TCFF - TCFF STOCK NEWS

Trillion Energy International Inc. announced a significant increase in natural gas prices from its SASB gas field, now at USD $17.93/mcf, effective April 1, 2022. This marks a 40% rise from the first quarter average of USD $13/mcf and is substantially higher than 2021's average price of USD $8.84/mcf. The surge is attributed to increased energy demand, the cancellation of the Nord Stream 2 pipeline, and geopolitical tensions. Trillion is optimistic about its upcoming drilling program, anticipating positive outcomes due to these favorable conditions in the natural gas market.

Trillion Energy International has announced updates regarding its SASB natural gas project amid the ongoing geopolitical crisis in Ukraine. With Europe facing potential natural gas supply shortages due to disruptions in Russian imports, Trillion's SASB field development is positioned to address these risks. The company holds a 49% ownership in this strategic gas field, assessed to have approximately 41 BCF of 2P reserves. The CEO plans visits to Turkiye and Romania in March 2022 to ensure project progress. Trading on OTCQB under symbol TCFF is set to resume.

Trillion Energy International Inc. (CSE: TCF, OTC: TCFF) announced signing a Memorandum of Understanding (MOU) with GSP Offshore SRL for drilling services at the SASB natural gas field in the Black Sea. The MOU includes drilling five new wells and two recompletions, targeting 41 BCF of estimated 2P reserves. The initiative aims for a production ramp-up in 2022 and 2023, driven by high natural gas prices exceeding USD $13 MCF. The rig service rate is USD $95,000 per day, with plans to engage GSP for additional drilling post-initial program.

Trillion Energy International has contracted Schlumberger to provide engineering and drilling support for over 13 new wells at the SASB gas field in the Black Sea. The project aims to enhance gas production, with each well costing around USD $8.7 million, and the company expecting to bring one well online every 45 days starting Q3 2022. The use of advanced directional drilling technology is anticipated to decrease capital costs and drilling risks, significantly ramping up revenue through 2023. The company holds a 49% interest in the SASB gas field, which has assessed 2P reserves of approximately 41 BCF.

Trillion Energy International Inc. (CSE: TCF, OTC: TCFF) reports significant developments amidst rising natural gas prices in Europe, expected due to geopolitical tensions and regional supply shortages. The company is negotiating a letter of intent for drilling rigs near the Black Sea, aiming for operations at the SASB field by July 2022. Additionally, a new CUSIP number will be effective soon amid the company’s redomiciling to British Columbia. An amendment to a financial consulting agreement indicates positive progress in securing institutional debt funding.

Trillion Energy International has successfully completed its merger and redomiciliation from Delaware to British Columbia. This strategic move aims to reduce regulatory costs and facilitate brokered financing for the SASB Gas field. Trillion's shareholders will receive shares in the newly incorporated Trillion Energy in British Columbia on a one-for-one basis without changing ticker symbols. The company anticipates enhanced access to capital markets and a larger investor base. CEO Arthur Halleran expressed optimism about the upcoming natural gas drilling program amid favorable pricing conditions.

Nextech AR has closed a significant ARitize 3D deal with a multinational e-commerce brand, enhancing its Monthly Recurring Revenue. This deal reflects the rising demand for Nextech's AI and ML powered AR technologies. Meanwhile, Trillion Energy has seen a price increase for its natural gas, now approximately US$13.07/mcf, indicating a strategic focus on its SASB natural gas redevelopment. The Market Herald provides insights into these developments through interviews with the respective CEOs.

Trillion Energy International Inc. (OTC: TCFF) announced a significant increase in natural gas prices to approximately USD $13.07/mcf due to seasonal supply shortages and high demand. This is a notable rise from the USD $8.84/mcf average in 2021. The company is reassessing its natural gas resources, with expectations of improved economic metrics due to these new prices. CEO Art Halleran emphasized the strategic value of their SASB gas redevelopment project, and an MOU for drilling operations is expected to be negotiated soon.

Trillion Energy International Inc. (CSE: TCF, OTC: TCFF) has successfully approved a resolution to redomicile from Delaware to British Columbia, effective January 1, 2022. At a special stockholders meeting held on December 17, 2021, 54.45% of outstanding shares were represented. 100,590,673 shares (54.35%) voted in favor, while only 158,224 shares opposed. The move aims to lower regulatory compliance costs and enhance capital market access, with no expected changes to management or strategy. The company maintains its current ticker symbols and continues as Trillion Energy Inc.