Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by Guytoruleon Sep 11, 2024 8:17am
132 Views
Post# 36218147

Facts Are ...Oil Exploration Block (None-Issue)

Facts Are ...Oil Exploration Block (None-Issue)Their earn in agreement calls for $12 million (U.S.) dollars, thats roughly $16.5 million Canadian to be spent and to complete 4 exploration wells by end of this 2024 year end, thats 3 months away. How likely is that to happen. There's no confirmation by press release that they in fact completely their initial phase by spending $4 million last year in 2023 to fully complete those seismic obligations.  They cannot afford to carry out those earn-obligations, they have no funds available, nor can they raise money in the markets. Just go back and look and see how long they took last June to fully complete that measly $2.7 million placement. IT TOOK OVER 2 MONTHS WITH 5 TRANCHES and were barely getting any interest from reputable institutions,  only small insignificant retail investors. TCF has massive debt and losses, negative working Capital, no cash to speak in bank and vendors seeing them for money, in the millions. So let's be honey here, this is not a great position for this company financially to be in, after all thats happened here with these drastic production problems that still has not be completely resolved. So to keep bringing up this great oil prospect is misleading and any wise investors knows the truth here, once they do their due diligence. That's the true, and trying to exploit that oil block is dishonest at this time. Everyone involved in this company needs to Pray that things don't get worse with the gas field let only be talking oil exploration. That's the facts surrounding oil block, no longer has any merits and should be dismissed, especially at this time. 
<< Previous
Bullboard Posts
Next >>