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 [...]
Trillion Energy International Inc. is pleased to announce it has signed a Memorandum of Understanding to obtain drilling services from GSP Offshore SRL . The services are for the Company's planned SASB natural gas production and development program in the Black Sea. We selected GSP as its Uranus jack-up drilling Rig is currently located in the Black Sea, thus, reducing costs of mobilization and because GSP has previously [...]
Trillion Energy International Inc. is pleased to announce it has signed a purchase order with Schlumberger to provide all well engineering design services and drilling support for new well drilling operations at the SASB gas field, Black Sea. Schlumberger is the world's leading provider of technology for drilling and production to the global energy industry. SLB's services will include design and engineering of: well [...]
The Power Play by The Market Herald has announced the release of new interviews with Trillion Energy and Sprout AI on their latest news. The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives. Trillion Energy engages Schlumberger for well engineering services Trillion [...]
Trillion Energy International Inc. is pleased to provide a corporate update at this time. Natural Gas Prices Prices for natural gas in Europe continue to remain strong with upwards pressure due to several sources: the recent curtailment of Iraqi natural gas entering Turkey; increases consumption throughout Europe and the region; regional continued supply shortage and speculation that restrictions in natural gas supply may [...]