Trillion Energy International Inc. C.TCF

Positive Net Income .01 Per Share

[Polar4]

 

 
 

 

[Polar4]

Net loss decreased for the three months ended March 31, 2023, by $4,043,349 compared to the three months ended December 31, 2022, from a new loss of $1,771.950 to a net income of $2,271,399. The change is primarily due to an impairment charge of $3,101,343 recognized in Q4 of 2022 on the disposal of the Bulgaria license and to an increase in revenues during the quarter due to production increase

[schmidilein2713]

so nearly the whole net income improvement caused by selling the Bulgarian licence..!!??

[Polar4]

I'll take the positive net income. It doesnt really matter how they get there! Focus on this statement in the report, " and to an increase in revenues during the quarter due to production increases at the SASB gas field". Two or three more wells will be on line by the next quarterly financials so all good! GLTA

[CLOUDER]

YES  and it is doing wonders for TCF to  i want ta tell yah.

[inviolablspirit]

The first quarter financial statement is already months behind as this company keeps adding wells and revenue every 30-45 days. As an investor you need to keep looking forward, as the potential for this stock to explode continues to increase with each added well.  

[schmidilein2713]

I look always in the future and I see: - another CR/debth & further dilution - increasing costs - wrong calculation from Art for the whole programm - falling gasprices Also in the future: In 12 months: - maybe 600-700 Mio shares?( now 560Mio) - free cashflow when?  - BOTAS & European gasprice have been in similar range over last decade- european price  is now around €8.- and

[Maxmoe]

Really? 2021 called. They need your forward looking expertise at TRU and CMC. Both down 99% ? I'll stick with foreward view from art