Trillion Energy International Inc. is pleased to announce that it has closed its previously announced offering of $15,000,000 aggregate principal amount of convertible debenture units . Each Unit consisted of 1 convertible debenture in the principal amount of $1,000 and 1,667 common share purchase warrants . A syndicate led by Eight Capital and including Echelon Wealth Partners Inc., Canaccord Genuity Corp. and Haywood [...]
Bayhanli-2 gas well spudded at East Ayazli targeting significant Proved Reserves Vancouver, B.C., April 11, 2023 -- Trillion Energy International Inc. is pleased to announce the spudding of the Bayhanli-2 well at the SASB Gas field, Black Sea Turkiye. Bayhanli-2 is the fifth gas well in our multi-well drilling program at the SASB gas field development. The well targets a previously discovered gas pool, which was never [...]
Trillion Energy International Inc. 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 increased to 63.3 BCF* up from 48.6 BCF , an increase of 30% Net present value of proved and probable natural [...]
Trillion Energy International Inc. 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 [...]
Trillion Energy International Inc. 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 [...]
Trillion Energy International Inc. is pleased to provide summary results of its third-party December 31, 2022 year-end reserve report. Reserve Report Highlights Net present value of proved and probable natural gas reserves increased to USD $432 million* net to Trillion, up from USD $82 million* , a 426% YoY increase. The US $432 million NPV 10 value represents USD $1.12 per common share** Proved and probable conventional [...]
Trillion Energy International Inc. is pleased to announce the preliminary gas indications from the West Akcakoca 1 well, the fourth well in our multi-well program at the SASB gas field, Black Sea, Turkiye. On March 10, West Akcakoca 1 reached 3,839 metres total measured depth and true vertical depth of 1,677 meters. During the drilling, an abundance of gas pay was discovered. Our analysis of logging while drilling data [...]
Trillion Energy International Inc. is pleased to provide a progress update on the Guluc 2 and West Akcakoca 1 wells at the SASB Gas field, Black Sea Turkiye. Guluc-2 is the third well in our multi-well program, which reached total depth on Jan 31 as previously announced in our February 2 news release. We initially anticipated perforation and flow testing last week; however, completion has been temporarily delayed while we [...]
Trillion Energy International Inc. is pleased to announce the preliminary gas indications from the Guluc 2 well, the third well in our multi-well program at the SASB gas field, Black Sea, Turkiye. On January 26, Guluc 2 reached 3,910 metres total measured depth and true vertical debt of 1,623 metres and discovered an abundance of gas pay. Our analysis of the logging while drilling results for the Guluc 2 well suggests 73 [...]
Trillion Energy International Inc. . Trillion is pleased to announce the commencement of it's 3D seismic reprocessing project for SASB. The existing 3D seismic data covers 223 km2 and includes the SASB block. This old 3D seismic shot by WesternGeco in 2004 is good quality and was processed in 2004 with pre-stack time migration . Since 2004, vast improvements in seismic data processing algorithms have occurred. As SASB has [...]
Trillion Energy International Inc. . Trillion is pleased to provide an update on revenue receipts and production data from SASB for the month of December 2022 for the two new producing wells. As production commenced on November 4th, 2022 for South Akcakoca-2 and November 24th 2022 for Akcakoca, both wells contributed a full month of production to December's revenues. Trillion's 49% share of December 2022 gas production [...]
Trillion Energy International Inc. . Trillion Energy is pleased to announce that it has identified several additional opportunities to increase production at the SASB gas field during 2023 by adding three side-track wells to its development program. The total number of wells now contemplated in the SASB development program has increased from seventeen to twenty . Eleven of these well operations are anticipated to occur [...]
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