Trillion Energy International Inc. reports that in view of unusually high trading volumes and volatility in the trading of the Corporation's common shares in the market today across Canadian exchanges, it is not aware of any material undisclosed information. While the Corporation ordinarily does not comment on market activity and speculation, the Corporation confirms that it is not aware of any material corporate [...]
Trillion Energy International Inc. announces flow test results for the Bayhanli-2 natural gas well at the SASB gas field, offshore Turkey. Eight intervals of gas pay with a true thickness of about 21 metres were perforated and tested in Bayhanli-2 and now are producing gas to the sales pipeline. The eight intervals within the E, D, C, A and AA gas sand reservoirs produced at a combined rate of 11.9 MMcf/d for the final [...]
Trillion Energy International Inc. is pleased to announce its financial results for the three months ended March 31, 2023 and an operational update. President & CEO, Arthur Halleran commented: "We achieved record revenues this quarter, based on production from our first two wells increasing our revenue to over USD$6.15m [CAD$8.3m]. We look forward to experiencing further significant revenues growth during our second quarter 2023 [...]
Trillion Energy International Inc. is pleased to announce the preliminary gas indications from the Bayhanli 2 well, the fifth well in our multi-well program at the SASB gas field, Black Sea, Turkiye. On May 13, 2023, Bayhanli 2 reached 3,425 metres total measured depth and true vertical debt of 1,231 metres, and discovered an abundance of gas pay. Initial petrophysical analysis has indicated about total 43 metres gas pay [...]
Trillion Energy International Inc. is pleased to announce that it has closed its previously announced offering of $15,000,000 aggregate principal amount of convertible debenture units . Each Unit consisted of 1 convertible debenture in the principal amount of $1,000 and 1,667 common share purchase warrants . A syndicate led by Eight Capital and including Echelon Wealth Partners Inc., Canaccord Genuity Corp. and Haywood [...]
Bayhanli-2 gas well spudded at East Ayazli targeting significant Proved Reserves Vancouver, B.C., April 11, 2023 -- Trillion Energy International Inc. is pleased to announce the spudding of the Bayhanli-2 well at the SASB Gas field, Black Sea Turkiye. Bayhanli-2 is the fifth gas well in our multi-well drilling program at the SASB gas field development. The well targets a previously discovered gas pool, which was never [...]
Trillion Energy International Inc. is pleased to announce the results of its January 31, 2023 reserve report update for the SASB gas field, representing a significant increase due to additional discoveries being made after year-end. Reserve Report Highlights Proved and probable conventional natural gas reserves increased to 63.3 BCF* up from 48.6 BCF , an increase of 30% Net present value of proved and probable natural [...]
Trillion Energy International Inc. is pleased to announce flow test results for the Guluc-2 natural gas well at the SASB gas field, offshore Turkiye. On March 28, 5.5 metres of the lower natural gas sands in the Guluc-2 well were perforated and tested. Flow rates peaked at a rate of 16.35 MMcf/day. Shut-in pressure was measured at 2,000 psi. The well will now enter long-term production with an initial production rate of [...]
Trillion Energy International Inc. is pleased to announce flow test results for the West Akcakoca-1 natural gas well at the SASB gas field, offshore Turkey. The West Akcakoca well two lower "D" sands with a combined total of 7 metres of natural gas pay were perforated on March 24, 2023. These two zones were flow tested at a rate of 5.9 MMcf/day. Shut-in pressure was 1620 psi. The well will now enter long-term production [...]
Trillion Energy International Inc. is pleased to provide summary results of its third-party December 31, 2022 year-end reserve report. Reserve Report Highlights Net present value of proved and probable natural gas reserves increased to USD $432 million* net to Trillion, up from USD $82 million* , a 426% YoY increase. The US $432 million NPV 10 value represents USD $1.12 per common share** Proved and probable conventional [...]
Trillion Energy International Inc. is pleased to announce the preliminary gas indications from the West Akcakoca 1 well, the fourth well in our multi-well program at the SASB gas field, Black Sea, Turkiye. On March 10, West Akcakoca 1 reached 3,839 metres total measured depth and true vertical depth of 1,677 meters. During the drilling, an abundance of gas pay was discovered. Our analysis of logging while drilling data [...]
Trillion Energy International Inc. is pleased to provide a progress update on the Guluc 2 and West Akcakoca 1 wells at the SASB Gas field, Black Sea Turkiye. Guluc-2 is the third well in our multi-well program, which reached total depth on Jan 31 as previously announced in our February 2 news release. We initially anticipated perforation and flow testing last week; however, completion has been temporarily delayed while we [...]
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