Trillion Energy International Inc. TRLEF

Cruz Interview!!..Month ago. Must See Again

[TheLandedEagles]

Here CEO reveals total current payables / debt owned..he says $14-$15 million total payables owed by TCF. Schlumberjay no longer drill provider, and is owned a balance of $6 million (U.S) and has given TCF a little time for repayment until they regain gas revenues. They have a new service provided which is cheaper and TCF as gotten TPAO to give them operativeship, as per CEO. Lots of DEBT, that $6mm to Schlumberjay may be a problem soon. CEO reveals alot here...must see this video below and form your own opinion:  

[gamaray]

interim financials shows total liabilities is over 30 million, not 15. Scary! They have to start workovers asap. i wonder if started perfs mid-june as promised? no updates yet.

[TheLandedEagles]

You are correct...to get to that total $30mm liability,  you need to add in that debt financing, I believe was $10mm or so and add that $6mm Schlumberjay debt to that $15mm CEO staed in the video...and yes, that's a hell of a debt. Today, still no work on closing that $2,8mm placement which was scheduled to close June 12th...and no word yet. Also, he did confirm a few million owned and in

[gamaray]

Art underestimates the debt. Slb will not give services until fully paid. They cant drill the oil well until seismic is paid. They have disputes with offshore rig contractor so what happens when they need the rig back. Somewhere he said they will sell the inventory. Does it mean that they have already cancelled new wells? Lots of questions, no clear answer!

[TheLandedEagles]

Exactly, we'll said. Now you know why I'm not to keen with this company..especially its CEO...truth comes out eventually...so sad!!! Question now is,  where too for the share price...

[gamaray]

I lost a lot. I hope to recover some of the losses after the perforations but no information if they fired the guns yet. i would be disaster to see 0,12 after the perfs. No news on X either.

[TheLandedEagles]

CEO under estimates everything and very much Promo's the gas reserves and its valuation. Only problem, no doubt that reserves are there in the ground..no dispute!!..BUT, if you cannot monitize them (Unbankable} and bring them to surface..THATS A PROBLEM..So markets have shown that in the current share price..In video, often spinning things and has stated that he wants to conserve cash and

[mcnils]

Furthermore, the CEO has announced that 3 wells on the Elephant on-shore exploration oil block are to be drilled in 2024 or must be drilled by contract. How is he going to manage and finance this when SASB may not generate revenues until the end of 2024 and he is currently not paying invoices from his seismic partner in Turkey? This looks like an extreme economy of scarcity in which small

[TheLandedEagles]

So true..and he talks about bringing in partner with his 50% earn-in deal on the oil exploration and finding a partner for his SASB gas 49% interest, and / or selling a possible royalty deal on the future revenue stream which hasn't come in yet and before resolving the water load problems...CEO is all over the place!! Trying very hard to convince investors he's got it all handled and taken