Trillion Energy International Inc. C.TCF

Dont Need Luck On This Play Just Patience

[Fishercat1]

I,ll keep it simple . 6 for 6 wells producing . More production = more revs = better Fins = higher sp = bigger interest from the market. And twenty plus wells being drilled ?. Right its simple wait , show patience and be rewarded. No brainer. Cheers.

[Tyeehunter]

The 500 million shares are the issue now. Business looks sound. Pretty heavy dilution. And if he has to raise again, scary, I think that is a common fear people have.  If it was 150 million or 200 million shares out, probably a very different story.

[Fishercat1]

With revs increasing would think a buyback of shares would be in the cards but your right Tyee. Time will tell . Cheers . 

[Maxmoe]

I'm more of a believer in efficient capital markets. Whether there are 500 million outstanding at 40 cents, or 100 million outstanding at $2.00 is irrelevant. The market cap is only $200 million either way. To continue,  If they sell 50 million shares at 40 cents to raise $20 million, or 10 million shares at $2.00 per share to raise $20 million, it's also irrelevant. Either way they

[fredo1]

A buyback is accretive on a production basis versus drilling assuming $12 mil/well and initial production of 4mmcf/d. But until well number 8-9, it would be premature. Also, there is a need to build cash for more expensive wells after the current program is finished. Such wells may need lengthy tie backs and subsea completions.