Trillion Energy International Inc. is pleased to announce that is has settled a total of $749,771.20 in outstanding debt through the issuance to certain creditors of 1,874,428 common shares in the capital of the Corporation , at a deemed issue price of $0.40 per Common Share . The securities issued in connection with the Debt Settlement will be subject to a 4 month hold period in accordance with applicable securities [...]
Trillion Energy International Inc. is pleased to announce the results of its December 31, 2020 year end reserve report prepared by GLJ Consultants , an independent third-party consulting firm, as well as management's discussion of same. In completing the Reserve Report , GLJ assessed the oil reserves on the Cendere oil field as well as four developed, unproduced gas pools on the SASB gas fields, Black Sea. The Reserve [...]
Trillion Energy International Inc. is pleased to announce its plan to expand its offshore acreage at the SASB Gas field from its current 12,385 hectares by approximately 200,000 hectares, a 16 fold increase, aimed at discovering additional new gas resources proximate to its field and search for deeper gas potential. The first step in this process is to conduct a technical study under a Technical Investigation Survey [...]
Trillion Energy International Inc. is pleased to announce two successfully re-completions in the Cendere oil field resulting in significant production increases. Along with higher oil prices, oil revenues are on track for a significant increase year over year. The Cendere oil field is a stable, long-term, low decline oil field. The Cendere 13 well was re-completed resulting in daily gross production increasing from 245 [...]
Trillion Energy International Inc. is pleased to announce that it has been invited to present at the Emerging Growth Conference on February 17, 2021. The Emerging Growth Conference is premiering on February 17, 2021, this live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company's CEO, Arthur Halleran in real time. Please register here to [...]
Trillion Energy International Inc. is please to provide an update on the Company's planned activities for 2021. We expect oil and gas prices to continue to rebound during 2021 as the economy strengthens. 2020 was a challenging year for the oil and gas sector, with historic negative oil prices due to a sharp drop in demand as a result of COVID and temporary over-supply concerns abounded. Oil prices have now returned to [...]
Trillion Energy International Inc. is providing a comment on the recent Turkish Petroleum Corporation announcement of a major discovery; and recent share trading activity to confirm the Company has no material undisclosed news. Turkish officials previously announced on August 21, 2020 that the Tuna-1 well drilled by TPAO in the Sakarya Gas Field, the national gas company of Turkey, encountered 100m of pay at TD 3,520 [...]
Trillion Energy International Inc. is pleased to announce that it has closed a second tranche of the non-brokered private placement financing for aggregate gross proceeds of $216,080 . Under the Offering, the Corporation issued an aggregate of 3,601,333 units , at a price of $0.06 per Unit. Each Unit was comprised of one common share in the capital of the Corporation and one Common Share purchase warrant . Each Warrant [...]
Trillion Energy International Inc. is pleased to comment on a recent discovery made proximate to its offshore South Akcakoca Sub- Basin gas field in Turkey, the Tuna-1 gas field, which is estimated to be the largest natural gas discovery in the Black Sea to date and potentially one of the largest in Europe in recent history. The new Tuna-1 gas discovery opens new possibilities for exploration of deeper horizons on the [...]
Trillion Energy International Inc. is pleased to report the results of an independent petroleum resource evaluation, effective June 30, 2020 prepared by GLJ Petroleum Consultants for six prospects on the South Akcakoca Sub Basin gas field located offshore Turkey. Net Prospective Resources Summary The Prospect Resource Report evaluates prospective intervals contiguous to producing, discovered accumulations in the SASB Gas [...]
Trillion Energy International Inc. is pleased to report that the evaluation of the Zagros Basin Derecik Exploration Licenses in the Hakkari area of Turkey is complete and yielded promising results. Trillion has 100% interest of 42,833 hectares of the Derecik Licenses which covers the extension of the oil rich Iraq Zagros Basin into Turkey – proximate to several world class oil fields located in Northern Iraq. Trillion’s [...]
Trillion Energy International Inc. is pleased to report that it expects to receive an independent report on its Prospective Gas resources on the SASB Gas Field in the Black Sea this month and that it has completed its preliminary costing estimates and timelines associated with developing the reserves on SASB as described in our News Release of June 23, 2020. The focus on re-development of SASB is to prioritize development [...]
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