Trillion Energy International Inc. is pleased to report operating and condensed financial results for the year ended December 31, 2023. The audited financial statements, management discussion and analysis, and annual information form for the year ended December 31, 2023 will be available on the System for Electronic Document Analysis and Retrieval Plus at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on [...]
Trillion Energy International Inc. is pleased to provide a summary and highlights of its December 31, 2023 year-end reserve report. Reserve Report Highlights Net present value 10% of total proved plus probable natural gas and oil reserves is USD $420.5 million* net to Trillion, which represents USD $3.44 per common share*** Total proved plus probable conventional natural gas reserves increased to 55.75 Bcf* up from 42.5 [...]
Trillion Energy International Inc. is pleased to provide this operational update for the SASB gas field. Trillion is starting the SASB revitalization project now as all relevant equipment and supplies for the start of the operations arrive mid-April 2024. As mentioned previously a total of 49 metres of new gas pay will be perforated in Guluc-2, South Akcakoca-2, West Akcakoca-1 and Akcakoca-3 prior to the installation of [...]
Trillion Energy International Inc. has announced the appointment of David Thompson as Interim CFO and a search for a permanent Chief Financial Officer . The Company also announces grant of stock options. Mrs. Ozge Karalli will no longer be able to fulfill the duties of the CFO as a result of her termination with Park Place Energy, Trillion's operating subsidiary in Turkey. David Thompson, a director and former CFO of the [...]
Trillion Energy International Inc. , an oil and natural gas producer in Turkey, announces that it has issued 3,180,000 common shares of the Company at a deemed price of $0.20 per Share in settlement of a bona fide debt of $636,000 owed by the Company to its Chief Executive Officer, Arthur Halleran for $546,000, and two directors of the Company for the balance, namely David Thompson and Sean Stofer . The Shares are subject [...]
Trillion Energy International Inc. , an oil and natural gas producer in Turkey, is pleased to announce the appointment off Al Thorsen as Chief Operating Officer. As part of his duties, Mr. Al Thorsen will be responsible for the production operations of SASB gas field as well future drilling activities in Turkey and abroad. Mr. Thorsen will be leading the production enhancement initiatives, with the highest priority being [...]
Trillion Energy International Inc. is pleased to provide this operational update and to reiterate its production guidance for the SASB gas field issued on September 25, 2023 subject to revised timing to facilitate evaluation of alternative pump types and installation. On September 25, 2023, Trillion announced its SASB production guidance for the completion of five new wells and one recompletion completed for the work [...]
Trillion Energy International Inc. is pleased to announce the completion of its 3D seismic reprocessing for the SASB gas field. The Company is now in the process of interpreting the results and tying the results into the existing drilled wells. Significant improvements in seismic technology since the initial processing of the 2004 seismic data offer enhanced data imaging for reservoir characterization, faults, and [...]
Trillion Energy International Inc. is pleased to announce that, further to the Company's press releases dated November 9, 2023 and November 10, 2023, it has closed its previously announced best efforts marketed public offering of common shares . Pursuant to the Offering, the Company issued and sold a total of 36,057,934 common shares at a price of $0.30 per Common Share for gross proceeds of approximately [...]
Trillion Energy International Inc. is pleased to provide an operational update for the SASB gas field. The Company is holding a workshop in Ankara, Turkey between December 4 and 8th the subject being boosting production from its existing six wells as well as the 2024 work program planning. The Company has received a report from Frontier Project Solutions, a Calgary based engineering company founded in 1977, to assist in [...]
Trillion Energy International Inc. is pleased to announce the pricing of the previously announced, on November 9, 2023, best efforts marketed public offering of common shares of the Company . Pursuant to the Offering, which is being conducted on a best efforts agency basis, Trillion will issue the Common Shares at a price of $0.30 per Common Share for aggregate gross proceeds of up to $10 million. The Offering is being [...]
Trillion Energy International Inc. is pleased to announce that it has filed a preliminary short form prospectus with the securities commissions or similar regulatory authorities in each of the provinces of Canada, other than Quebec , in connection with a best efforts marketed public offering of common shares of the Company for gross proceeds of up to $10 million. In connection with the Offering, the Company intends to [...]