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 [...]
Trillion Energy International Inc. is pleases to provide an update on its three well perforation program at the SASB gas field previously announced on September 25. So far, two out of the three well operations have now been commenced or successfully completed. As a result, total combined production at SASB is currently 14.4 MMcf/d - 7,056 MMCF/d net to Trillion into the gas sales pipeline. More information on stabilized [...]
Trillion Energy International Inc. announces entering into a contract for acquisition of 2D seismic data and commencement of the oil exploration seismic program for the first of the three Cudi-Gabar oil farm-in blocks. Equipment and staff are currently being mobilized into the M47 c3 & c4 license areas to drill 3,750 twelve meters deep holes which will then be used to a shoot dynamite based seismic over the East to [...]
Trillion Energy International Inc. is pleased to provide an update on the SASB gas project, announce its 2024 capital budget and provide production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest basis unless otherwise stated. SASB Operational Update Trillion is currently undertaking a work program to optimize production on the SASB Field to ensure all 6 [...]
Trillion Energy International Inc. wishes to announce that it intends to proceed with a consolidation of its outstanding common shares on the basis of five pre-consolidation Common Shares for one post-consolidation Common Share . Any resulting fractional Common Share that is held by a holder of Common Shares will be cancelled, and the aggregate number of Common Shares held by such holder will be rounded down to the [...]
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