Trillion Energy International Inc. TRLEF

CONCERN Here is .."Will They Lose That Oil Block Exploration

[TheLandedEagles]

Keep in mind...and continue to remind yourselves....they only had as reported Sept 25th news release of $1.7mm cash available then...They are required to spend $4mm(US) for the initial earn-In..by end of this year December 2023...If they cant close in full this $10mm placement...this could.., possibly place them in a position to lose that oil block in its entirety...without that seismic results. Also, you still dont know status of those SASB 3 problem wells, and whether they are brought back into production, and whether the other 3 producing wells are still flowing as expected..Art (CEO) has really done a job in his constant rhetoric on how successful he has been as he had promised...to the shareholders,..now he is no-where to be seen, and it appears he has drove this company to the ground and close to Bankruptcy.
CEO, will not allow the current Bank Account cash to dwindle away, and will ensure funds are always there first and foremost to pay salaries to them all..and will sacrifice that OIL-Farm-In...if funds are not available thru that placement...These are facts and everyone should keep these events in mind as to whether CEO can delivery on this plan....Next, thats another story...they will need another $9mm (US) for that oil exploration block and another $26mm(US) for those addition SASB gas well drilling next year 2024...If one is to consider What is a Reasonable and Acceptable risk in Buying today at these current prices...one has to consider all problematic events, both financially and with its developement assets ...Just My Opinion..CEO should resign..he is an embarrassment to the industry..

[negeb85631]

anything can happen, but do you think insiders would have bought 3m of the 11.5m if they didn't think $0.3 wasn't a steal or production problems weren't solvable?

[TheLandedEagles]

That $3mm in that placement news release announced was a Presidents list of prospective participates..not necessarily they be insiders..may be friends, relatives, etc and could include insiders....may not even happen...its like a reservation of the units..we will only know more once deal closes...if and when...

[Lingcod]

Ever consider trillions monthly revenues from the gas field ? Of course not, but here you are trying to tell the board how bad trillion is doing. You wont provide facts that trillion will lose the gas field. because you have admitted you are a day trader, not an investor, and are only concerned with your  pocketbook, not facts. So go ahead, show us the facts from trillion and their partner

[TheLandedEagles]

Listen Fish....never said they are going to lose the oil exploration ...said if they don't complete their initial $4mm required earn-in commitment...then its a possibity they may lose it..What don't you understand...thats why their doing this $10mm placement....THEY NEED MONEY!!!!..what makes you so sure they are still earning revenues on all those 6 gas wells...Where's your proof that