Trillion Energy International Inc. announces that it has elected to exercise its right under the terms of the warrant certificates governing the common share purchase warrants of the Company issued during March, 2021 to accelerate the term of the March 2021 Warrants. Pursuant to the 2021 March Warrants, in the event the Company's share price closes at a price of CAD$0.15 per share for a period of 10 consecutive trading [...]
Trillion Energy International Inc. is pleased to announce preliminary gas indications from our South Akçakoca 2 well. On October 15, South Akcakoca 2 reached 2,826 metres total depth which is 1,543.6 metres true vertical depth. This gas well is the first of our multi-well program on our 49% owned SASB gas field, Black Sea, Turkiye. The logging while drilling results suggest there is 32.0 metres of potential natural gas [...]
Trillion Energy International Inc. is midway through drilling its first new well in the multi-well development at the SASB Natural Gas Field, offshore Turkiye . Trillion is now fully funded to execute the initial seven well development program, as well as an additional 10 wells using cashflow generated from the first seven wells. Natural gas production at SASB is expected to commence in November of this year, supplying [...]
Trillion Energy International Inc. is pleased to have commenced its multi-well drilling program on the SASB natural gas field, upon successful arrival of the Uranus Rig which was mobilized last week after delays due to maintenance and weather conditions in the Black Sea. The Uranus Rig is situated at the Akçakoca platform where the first wells are being drilled. A total of three directional wells will be drilled from the [...]
Trillion Energy International Inc. provides an update on the status of the Uranus Rig mobilization to the SASB gas field. The Uranus Rig is slated to depart for SASB on September 8th and to arrive on September 11th. A detailed daily schedule is as follows: September 5 - NDT operations in ballast Tank #2 September 6 - Estimated completion of welding operations in ballast Tank #1, start NDT and painting September 8 - Rig [...]
Trillion Energy International Inc. recently received a price increase for the sale of natural gas from its SASB gas field to USD $30.68/Mcf effective September 1, 2022. Regional natural gas prices have steadily increased this year, more than tripling since 2021. The September price of $31.68 represents a 47% increase over the prior month price for August 2022 of $20.83/mcf and a further increase of nearly 350% over the [...]
Trillion Energy International Inc. (Frankfurt: Z62 is providing an update on the status of the Uranus rig mobilization to the SASB gas field. On August 22, we announced the rig was expected to be approved for departure on August 26, after a thorough inspection and permitting process. The rig inspection identified deficiencies with the top drive and ballast tank and as such requiring repairs before departure. These [...]
Trillion Energy International Inc. is pleased to announce the Uranus drilling rig is currently being prepared to move to the SASB natural gas field, Black Sea, for the Company's multi-well drilling program and expected to arrive on August 29, 2022. The Company's multi-well development program initially includes seven natural gas production wells set to come online during a time when acute natural gas shortages are [...]
Trillion Energy International Inc. is pleased to provide an update on new executives, management hires and director appointments as follows. Executive and Director Appointments Sean Stofer has been appointed as an independent director of Trillion and brings over 20 years of renewable energy experience to the Board. Mr. Stofer is a graduate of the University of British Columbia in Engineering and became a registered [...]
Trillion Energy International Inc. is pleased to announce that it has recommenced trading on OTC Markets platform under the new stock symbol TRLEF. Our old symbol TCFF is now discontinued. The Company was unexpectedly required to reapply to FINRA after its redomicile transaction that was effective earlier this year which caused a temporary delay in obtaining its new foreign issuer stock symbol. The Company also continues [...]
Trillion Energy International Inc. is pleased to provide an update on the 98,000-acre Vranino 1-11 natural gas exploration license block in the Dobrudja basin, Bulgaria and changes in the energy environment in Bulgaria. Russia's Gazprom cut off the natural gas supply to Bulgaria, citing the countries' refusal to pay in Russian roubles, prompting accusations of "blackmail" and emergency talks at the EU. Bulgaria has [...]
Trillion Energy International Inc. recently received a price increase for sales of natural gas from its SASB gas field to USD $17.93/mcf. The price increase is effective April 1, 2022. During the first quarter of 2022, prices hovered in the USD $13/mcf range, thus, the increase is about 40%. In contrast, the average natural gas sale price received during 2021 was approximately USD $8.84/mcf. The Company believes the [...]