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Trillion Energy International Inc. (CSE: TCF) is a company focused on oil and natural gas production in Europe and Turkey with assets in Turkey. Trillion is the 49% owner of the SASB natural gas field, one of the largest natural gas development projects in the Black Sea, and holds a 19.6% interest in the Cendere oil field. Additionally, the company has a 50% interest in three high-impact oil exploration blocks in Southeast Turkey. Trillion intends to use the proceeds from the offering to fund its capital program for 2023-2024, pay certain accounts payable related to drilling at SASB, and support general working capital needs. The company's amended and restated preliminary short form prospectus will be available on SEDAR+ at www.sedarplus.ca. For more information, visit www.sedar.com and the company's official website.

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Trillion Energy International Inc. (CSE: TCF) (OTC: TCFF) announces significant price increases for oil and natural gas produced in Turkey, positively impacting its revenues. Effective July 1, 2021, natural gas prices rose 20% to nearly $6/MCF, returning to pre-COVID levels. The company also reports an increase in oil prices, now at $74/bbl for production from its Cendere oil field, up 19.5% from the year-to-date average. Net backs have improved by 21% to approximately $45/bbl. These changes are expected to enhance cash flows and support Trillion's upcoming drilling program at the SASB gas field.

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Trillion Energy International has commenced drilling preparations for two gas wells in the SASB development project, with spudding expected in Q4 2021. The company is triggering warrant acceleration to raise additional funds, with a deadline for warrant exercise set for August 6, 2021. Trillion currently holds approximately CAD $1 million in cash and has reported gross revenue of US $1,358,577 from the Cendere oil field in 2021, projecting over US $3 million for the year. Total cost for the Saturn Project is estimated at US $9 million, with the drilling duration predicted to exceed two months.

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Trillion Energy International is set to participate in the Emerging Growth Conference on June 9, 2021, presenting for 30 minutes starting at 1 PM EST. CEO Arthur Halleran will engage with investors during this live, interactive event, allowing for real-time questions. Those unable to attend can access an archived webcast post-event. The Emerging Growth Conference focuses on showcasing undervalued companies to potential investors, featuring multiple companies every other week.

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Trillion Energy International has signed a letter of intent for financing of up to USD $17.5 million to fund new gas well production on the SASB natural gas field in the Black Sea. The financing includes a royalty sale generating USD $4.5 million and a convertible debt facility of USD $13.5 million at an interest of 13%. CEO Arthur Halleran stated that this financing aims to enhance revenue while minimizing shareholder dilution. The deal is contingent on satisfactory due diligence and documentation.

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Trillion Energy International Inc. has engaged Oil and Gas Hunter to perform geophysical assessments aimed at exploring additional gas resources surrounding its SASB Gas field in Turkey. This initiative seeks to enhance drilling targets and identify new gas prospects in the contiguous blocks. CEO Art Halleran expressed confidence that the analysis will yield new exploration targets and confirm existing drilling sites for their 2021 drilling program. Trillion owns a significant stake in the SASB field and various assets in Turkey and Bulgaria, expanding its footprint in the oil and gas sector.

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Trillion Energy International reported promising reserve assessments for its SASB gas fields and Cendere oil field, as evaluated by GLJ Consultants. The company estimates an NPV10 of $207 million for 2P reserves, adjusting GLJ's conservative recovery factor, and $359.7 million for 3P reserves. The combined NPV10 for SASB reserves and unrisked prospects stands at $445.5 million to $820.5 million. Trillion plans further assessments for unassessed gas prospects and anticipates announcing a production timeline within 30 days.

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Trillion Energy International (CSE: TCF, OTC: TCFF) plans to expand its offshore gas exploration area at the SASB Gas field by approximately 200,000 hectares, a 16-fold increase from the current size of 12,385 hectares. This expansion is driven by recent discoveries of 405 BCM (14 TCF) of natural gas by TPAO within proximity, indicating significant gas potential in the area. A US$40,000 technical study under a permit will analyze existing seismic data and new exploration targets.

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Trillion Energy International Inc. (CSE: TCF, OTC: TCFF) announced successful re-completions in the Cendere oil field, boosting production significantly. The Cendere 13 well increased daily gross production from 245 to 714 bopd, while the Cendere 23 well rose from 70 to 100 bopd. With oil prices exceeding $63/bbl, revenues are expected to surpass previous levels. Despite a drop in revenues to $1.7 million for FYE 2020, the company anticipates strong financial performance due to increased production and favorable market conditions.

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Trillion Energy International (CSE: TCF, OTC: TCFF) will present at the Emerging Growth Conference on February 17, 2021. This live online event allows investors to interact with the Company's CEO, Arthur Halleran, in real time. Attendees can register to join the conference and submit questions for Mr. Halleran to address. For those unable to attend live, an archived webcast will be available afterward. The conference aims to highlight undervalued companies, showcasing multiple companies bi-weekly.

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FAQ

What is Trillion Energy International Inc. focused on?

Trillion is focused on oil and natural gas production in Europe and Turkey.

What are some of Trillion's key assets?

Trillion is the 49% owner of the SASB natural gas field and holds a 19.6% interest in the Cendere oil field.

How does Trillion plan to use the proceeds from the offering?

Trillion intends to use the net proceeds to fund its 2023-2024 capital program, pay certain accounts payable related to drilling at SASB, and support general working capital needs.

Where can I find more information about Trillion Energy International Inc.?

For more information, visit www.sedar.com and the company's official website.

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168.97M
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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Turkey
180 Y Daire 54 Kat 16 Oran Cankaya