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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 06, 2024 5:16am
73 Views
Post# 36211174

RE:RE:RE:partner approval

RE:RE:RE:partner approvalHere's my theory, TPAO has not and will not consent to proceed with installation. TCF is in hold position because of financial position and fears of killing the production as velocity strings can not be installed safely while still actively producing in these wells due to its increased pressure. Currently, TPAO is production operator and calls the shots here and I'm sure they know very well of company's financial stress and their inability to secure contractor crew to perform any further work on these platforms. TCF is forced to wait it out and leave matters alone, no choice but continue to see production continue and collect as much cash as possible and only pray that the waterload problems don't reoccur any time soon. That's the high risk play their are in day by day and I don't believe you will here much any time soon. This consent is taking way to long and CEO has never brought this issue up ever before in his releases and suddenly recently we learn of this. This company has not be transparent as many have stated that they were for over 2 years. Under these conditions, company may have a difficult time raising money at its current state with these problems and only see a prolonged time frame with this issue and high probability of waterloads resurfacing at any time. Just my opinion, considering the disclosures make in last 2 latest releases. Time will tell of coarse and things are very fluid each and everyday to come. Much much patience will be required. Good Luck to All.
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