The Trillion Energy International Inc (OTCMKTS:TCFF) stock proved to be one of the poor performers in the markets last week and ended the day week with a decline of as much as 17%. While the decline in the stock is considerable, it is perhaps also necessary to keep in mind that the company also announced oil and gas revenues to the tune of $1,957,817 for the six months which ended on June 30, 2021.
That reflected a year on year rise of as much as 53%. While the numbers look strong, investors need to keep in mind that Trillion Energy managed to post such numbers mainly because of the rise in the price of oil and gas.
However, the company also revealed that the rise in production in oil and gas remained modest, although it did have an impact on its performance in the six month period. On the other hand, the company also announced that the revenues are going to continue to be on the upward curve in light of the rise in the price of natural gas in Turkey. The price of natural gas recently hit as much as $5.80 for each million cubic feet.