The Conversation (0)
Trillion Energy (CSE:TCF,OTCQB:TRLEF,Frankfurt:Z62) is a key player in Europe and Turkey's energy market, focusing on oil and gas exploration projects. Strategic investments and infrastructure set to meet energy demand in 2024 and beyond.
Trillion Energy operates primarily in the Black Sea region, where it has been rapidly increasing its natural gas production at SASB gas field since 2022. The company also expands into oil and gas exploration, particularly in Southeast Turkey. With established infrastructure, including gas plants and pipelines, the company is set to play a critical role in meeting the region’s energy demand in 2024 and beyond.
The SASB Gas Field in the Black Sea, off Turkey, is a significant natural gas project redeveloped by Trillion Energy. The gas field has produced over 43 billion cubic feet (BCF) of gas. SASB plays a crucial role in Turkey’s domestic energy supply
Company Highlights
- Holds a 49 percent interest in the Black Sea's SASB gas field, with 323 billion cubic feet (BCF) of original gas in place (OGIP) and proven reserves valued at USD $421 million (NPV10).
- Production increased by 300 percent from 2022 to 2023, with 17+ wells planned for development.
- Focus on high-impact oil exploration in Southeast Turkey, targeting fields with production rates of 10,000 barrels per day.
- Raised $55 million in equity and $15 million in subordinated debt for ongoing projects.
- Successfully drilled 5 long-reach natural gas production wells using novel technology in the Black Sea.
This Trillion Energy profile is part of a paid investor education campaign.*
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