessful results in remedying these issues with the Aritificial Lifts process...THEN, LOOK_OUT...down we go, to the .02 cents slide quickly..and then the big "B" word would definately apply..Jusy my opinion!!!
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