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Trillion Energy International Inc. C.TCF

Alternate Symbol(s):  C.TCF.WT | 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 IgnacioCashmereon Nov 09, 2023 10:49pm
142 Views
Post# 35727584

RE:Financing Just Announced!!!!!Like predicted

RE:Financing Just Announced!!!!!Like predictedThey are spending $16 million to do seismic on Cudi Gabar. They don't have 16. They don't know if there is any oil at all at Cudi Gabar, no one has run it. They are betting the whole farm that what they find justifies the expense. I am looking at the Financials that they plan on having $36 million in free cash flow & spending $35 of it, most of it on Cudi Gabar. This is about as dumb as it gets. A team of 8th graders could do better. They scored with SASB. Then, they took the money, all of it, plus a little more, & spend it on a maybe we will find something of value in southeast Turkey. I made a mistake, this us utter stupidity. All of the money from SASB will be spent, they will still have debt, & there will be no cash reserve. Mindless! 
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