Trillion Energy International Inc (TRLEF)

[BestFishes]

New interview with Trillion CEO Art Halleran on the Financial Survival Podcast. TRLEF is a sponsor of the podcast, and the host, Kerry Lutz is a shareholder.

https://podcasts.apple.com/us/podcast/trillion-turns-mothballed-gas-field-into-cash-cow/id485166512?i=1000609078027

Discover Art's latest interview with @KerryLutz, where he unveils the drilling and production of wells, expansion potential for Trillion Energy, plans to drill up to 50-60 wells, the potential for increased reserves, and much more$TCF 🇨🇦 $TRLEF 🇺🇸 $Z62🇩🇪https://t.co/V4SFCukuRn

— Trillion Energy (@TrillionEnergy) April 16, 2023

[fink]

Yes. Initial upper bore of 13” is prepped.

Sometime in May we will be punching #6 then. Sticking to plans.

A little more time to buy any dip

[BestFishes]

They’re only at 496 meters, going 3,400...

WEEKLY DRILLING REPORT APRIL 13, 2023
WELL: Bayhanli-2

Progress: 496 meters
Measured Depth: 496 metres
Week Summary:

Spud Bayhanli 2 well
Drill, case and cement 13 3/8” casing
Further Activities:
Drill, case and cement 9 5/8” casing
Drill, case and cement 7” casing
Perforate and test and turn over to production department

The measured total depth is about 3400 metres, with a true vertical depth of about 1200 metres. This well will take about 45 days total to drill, case, perforate and test.

[fink]

That was fast.

I thought they had to drill some 3,000’ maybe it was to drill the existing hole wider?

Anyways, looks like #6 is in the cross hairs.

[9HikeDiscGolf]

Bayhanli-2 well has commenced with 13 3/8" casing drilled, cased, and cemented. Upcoming activities include drilling, casing, and cementing 9 5/8" and 7" casings, followed by perforation, testing, and turnover to production.

$TCF 🇨🇦 $TRLEF 🇺🇸 $Z62 🇩🇪https://t.co/revHzfJZ8O

— Trillion Energy (@TrillionEnergy) April 14, 2023

[9HikeDiscGolf]

That would be nice!
I remember back old days when I had TOS (ThinkOrSwim Trading Platform) before Ameritrade bough it. TOS was a bomb!

After that. We will never see it again and I am surprise Ihub levell 2 still do.

IMO

[fink]

I wish Art would throw a few $million in this over a week period and squeeze these A-holes. Then drop killer news.
At a minimum, they turn their Algo platform off for a month. They never go away.


If I traded like that, I’d have my account shut down. TDA did that to me after they bought my account from Scottrade. I was a beast buying up the float in a few shells. TDA was like WTF? Running up an Ask, then taking all the cash out of the Bid, to run it up again.
Scottrade was the GOAT. They had balls.

[9HikeDiscGolf]

Exactly. Best not to fight it. Let them get bored and give up. Timing will tell.

IMO

[fink]

Definitely. The algo sold vapor shares at the open and now covering on the BID. Making bank on the spread. Shorting every Ask slap kills upward momentum. Creates dumping.
They don’t need real shares to sell on the Ask. It’s criminal. I wish I could sell homes like that.

The sad thing, these MMs have unlimited amount of money. No way can a group of deep pocket retail fight that.
Still the best game in town.

Art won’t slow down either or take a break. We will get #5 then 6 then 7 and before we know it, we will be over .50
Well #8, 9 or 10, the damn will break. $1.50+

[9HikeDiscGolf]

Fidelity will never show me the levell 2 in the otc. I look in otcmarkets.com.

This trading going on seem like on bot. It keep changing the price but same size of shares on ask.

IMO

[fink]

Hey man! How does your ihub L2 look?
E*Trade SUuuuucks!
OTCN and VIRT are all over the place. No way a human being can modify orders that fast. Their Algorithm must be geeked up on cocaine.
Looks like Etrade is the sold sell on the Ask @ .295

OTCN snd VIRT are selling vapor shares. Where is the SEC?

ETrades volume is way off too. Showing 2m+ so far.
No way.

[9HikeDiscGolf]

Thanks buddy!

Cheers.

IMO

[fink]

Nice to see someone still has those.
Happy Birthday! I’m heading to the beach. I’ll have a few fried chicken livers and tall boy Millers in your honor my friend.


The grind starts.
Buy the dip.

[9HikeDiscGolf]

My birthday as well. LOL

[BestFishes]

Good news, continued progress. If all goes smoothly, Bayhanli should be set to begin producing around the last week or two weeks of May. What a nice birthday gift from Art, thanks Art!

[9HikeDiscGolf]

Bayhanli-2 is the 5th gas well in our multi-well drilling program, targeting a significant gas pool for production. The well will reach a total measured depth of 3,400m and true vertical depth of about 1,200m upon completion. $TCF 🇨🇦 $TRLEF 🇺🇸 $Z62 🇩🇪 https://t.co/1ScGtoBXlp

— Trillion Energy (@TrillionEnergy) April 11, 2023

[RandyKCMO]

Good stuff M. Fink.

[fink]

Worth the read on a long weekend.
https://tomluongo.me/2023/04/06/davos-runs-into-the-opec-buzzsaw/

[fink]

I know they have an election coming up this year. I’m praying for status quo.

Another night of riots in Paris.
Bon Bon fires snd cheese Outside Blackrock head quarters. LOL

The Summer travel season is fast approaching. Just in time for oil supplies to get crushed and felt.
Next 90 days will say a lot.

[BestFishes]

What a shame. As long as turkey stays out of war and we don’t get more earthquakes, all of the European (and really worldwide) energy volatility is bullish for TRLEF.

[fink]

You see the French dock workers on strike?
LNG tankers sitting out at sea. I’m surprised they down turn those Shipments to Japan or South Korea. Screw Europe. Pipeline gas is all they are getting. LOL

Man, Europe is a mess.

[BestFishes]

WEEKLY DRILLING REPORT APRIL 6, 2023
WELL: Bayhanli-2

Progress: 0 meters
Measured Depth:
Week Summary:

RIG down and start mobilization to East Ayazli Tripod
Performed positioning to East Ayazli Tripod
Jack up and skid cantilever
Install diverter stack
Further Activities:
Spud Bayhanli-2 well
Drill, case and cement 13 3/8” casing
Drill, case and cement 9 5/8” casing
Drill, case and cement 7” liner string
Run completion string
Perforate and test, and turn over to production department

The measured depth is about 3400 metres, with a true vertical depth of about 1230 metres. This well will take about 45 days total to drill, case, completion, perforate and test.

[JDCruz]

Trillion Energy in the news:
https://newsytrends.com/2023/04/05/trillion-energy-international-inc-cse-tcf-otcqb-trlef-frankfurt-z62-black-sea-natural-gas-producer-ramps-up-production-reports-growing-natural-gas-oil-reserves/

[9HikeDiscGolf]

LOL.. Good point.

[fink]

We got tons of time along the .30 line.
I’m thinking come August might be the last chance to hold these. .45-.50 once we have well #8 under our anus.

[9HikeDiscGolf]

Should have grab tons but didn't listen to my insist.

IMO

[fink]

Kiss that .25 pipe dream good bye.

[9HikeDiscGolf]

LFG! Time to put the shorty to sleep!

IMO

[BestFishes]

Trillion Energy Announces Significant Increase to SASB Gas Field Reserves and $15 Million Bought Deal Offering Of Secured Convertible Debenture Units
2P reserves increase from 48.6 Bcf to 63.3 Bcf* while NPV10% * increased to US $548 Million

https://trillionenergy.com/news/trillion-energy-announces-significant-increase-to-sasb-gas-field-reserves-and-15-million-bought-deal-offering-of-secured-convertible-debenture-units

April 5, 2023 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce the results of its January 31, 2023 reserve report update for the SASB gas field, representing a significant increase due to additional discoveries being made after year-end.


Reserve Report Highlights

Proved and probable conventional natural gas reserves (P2) increased to 63.3 BCF* up from 48.6 BCF (YE 2022), an increase of 30%
Net present value of proved and probable (P2) natural gas reserves (NPV10%) increased to USD $548 million* net to Trillion, up from USD $426 million* (YE 2022), a 29% increase. The US $548 million NPV 10 value represents USD $1.43 per share**
Net present value of Proved Reserves (P1 - NPV10) increased to US $153.7* million from US$ 119.5* million (YE 2022) a 29% increase;
Net present value of proved, probable and possible reserves (P3) NPV10 * increased to USD $925 million net to Trillion, up from USD $725 million (YE 2022), an increase of 28%; representing USD $2.41/ share NPV10**

*Trillion’s 49% interest before income tax and royalty **basic common shares

Arthur Halleran, CEO of Trillion, stated:

“We are very pleased that our initial 2023 exploration and development program efforts have already begun to pay off with a substantial increases in reserves already this year. We expect that our continued drilling program will continue to grow our reserves throughout the year, further enhancing value to shareholders.”


Reserve Report Summary

SASB Gross Reserves*

Conventional
Natural Gas
(Bcf) (Bcf)
Jan. 31 Dec. 31 %
2023 2022 Change
Proved
Producing 2.7 2.7 -3.1%
Developed Non-Producing 2.0 0.0 -
Undeveloped 9.6 8.8 8.9%
Total Proved 14.2 11.6 22.9%
Total Probable 49.1 37.1 32.5%
Total Proved Plus Probable 63.3 48.6 30.2%
Total Possible 47.0 35.7 31.7%
Total PPP 110.3 84.3 30.8%
* Trillion 49% interest, before income taxes and royalties


SASB Net Present Value*

NPV - 10%
Before Income Tax
(US$M) (US$M)
Jan. 31 Dec. 31 %
2023 2022 Change
Proved
Producing $37.3 $39.2 -4.8%
Developed Non-Producing $28.5 $0.0 -
Undeveloped $87.9 $80.3 9.5%
Total Proved $153.7 $119.5 28.6%
Total Probable $394.6 $306.8 28.6%
Total Proved Plus Probable $548.3 $426.3 28.6%
Total Possible $376.9 $298.3 26.4%
Total PPP $925.1 $724.6 27.7%
* Trillion 49% interest before income taxes and royalties


Bought Deal Convertible Debenture Private Placement

Trillion is also pleased to announce that it has entered into an agreement with Eight Capital, pursuant to which Eight Capital has agreed to purchase for resale, together with a syndicate of underwriters (together with Eight Capital, the “Underwriters”), on a bought deal private placement basis, 15,000 units of the Company ("Units") at a price of $1,000 per Unit, for gross proceeds of $15,000,000 (the "Placement"). Each Unit will consist of $1,000 principal amount secured convertible debenture (a "Debenture") and 1,667 common share purchase warrants of the Company (a "Warrant"), each having the terms described below.

The Debentures will mature on April 30, 2025 (the "Maturity Date") and will accrue interest at the rate of 12.0% per annum, payable semi-annually in arrears beginning on October 31, 2023 (the "interest"). At the holders' option, the Debentures may be converted into common shares of the Company ("Conversion Shares") at any time and from time to time, up to the earlier of the Maturity Date and the date fixed for redemption of the Debentures, at a conversion price of $0.60 per common share (the “Conversion Price”), subject to adjustment in certain circumstances, which represents a premium of approximately 58% to yesterday’s closing price of $0.38 on the CSE.

The Company will be entitled to redeem the Debentures at 105% of par plus accrued and unpaid interest at any time following April 30, 2024.

The Debentures will include a negative pledge on the part of the Company, such that the Company will not be able to incur new debt in excess of the Priority Charge Limit (defined herein) prior to repayment or conversion of the Convertible Debentures. For the purposes of the pledge, the "Priority Charge Limit" shall be calculated as follows: 40% * After tax value of the Company’s PDP Reserves discounted at 10%, as evaluated by a 3rd party reserves engineer using strip pricing at the time of the issuance of the priority ranking debt.

Each Warrant will be exercisable for one common share of the Company (each a "Warrant Share") at an exercise price of $0.50 per Warrant Share, subject to adjustment in certain events, and shall have an expiry date of June 29, 2025.
The net proceeds of the Offering will be used to fund working capital and capital expenditures related to the development of the Company’s assets in Turkey and for general corporate purposes.
The Debentures, any common shares of the Company issuable thereunder, the Warrants and any Warrant Shares sold in the Placement will be subject to a four month hold period in Canada commencing on the date of closing.

The Placement is expected to close on or about April 20, 2023 and is subject to customary closing conditions, including listing of the Conversion Shares and the Warrant Shares on the CSE and receipt of any required approvals of the CSE and applicable securities regulatory authorities.
Arthur Halleran, CEO of Trillion, stated:

“We are pleased to have achieved this milestone of being funded for our continuous drilling program on our highly prospective SASB block in Turkey. Securing this financing from a small group of strategic long term shareholders is a strong vote of confidence in Trillion’s ability to grow production and cash flow for the benefit of all shareholders. In addition, the negotiation of a 58% conversion premium to Trillion’s current share price not only reduces dilution from this financing but is also an indication of the value our strategic long term shareholders see in Trillion’s shares which is further supported by today’s updated reserve report.”

About the Reserves Evaluation

For the year period ended January 31, 2023, the Company's reserves were evaluated by GLJ, Ltd. ("GLJ"), in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook maintained by the Society of Petroleum Evaluation Engineers (Calgary Chapter) ("COGEH") and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and are based on the Company's reserves as evaluated by GLJ in their report with an effective date of January 31, 2023 (the "Reserve Report"). GLJ is an independent qualified reserves evaluator as defined in NI 51-101. Additional reserves information as required under NI 51-101 is included in the Company's statement of reserves data and other oil and gas information on Form 51-101F1 filed on SEDAR March 24, 2023. See "Advisory Note Regarding Oil and Gas Information" section in the "Advisories", at the end of this news release.

https://trillionenergy.com/news/trillion-energy-announces-significant-increase-to-sasb-gas-field-reserves-and-15-million-bought-deal-offering-of-secured-convertible-debenture-units

[fink]

Time to get cash on the BID

[fink]

OTCN is brutal. He’s showning a 50k and 75k order on the Ask.
he’s selling vapor shares to all the Ask slaps.
It takes the buying wind out of our sails. Makes people give up and exit after a few days. They cover and start all over.
He’s got 48 hours to cover his short shares. I’d love to see 3 days of 1m Ask slapping each. Bury a parasite like that.

Trillion has that much in petty cash. You punch a MM like that in the nuts enough, they cruise. But he’s here because they know TRLEF has something. If they get stuck and have to go long, it’s money in the bank

[BestFishes]

WEEKLY DRILLING REPORT MARCH 30, 2023
WELL: Bayhanli 1

Rig is currently mobilizing to Ayazli Tripod
Progress: 0 metres
Measured Depth: 0
Week Summary:

Perforate and test West Akcakoca-1, turn over to Production Department
Skid rig back to Guluc-2, perforate, test and turn over to Production Department
RIG down and start mobilization to East Ayazli Tripod
Further Activities:
Set RIG up at East Ayazli Tripod and start to drill Bayhanli 2

We have now successfully completed drilling three of the extended reach directional wells, including the most challenging and longest one, all subsequent wells will be less technically demanding. This achievement should demonstrate to our investors that these wells have become another normal/routine part of Trillion Energy's operations.

[fink]

Well #5-8 is where the true investors come in. We are early to the party. That .24 dip was a gift of showing up early. Wish I got more. Only 7k down there.
I want 50k of this going into #5-8

Getting there slowly. The wait does suck, but Art keeps us well informed. In 2 weeks they will be deep into finger F’king well #5. That area has been drilled in past years. A little deeper, but I’m expecting no big surprises. They took a lot of oil from there, ignored the gas. Trillion will make easy work of those old wells.
#5 excites me.

Turkey is heading into elections. I hope this dude keeps his job. He’s a cool headed thinker. Regardless who gets in, Turkey wants to be the energy supplier to Europe.
The Nord stream bone head move kills supply for everyone on Earth. Turkey is a friend of Putin and a NATO country. Best of both worlds in todays dramas.

Watch Biden bomb Qatar for his act2.

Even if Trump gets into office and opens up all oil&gas production to crater prices and bend putins knees, that will take years to ramp up. We’re still good till 2025. Pure gravy train.
All nations want those 20year contracts at cheap rates. Today is spot price only. Too much uncertainty to saddle in on those old long term deals that gave LNG its $5 to $200 price run.

Nat gas will have a solid decade to bank.
The second rig is insurance.

[fink]

It’s why we are stuck @.30
End of Summer is where I’m looking to really add in here. Till then, hurry up and wait. That sucks the most.

It’s why I play a lot of shells. Used to always have some excitement every few weeks. Now that is dead.

[Gator44]

Felt like a long wait for production of 2 wells. Now we wait 45-48 days till next producing well. 4 wells producing means double revenues so more or less 4.5 million net next month.


Trillion’s 49% share of December 2022 gas production (net of utility gas volumes) was 87.4 MMcf, generating USD $2,647,053 before royalties (US $2,342,633 after royalties) net to the Company. Daily gas production volumes from the wells increased slightly during December due to production rates being fine-tuned.

[9HikeDiscGolf]

TRILLION ENERGY’S GULUC-2 WELL TESTS 16.35 MMCF/DAY
Press Release | 03/29/2023

Vancouver, B.C., March 29, 2023 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce flow test results for the Guluc-2 natural gas well at the SASB gas field, offshore Turkiye.

On March 28, 5.5 metres of the lower natural gas sands in the Guluc-2 well were perforated and tested. Flow rates peaked at a rate of 16.35 MMcf/day. Shut-in pressure was measured at 2,000 psi. The well will now enter long-term production with an initial production rate of about 6 MMcf/d.

As previously press released, the Guluc-2 well discovered 73 metres of gas pay across 14 separate intervals. Current flow test results and production is from only 6 meters of gas pay; 67 meters remains to be perforated in the future ensuring a long-term production horizon for the well.

The Guluc-2 well targeted a structure with no previously attributed reserves and represents a significant discovery, as it has the thickest stacked pay (over 70 meters) and highest flow test rates measured to date in our drilling program.

The Uranus Rig is now rigging down and is mobilizing to the East Ayazli Tripod to commence the drilling of Bayhanli-2 well. The Bayhanli well has 2P reserves of 4.2 Bcf (Trillion’s 49% interest).

Arthur Halleran CEO of Trillion stated:

“The Guluc-2 well marks a significant success and will be an excellent producer for years to come. It is the fourth successful gas well in our program, which has now been significantly de-risked from both a geological and engineering standpoint. Guluc-2 is the longest reach well to date -over 3 kilometers horizontal distance. The Rig is now mobilizing to drill the Bayhanli gas pool, a proven reserve never previously produced.”

About the Company

Trillion Energy is focused on natural gas production for Europe and Türkiye with natural gas assets in Türkiye and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects; a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. More information may be found on www.sedar.com, and our website.

https://www.otcmarkets.com/stock/TRLEF/news/TRILLION-ENERGYS-GULUC-2-WELL-TESTS-1635-MMCFDAY?id=394839

[9HikeDiscGolf]

Its get hitting pretty good. Nice slap!

IMO

[BestFishes]

Or even better, force those shorts buy our shares due to a squeeze.

[fink]

“We’ve been heavily shorted.”
Makes sense with OTCN and VIRT parked on the Spread for months.

I wish a few millions buys cranked in one day. Squeeze those two into another stock to finger F’k everyday. Leave us alone.

Art has some cash now. Set a 1m share buy at .40 and shorty gets sent home broke.

[BestFishes]

Art Halleran interview with the Mining Stock Education podcast.
https://www.miningstockeducation.com/2023/03/trillion-energys-new-gas-wells-exceed-expectations-explains-ceo-art-halleran/

[fink]

Should be no challenges but getting there. Holes already drilled. If it had negative history, we’d be on another.
I guess the reserves found is the big unknown. Kind of exciting now.

[BestFishes]

I don't know the challenges of the Bayhanli-2 well, but Art has said several times in past interviews that approximately every 45 days a well should be coming online. If that's the case for #5, then we're looking at mid May. Add a safety factor for things like fish, tooling logistics, more earthquakes, etc. and we're still looking at late spring/early summer for the Bayhanli-2 well. End of August could be eyeing well # 7 -
best case scenario in my opinion.

[fink]

I love the way Art keeps us updated. Guluc-2 is a 10+ year long producing well.

They should have that other punched and online. 4 producing wells in our back pockets.

I can’t wait till they are in #5. Not sure how long of a move that will be. Float their anus over the hole over night.

By end on Summer????? I can’t wait till August.

[BestFishes]

More good news!
If this was a baseball game, a batter hitting 4 for 4 would be on every ESPN show.
Onto the Bayhanli-2 well. More excitement on the way as this one was never previously produced.

[9HikeDiscGolf]

On March 28, 5.5 metres of the lower gas sands in Guluc-2 were perforated and tested. Flow rates peaked at a rate of 16.35 MMcf/day. The well will now enter long-term production with an initial production rate of about 6 MMcf/d.$TCF 🇨🇦 $TRLEF 🇺🇸 $Z62 🇩🇪https://t.co/6aHSDFEiqW

— Trillion Energy (@TrillionEnergy) March 29, 2023

[fink]

https://mcusercontent.com/5e269838a16742a97c90596c2/files/8f5d0212-d9e2-a228-c031-010d4b30f5ce/TCF_03_23_23.01.pdf

[Gator44]

Nice initial flow rate of 5.9MMcf/day

[BestFishes]

Trillion Energy's West Akcakoca Well Enters Production
The West Akcakoca-1 Successfully Tested at 5.9 MMcf/day

March 28, 2023 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce flow test results for the West Akcakoca-1 natural gas well at the SASB gas field, offshore Turkey.

The West Akcakoca well two lower “D” sands with a combined total of 7 metres of natural gas pay were perforated on March 24, 2023. These two zones were flow tested at a rate of 5.9 MMcf/day. Shut-in pressure was 1620 psi. The well will now enter long-term production. 48 metres of gas pay remains to be perforated in the future and will ensure a long-term production horizon for the well.

On March 24th, the Uranus Rig was skidded over to the Guluc-2 well. Preparations are currently being made to perforate the gas bearing zones to put the well into production, which is expected in a matter of days.

Arthur Halleran, CEO of Trillion, stated:

“We are very pleased that our gas production is expected to double with two additional wells entering production for April 2023 for a total of four new producing wells from our SASB development program. Since drilling program commenced last year, we have successfully drilled and produced from four out of four targets. Results to date demonstrate the long reach directional technology being used to revitalize the SASB gas field is working well. Now is just the beginning of our planned development; many more wells are to come.”

[BestFishes]

Analysis from Simply Wall St...
https://simplywall.st/stocks/ca/energy/cse-tcf/trillion-energy-international-shares/news/were-not-very-worried-about-trillion-energy-internationals-c

We're Not Very Worried About Trillion Energy International's (CSE:TCF) Cash Burn Rate
By: Simply Wall St Published March 21, 2023

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So should Trillion Energy International (CSE:TCF) shareholders be worried about its cash burn? In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Trillion Energy International

How Long Is Trillion Energy International's Cash Runway?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. As at September 2022, Trillion Energy International had cash of US$12m and such minimal debt that we can ignore it for the purposes of this analysis. Looking at the last year, the company burnt through US$20m. So it had a cash runway of approximately 7 months from September 2022. Importantly, though, the one analyst we see covering the stock thinks that Trillion Energy International will reach cashflow breakeven before then. In that case, it may never reach the end of its cash runway. Depicted below, you can see how its cash holdings have changed over time.

How Well Is Trillion Energy International Growing?

One thing for shareholders to keep front in mind is that Trillion Energy International increased its cash burn by 1,090% in the last twelve months. But the silver lining is that operating revenue increased by 22% in that time. Considering both these metrics, we're a little concerned about how the company is developing. Clearly, however, the crucial factor is whether the company will grow its business going forward. So you might want to take a peek at how much the company is expected to grow in the next few years.

How Easily Can Trillion Energy International Raise Cash?

Since Trillion Energy International has been boosting its cash burn, the market will likely be considering how it can raise more cash if need be. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of US$114m, Trillion Energy International's US$20m in cash burn equates to about 17% of its market value. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution.

So, Should We Worry About Trillion Energy International's Cash Burn?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Trillion Energy International's revenue growth was relatively promising. It's clearly very positive to see that at least one analyst is forecasting the company will break even fairly soon. While we're the kind of investors who are always a bit concerned about the risks involved with cash burning companies, the metrics we have discussed in this article leave us relatively comfortable about Trillion Energy International's situation. Separately, we looked at different risks affecting the company and spotted 3 warning signs for Trillion Energy International (of which 1 is potentially serious!) you should know about.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Valuation is complex, but we're helping make it simple.

Find out whether Trillion Energy International is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

https://simplywall.st/stocks/ca/energy/cse-tcf/trillion-energy-international-shares/valuation

[fink]

Those guys are selling off their massive portfolios to save 3% and scare American investors to do the same. All this IRA/401ks will suffer.
I got a few index funds too. I could have rolled into gold years ago, but let it sit. No balls. I’m going to ride it out till 2024. See if the globalist still own our vote.

4 more years of mashed potatoes, I’ll roll.

Till then. It’s energy for my play money.