Post by
mcnils on Sep 11, 2024 4:23pm
Heavily indebted with around 30 million
TCF is heavily indebted with around 30 million CAD and dreams of oil exploration, which requires a lot of capital that TCF does not have. The people here are just passing on experiences that relate to an investment in TCF that ended in a major disaster. The promises and excuses the CEO made back then in pay videos are very similar to what is happening now. This is not bashing, these are realities that everyone should know before they hand over their money to TCF. Once again, DYOR before you invest in TCF and don't trust all the buzzwords from the official pushers trying to scam your trust. The CEO should disclose how he intends to fulfil his oil commitments by the end of 2024.
Comment by
Guytorule on Sep 11, 2024 4:35pm
Also, look back at last interview, CEO stated that SASB gas block was priority and that oil prospect was not, or even being considered at this time or any time in the near future NO FUNDS AVAILABLE!!! These are his words...and statements. So for those that believe and trust CEO, then why not listen to his own words and trust in the truth of matter. CEO is talking to yous, your not listening..
Comment by
gamaray on Sep 11, 2024 4:57pm
CEO said they have shot 150 kms of seimic where the obligation is 350. they need 200 kms more before they talk about drilling. Dont forget the farmin obligations. It is not something free given to TCF. They did not pay the contractor for 150 kms seismic yet. Does not look good.
Comment by
Guytorule on Sep 11, 2024 5:35pm
Based on that, TCF may not have fulfilled last year's initial earn-in obligations of spending $4mm ..they may already be non-compliant and may have already forfeited that agreement rights...who knows CEO has not provided any update on that matter. Doesn't surprise us, if correct, didn't what to upset investors and markets with more bad news.