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Trillion Energy International Inc. C.TCF

Alternate Symbol(s):  TRLEF | C.TCF.W

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 shmenkarion Apr 01, 2023 3:13am
200 Views
Post# 35373351

Trillion

Trillion Trillion is a growth play, they will look at best use of free cash flow and that will not include a dividend for several years in my opinion. Companies that pay dividends are more mature than Trillion most of the time and there are many out there with great value at this time that Trillion could not compete with on a dividend basis. So not likely to be best use of cash. All this talk about what to do with nonexistant profits is a little premature as well. Our revenue in April will likely be 4-5 million dollars, company costs per month while drilling is about 4-5 million dollars. So unless we want to burn through all our cash, that we should be holding for better uses. Of course we have much of those costs covered from previous stock dilution but Trillion may not want to spend cash as they want to buy additional blocks in the area and maybe get another rig going. Anyway no matter how you look at it, a dividend is unlikely in my opinion. Good luck all!
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