Trillion Energy International Inc. is pleased to announce that, further to the Company's press releases dated November 9, 2023 and November 10, 2023, it has closed its previously announced best efforts marketed public offering of common shares . Pursuant to the Offering, the Company issued and sold a total of 36,057,934 common shares at a price of $0.30 per Common Share for gross proceeds of approximately [...]
Trillion Energy International Inc. is pleased to provide an operational update for the SASB gas field. The Company is holding a workshop in Ankara, Turkey between December 4 and 8th the subject being boosting production from its existing six wells as well as the 2024 work program planning. The Company has received a report from Frontier Project Solutions, a Calgary based engineering company founded in 1977, to assist in [...]
Trillion Energy International Inc. is pleased to announce the pricing of the previously announced, on November 9, 2023, best efforts marketed public offering of common shares of the Company . Pursuant to the Offering, which is being conducted on a best efforts agency basis, Trillion will issue the Common Shares at a price of $0.30 per Common Share for aggregate gross proceeds of up to $10 million. The Offering is being [...]
Trillion Energy International Inc. is pleased to announce that it has filed a preliminary short form prospectus with the securities commissions or similar regulatory authorities in each of the provinces of Canada, other than Quebec , in connection with a best efforts marketed public offering of common shares of the Company for gross proceeds of up to $10 million. In connection with the Offering, the Company intends to [...]
Trillion Energy International Inc. is pleases to provide an update on its three well perforation program at the SASB gas field previously announced on September 25. So far, two out of the three well operations have now been commenced or successfully completed. As a result, total combined production at SASB is currently 14.4 MMcf/d - 7,056 MMCF/d net to Trillion into the gas sales pipeline. More information on stabilized [...]
Trillion Energy International Inc. announces entering into a contract for acquisition of 2D seismic data and commencement of the oil exploration seismic program for the first of the three Cudi-Gabar oil farm-in blocks. Equipment and staff are currently being mobilized into the M47 c3 & c4 license areas to drill 3,750 twelve meters deep holes which will then be used to a shoot dynamite based seismic over the East to [...]
Trillion Energy International Inc. is pleased to provide an update on the SASB gas project, announce its 2024 capital budget and provide production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest basis unless otherwise stated. SASB Operational Update Trillion is currently undertaking a work program to optimize production on the SASB Field to ensure all 6 [...]
Trillion Energy International Inc. wishes to announce that it intends to proceed with a consolidation of its outstanding common shares on the basis of five pre-consolidation Common Shares for one post-consolidation Common Share . Any resulting fractional Common Share that is held by a holder of Common Shares will be cancelled, and the aggregate number of Common Shares held by such holder will be rounded down to the [...]
Trillion Energy International Inc. is pleased to announce its financial results for the three and six month periods ended June 30, 2023 and an operational update on efforts to increase production from the six SASB gas wells. President & CEO, Arthur Halleran commented: "After successfully completing six wells, our focus now turns to maximizing production of the wells targeting parity with historical production rates [...]
Trillion Energy International Inc. is pleased to announce the Alapli-2 well flow test results and to provide an update on future drilling programs at the SASB gas field, Turkiye. Alapli-2 Well results Alapli-2 has 32 metres of total gas pay in the A, B, C and D sands of the Akcakoca Member, which is 22.7 metres thicker than the offset well Alapli-1. 15.1 metres measure thickness of gas pay were perforated and tested in [...]
Trillion Energy International Inc. is pleased to announce it has entered into a farm-in agreement with Derkim Poliüretan Sanayi ve Ticaret A.S. to earn a 50% working & revenue interest in three oil exploration blocks comprised of 151,484 hectares within the newly defined Cudi-Gabar petroleum province, Southeastern Turkiye. To earn the 50% the Company must acquire 351 km of 2D seismic in 2023 and drill 4 wells in 2024. The [...]
Trillion Energy International Inc. is pleased to announce that it is exploring strategic energy opportunities in the Bulgaria and Turkiye region with a global energy trading company. The parties have signed a non-disclosure agreement to share information on a confidential basis regarding potential new business opportunities to be advanced together, the aim is to advance the Vranino 1-11 exploration block in Bulgaria [...]