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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 Guytoruleon Sep 01, 2024 2:26pm
84 Views
Post# 36204762

RE:RE:any update?

RE:RE:any update?Don't expect anything soon. CEO did indicate that it would take 10 days plus to complete velocity strings install once TPAO (Partner) consents. They May NOT consent , why are they taking this long is the key and reality is they have no confident in its success and/or any confident in TCF management.. It appears TPAO is calling the shots here..not TCF. They were project operators , now something must of happen, that TPAO is currently operator and have 51% ownership...Things from my perspective DON'T look that promising, when you factor in the events surrounding the water-load and the production and revenue declines over the last year. then you have severe financial deterioration with large debt and huge deficit working capital. Not sure capital markets will consider and invest further with this company unfortunately, at any price, certainly not at .14 cents. TCF is in a predicament, and don't let recent volume buying affect your judgement...in my opinion its a selling opportunity when you have these up days. Don't be fooled. Good Luck!! 
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