Trillion Energy International Inc. , has reissued its consolidated financial statements for the year ended December 31, 2023 to correct an identified error. As a result, the Company's Net Loss is reduced to $43,842 for the year from the previously reported net loss of $1,102,194. The error is the result of a foreign exchange loss on intercompany accounts that was recorded in net loss and which should have been recorded in [...]
Trillion Energy International Inc. is pleased to announce that it has successfully run 2 3/8 velocity string tubing in four existing wells, including three long reach wells on the Akcakoca Platform at the SASB Gas Field, Turkey. The new tubing operation was conducted to reduce water loading, increase production and overall recovery from the wells. With the new tubing strings, the wells should be able to produce at a lower [...]
Trillion Energy International Inc. is pleased to provide an update on the velocity string installation program at the SASB gas field. On October 27th the snubbing unit was positioned over the Akcakoca-3 well where 2 3/8" production tubing was ran into the well through the existing 4 ½ tubing. The operation was completed on October 29th. The well continued to flow throughout the operation. Following the VS installation [...]
Trillion Energy International Inc. is pleased to announce it is gearing up SASB gas field operations with the installation of Velocity Strings at this time. On September 30th, 2024, after the Company reached an agreement with its partner at SASB on the technical aspects of the program, it was assigned operatorship for the conduct of this program. The Company then was able to sign a service agreement with a snubbing [...]
Trillion Energy International Inc. is pleased to announce that the Akcakoca-3 well at the SASB Gas Field has now been put into production. On July 17, 2024, eleven meters of gas pay was perforated in the Akcakoca-3 well, however, due to delayed pressure build up, was not initially produced. By Friday September 6th, 2024 the well head pressure for Akcakoca-3 had increased to 616 psi and the well was put into production [...]
Trillion Energy International Inc. is pleased to provide this production update for oil and gas fields, highlighting robust performance and strategic developments. During the month of August, the 100% gas production from SASB was about 133.13 MMcf giving a gross total of US$1,456,400 and a Trillion 49% value of US$713,640 with a realized Natural Gas price of about US$10.94. Trillion's gross oil revenue from Cendere is [...]
Trillion Energy International Inc. is pleased to provide this production update for the SASB gas field. SASB revitalization program is off to a great start having realized the complete payback of recent perforation costs in just 35 days of production. In first phase of workover all remaining gas pay on the Akcakoca platform was perforated including three long reach deviated gas wells Guluc-2, South Akcakoca-2, West [...]
Trillion Energy International Inc. is pleased to provide this production update for the SASB gas field. SASB revitalization program is off to a great start having realized the complete payback of recent perforation costs in just 35 days of production. In first phase of workover all remaining gas pay on the Akcakoca platform was perforated including three long reach deviated gas wells Guluc-2, South Akcakoca-2, West [...]
Trillion Energy International Inc. is pleased to provide an update on perforations of the West Akcakoca-1 well at the SASB gas field located in the southwestern Black Sea and production progress to date. The West Akcakoca-1 well has now had the remaining three perforation intervals totaling 4 metres perforated for a total of five zones. Prior delays involving weather conditions and waiting for spare parts to advance the [...]
Trillion Energy International Inc. is pleased to provide an update on the flow rates and well perforations at the SASB gas field. South Akcakoca-2 - Updates on the flow rates are as follows: well head pressure has stabilized at 371 psi and the well was recently producing 1.94 MMcf/d using 42/64" choke. Guluc-2 - Initial flow was diverted to the platform vent line with a 64/64" choke where producing WHP was about 350 psi [...]
Vancouver, B.C. - Trillion Energy International Inc. is pleased to provide this operational update for the SASB gas field well intervention program. South Akcakoca-2 well was perforated over the intervals 2319.5-2323.5 , 2339.6-2341.3 and 2411.1-2412.8 for a total of 6.4 m . Well hole pressure was 86 psi before perforation, the WHP increased to 1046 psi. The well flowed continuously from the morning of July 9th and by [...]
Trillion Energy International Inc. wishes to announce that further to the Company's news release dated June 6, 2024 announcing the upsizing of its non-brokered private placement to 30,000,000 units at a price of $0.09 per Unit, for aggregate gross proceeds of up to a maximum of $2,700,000 , the Company has closed the remaining tranches of the Offering. Each Unit is comprised of one common share of the Company and one [...]
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