Bullboard - Investor Discussion Forum Trillion Energy International Inc. C.TCF

Alternate Symbol(s): C.TCF.WT | TRLEF

Energy Oil & Gas Drilling

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... see more

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Trillion Energy International Inc. > Wonder if they are going to get financing at this price?

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Post by camcaper1 on Jan 06, 2021 1:07pm

Wonder if they are going to get financing at this price?

The $27 million they require for drilling/workovers? That would be a disaster to dilution.

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Comment by Bvukmanic on Jan 08, 2021 2:01pm

Definitely a tall order to obtain debt financing at this valuation. Why was SASB mothballed? Why did the previous operator go bankrupt? TPAO has 51% ownership, why didn't they acquire full ownership of SASB?

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Comment by Bvukmanic on Jan 18, 2021 1:47pm

According to a weird interview in June with Proactive, CEO's guidance was that they would raise capex through debt or debentures (which is still debt, and probably convertible into equity), and start drilling by end of year. Supposedly now they're waiting because of weather, but where's the money?

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Trillion Energy International Inc.