Trillion Energy International (TSE:TCF) has released an update.
Trillion Energy International Inc. has disclosed its oil and natural gas reserves data, evaluated by independent auditor GLJ Ltd. as of December 31, 2023. The report includes various categories of reserves such as proved, probable, and possible, and emphasizes that actual recovery may differ from estimates. Importantly, the future net revenue and the fair market value of these reserves are subject to the fluctuation of forecasted prices and costs, with no certainty of the estimated reserves being entirely recovered.
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