TCFF - TCFF STOCK NEWS

Trillion Energy International Inc. has announced a significant increase in the net present value (NPV) of its SASB Gas field asset, driven by rising commodity prices. The updated NPV10% for its 2P gas reserves stands at USD $169.3 million and for 3P reserves at USD $288 million, reflecting increases from previous valuations. The company aims to begin its Phase III and IV development programs in mid-2022 and is assessing further exploration prospects to enhance future resource value.

Trillion Energy International has initiated its annual update on SASB gas reserves due to soaring natural gas prices, which have doubled recently. An independent report by GLJ Ltd will evaluate reserves in four gas pools and potential development prospects in the Black Sea. The company plans to start a 17-well drilling program in early 2022, subject to funding. In conjunction with this, Echelon Wealth Partners will assist in securing financing for the project, post-redomicile approval at the upcoming shareholder meeting on December 17, 2021.

Trillion Energy International Inc. (CSE: TCF, OTC: TCFF) reported significant financial growth in its third quarter ending September 30, 2021. Revenues surged by 60% year-over-year, totaling US $2,837,024 for the nine months, and US $879,207 for the quarter, marking a 78% increase. The company's net income for Q3 reached $5,418,647, rebounding from a loss in the previous year. Additionally, Trillion's cash position stood at US $1,465,568, and it reported production of 172 boe/d. CEO Arthur Halleran highlighted the impact of rising commodity prices on their operations.

Trillion Energy International Inc. (CSE: TCF, OTC: TCFF) has announced the effectiveness of its Registration Statement on Form S-4 on November 4, 2021. This paves the way for a special shareholder meeting on December 17, 2021, to vote on the merger and redomicile from Delaware to British Columbia. The move aims to reduce regulatory costs and secure brokered financing for the SASB Gas field. Shareholders of record on November 15, 2021, are eligible to vote. Successful redomicile will eliminate certain resale restrictions on shares and enhance capital market access.

Trillion Energy International Inc. has announced the settlement of $149,214.75 in outstanding debt by issuing 746,073 common shares at a deemed price of $0.20 each. This debt settlement aims to strengthen the company's financial standing. The issued shares will be subject to a four-month hold period according to Canadian securities laws and are not registered under U.S. Securities Act, thus facing resale restrictions. Trillion Energy operates in Turkey and Bulgaria, holding interests in significant natural gas and oil fields.

Trillion Energy International plans to redomicile from Delaware to British Columbia, Canada, pending shareholder approval. This move aims to align the corporate structure with international operations primarily based in Turkey and Europe. Trillion expects the transition to facilitate capital raising in Canadian markets while reducing administrative costs. Shareholders will maintain their ownership without additional steps. The change is expected to be effective by early 2022, following a merger with Trillion Energy Inc., making Trillion BC the publicly traded entity. The company operates key assets in Turkey and Bulgaria.

Trillion Energy International reported a 53% revenue increase for the six months ending June 30, 2021, reaching US $1,957,817 due to rising oil and gas prices. The company anticipates further revenue growth due to escalating natural gas prices, expected to rise to US $5.80/MCF from July 2021. During the July 21, 2021 AGM, shareholders approved an increase in authorized shares from 250 million to 400 million and re-elected directors. Additionally, 19 million share purchase warrants were exercised, yielding $2.28 million in proceeds.

Trillion Energy International will present at the Emerging Growth Conference on July 21, 2021, at 1 PM EST. The CEO, Arthur Halleran, will engage with shareholders and investors in a real-time Q&A session. This online conference allows participants to interact directly with the management, providing a platform for sharing insights and addressing investor inquiries. An archived version of the session will be available for those unable to attend live.

Trillion Energy International Inc. (CSE: TCF) (OTC: TCFF) announced the adjournment of its 2021 Annual Meeting of Stockholders to July 21, 2021, due to inadequate shareholder participation. As of the initial meeting on July 7, only 48% of outstanding shares were voted, prompting the need for more time to gather votes and ensure a quorum. Shareholders who did not receive proxy materials are encouraged to contact their brokers or the Company directly for assistance. Trillion Energy has significant assets in Turkey and Bulgaria, including a 49% interest in a major natural gas field.