Trillion Energy International: Focused on Oil and Natural Gas Exploration, Production, and Distribution in Turkey and Europe

Trillion Energy International: Focused on Oil and Natural Gas Exploration, Production, and Distribution in Turkey and Europe


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.

Trillion Energy project location in Turkey

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.*

Click here to connect with Trillion Energy (CSE:TCF,OTCQB:TRLEF,Frankfurt:Z62) to receive an Investor Presentation

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Trillion Energy Announces Debt Settlements

Trillion Energy Announces Debt Settlements

 

Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), announces that it proposes to issue an aggregate of 2,237,082 common shares of the Company in settlement of $101,854.10 in debt owed by the Company to consultants and an officer of the Company (the " Debt Settlement "). The common shares will be subject to a four month and one day hold period from the date of issuance as per applicable Canadian securities legislation.

 

 

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Trillion Energy Announces Payment of Director Fees and Debt Settlements

Trillion Energy Announces Payment of Director Fees and Debt Settlements

 

Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), announces the issuance of an aggregate of 3,516,493 common shares of the Company in settlement of $204,436.07 in debt owed by the Company to directors, officers and consultants (the " Debt Settlement "). Sean Stofer, Trillion's Interim CEO & Chairman of the Board stated, " I would like to thank the directors and employees who have opted to receive amounts payable to them in Shares. This is a show of confidence in Trillion as we continue to move forward aggressively with plans to recommence drilling and workovers on our projects".

 

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Trillion Energy Announces SASB Field Operational Update

Trillion Energy Announces SASB Field Operational Update

 

Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), is pleased to announce an operational update for the SASB offshore gas project, Turkey.

 

During January 2025 the Company completed installation of new velocity string tubing in two wells located on tripods (Alapli-2 and Bayhanli-2) in an operation that took approximately two weeks' time.

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Trillion Energy Announces Completion of Alapli-2 Gas Well

Trillion Energy Announces Completion of Alapli-2 Gas Well

 

Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), is pleased to announce the successful installation of 2 38" velocity string tubing (VS) into the Alapli-2 natural gas well. This achievement marks a significant step in our ongoing efforts to enhance long-term gas production at the SASB field.

 

Following the successful completion of this operation, the team will prepare to transport the snubbing unit via crane barge to the East Ayazli tripod, where 2,888 meters of 2 3/8" VS tubing will be run into the Bayhanli-2 well. This phase is expected to be completed within the next 7 days, weather permitting.

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Trillion Energy Announces CEO Retirement and New Management Appointments

Trillion Energy Announces CEO Retirement and New Management Appointments

 

Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), announces that the Company's Board of Directors has accepted Arthur Halleran's resignation and retirement as Chief Executive Officer and Director of the Company, effective December 27, 2024.   Mr. Art Halleran served as CEO since 2017 and spearheaded the SASB development project to date.

 

The Company is conducting an executive search, committed to selecting and appointing a seasoned executive with capital markets and technical experience to lead the Company as CEO. The recruitment process is well under way and the Board of Directors is committed to concluding the transition as soon as possible. The new CEO will focus on exploiting existing assets and strategically enter new plays to increase overall value to all shareholders.

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About BTV - Business Television:

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257791

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