Trillion Energy International Inc. provides an update on the status of the Uranus Rig mobilization to the SASB gas field. The Uranus Rig is slated to depart for SASB on September 8th and to arrive on September 11th. A detailed daily schedule is as follows: September 5 - NDT operations in ballast Tank #2 September 6 - Estimated completion of welding operations in ballast Tank #1, start NDT and painting September 8 - Rig [...]
Trillion Energy International Inc. recently received a price increase for the sale of natural gas from its SASB gas field to USD $30.68/Mcf effective September 1, 2022. Regional natural gas prices have steadily increased this year, more than tripling since 2021. The September price of $31.68 represents a 47% increase over the prior month price for August 2022 of $20.83/mcf and a further increase of nearly 350% over the [...]
Trillion Energy International Inc. (Frankfurt: Z62 is providing an update on the status of the Uranus rig mobilization to the SASB gas field. On August 22, we announced the rig was expected to be approved for departure on August 26, after a thorough inspection and permitting process. The rig inspection identified deficiencies with the top drive and ballast tank and as such requiring repairs before departure. These [...]
Trillion Energy International Inc. is pleased to announce the Uranus drilling rig is currently being prepared to move to the SASB natural gas field, Black Sea, for the Company's multi-well drilling program and expected to arrive on August 29, 2022. The Company's multi-well development program initially includes seven natural gas production wells set to come online during a time when acute natural gas shortages are [...]
Trillion Energy International Inc. is pleased to provide an update on new executives, management hires and director appointments as follows. Executive and Director Appointments Sean Stofer has been appointed as an independent director of Trillion and brings over 20 years of renewable energy experience to the Board. Mr. Stofer is a graduate of the University of British Columbia in Engineering and became a registered [...]
Trillion Energy International Inc. is pleased to announce that it has recommenced trading on OTC Markets platform under the new stock symbol TRLEF. Our old symbol TCFF is now discontinued. The Company was unexpectedly required to reapply to FINRA after its redomicile transaction that was effective earlier this year which caused a temporary delay in obtaining its new foreign issuer stock symbol. The Company also continues [...]
Trillion Energy International Inc. is pleased to provide an update on the 98,000-acre Vranino 1-11 natural gas exploration license block in the Dobrudja basin, Bulgaria and changes in the energy environment in Bulgaria. Russia's Gazprom cut off the natural gas supply to Bulgaria, citing the countries' refusal to pay in Russian roubles, prompting accusations of "blackmail" and emergency talks at the EU. Bulgaria has [...]
Trillion Energy International Inc. recently received a price increase for sales of natural gas from its SASB gas field to USD $17.93/mcf. The price increase is effective April 1, 2022. During the first quarter of 2022, prices hovered in the USD $13/mcf range, thus, the increase is about 40%. In contrast, the average natural gas sale price received during 2021 was approximately USD $8.84/mcf. The Company believes the [...]
Trillion Energy International Inc. is pleased to announce that, further to the press releases dated March 14 and 16, 2022, it has closed an oversubscribed private placement for total gross proceeds of approximately $17,913,000 . The Private Placement was increased from $10,000,000 to $17,913,000 due to a high demand to participate in the offering. In connection with the final tranches of the Private Placement, the Company [...]
Trillion Energy International Inc. is pleased to announce that, further to the press release dated March 14, 2022, it has closed the first tranche of the previously announced non-brokered private placement of the Company . In connection with the First Tranche, the Company issued an aggregate of 46,368,643 units at a price of $0.165 per Unit for aggregate gross proceeds of $7,651,000. The Units are comprised of one common [...]
Trillion Energy International Inc. is pleased to announce that it plans to complete a non-brokered private placement of up to 60,606,060 units of Trillion at a price of $0.165 per Unit for aggregate gross proceeds of up to a maximum of $10,000,000 . Echelon Capital Markets is acting as financial advisor to Trillion with respect to the Offering. There is no minimum Offering. The Units will be comprised of one common share [...]
Trillion Energy International Inc. is providing an update on its SASB natural gas project located in the Southwestern Black Sea in Turkiye's territorial waters, in light of the recent invasion of the Ukraine and halt of the Nord Stream pipeline. We do not expect to incur any adverse impact from the conflict currently and plan to proceed with our development on schedule. Europe imports about 40% of its Natural Gas from [...]