Trillion Energy International Inc.

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 [...]

Trillion Energy International Inc. is pleased to provide the following announcement relating to the results of an independent petroleum reserve evaluation prepared by GLJ Petroleum Consultants . The Reserve Report highlights a substantial increase in Trillion’s P3 Proven and Probable and Possible reserves from 342,000 BOE to 4,901,000 BOE, a 1,433% increase that includes the addition of 27.5 Billion Cubic Feet “BCF” of [...]

Trillion Energy International Inc. is pleased to provide an update on the South Akcakoca Gas-Basin “SASB” gas fields, one of the Black Sea’s first and largest natural gas development projects. SASB Gas Field History The SASB gas field wells first commenced production between 2007 and 2011 and have produced a total of 41.66 Billion Cubic feet gas to date, an average of 4.166 BCF per well. We recently completed a forecast [...]

VANCOUVER, British Columbia and ANKARA, Turkey, June 16, 2020 -- Trillion Energy International Inc. is pleased to report that the Cendere Oil field has regained positive economics as oil prices have rebounded up 90% during May 2020 to over $35 USD/barrel. The Cendere Oil field is a long term, stable oil production play with a low decline rate. Trillion has a 19.6% interest in the Cendere Oil field, which includes 25 wells, of which 16 are producing, all except for 3 wells in which it has a 9.8% interest. The low decline rate and the long-term production characteristics have estimated continuous oil production into 2026, with approximately 1.3 million standard barrels remaining to be produced and 45mm stb Oil in Place . 20.6 million barrels cumulative production has oc... [...]