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... [...]
Trillion Energy International Inc. is pleased to provide this mid-year update. Trillion is a Canadian based natural gas and oil company focused on international markets which owns several high impact oil and gas projects abroad, including: the SASB Gas field, one of the largest natural gas developments in the Black Sea, the Cendere Oil field, as well as several exploration plays. 2020 Company Highlights-to-date Commenced [...]
Trillion Energy International Inc. is pleased to announce its listing on the CSE Stock Exchange, where commencing February 11, 2020, the Company will trade under the stock symbol CSE: TCF. The Company first applied for a CSE listing during 2019 and was required to first clear a prospectus with the British Columbia Securities Commission, which occurred early 2020. "We are very excited about the Company's prospects for 2020 [...]
Trillion Energy International Inc. is pleased to announce that, as of August 1, 2019 the Company received a significant price increase for sales of natural gas sold in Turkey. Natural Gas selling price increases The Company will now receive USD $7.36 per MCF for natural gas produced from its SASB field. The current natural gas selling price is up 51% year-over-year from $4.89 per MCF received during August 2018 and up [...]
Park Place Energy Inc. is pleased to announce that, effective April 1, 2019 it has changed its name to Trillion Energy International Inc. and adopted the corresponding new stock symbol "TCFF" on the OTC Markets as of April 1, 2019. The CUSIP number assigned to the Company's shares under its new name is 89621V103. Arthur Halleran, CEO of the Company, commented: “The name change to Trillion Energy International marks [...]
Park Place Energy Inc. is pleased to announce that, on January 10, 2019, we filed a preliminary non-offering prospectus with the British Columbia Securities Commission . The prospectus is being filed in accordance with the provisions of Canadian National Instrument 41-101 – General Prospectus Requirements to qualify the distribution of our common shares in Canada. No new securities are being offered. Concurrently [...]
ANKARA, Turkey, March 14, 2018 -- Park Place Energy Inc. is pleased to announce the Private Placement closed on February 28th, 2018. On February 28, 2018, Park Place Energy Inc. closed a private placement with the issuance of 11,750,000 shares of common stock, with each common share having ½ of one share purchase warrant attached, resulting in the issuance of 5,875,000 share purchase warrants. Each whole share [...]
ANKARA, Turkey, Feb. 20, 2018 -- Park Place Energy Inc. is pleased to announce it has acquired an additional 12.25% of the SASB gas field bringing its total interest to 49%. The purchase price for the additional interest was USD $265,000 and 1.5 million shares of the company’s common stock. The company completed the purchase on February 8, 2018. Approval was received by regulators early January 2018 paving the way [...]
VANCOUVER, British Columbia, Nov. 14, 2017 -- Park Place Energy Inc. intends to complete a private placement offering of common shares for proceeds up to US $1,000,000 at a price of US$0.10 per share for a total of 10,000,000 shares “the Financing”. The financing was approved by the Company and will close on November 30, 2017. The financing is only available to qualified investors in accordance with applicable [...]
Park Place Energy update on the Zagros Basin Licenses, Operations and the financial results for the quarter ended June, 2017. Park Place through the acquisition of the Tiway companies has 42,833 hectares of contiguous exploration blocks (Derecik Exploration Licences) covering the northern extension of the prolific Iraq/Kurdistan Zagros Basin, but are located within Turkey where the fiscal terms consist of a 12.5% royalty [...]
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