Trillion Energy International Inc. - TRLED STOCK NEWS

Trillion Energy International (CSE: TCF, OTCQB: TRLEF) has provided an update on flow rates and well perforations at the SASB gas field. Key highlights include:

- South Akcakoca-2: Stabilized well head pressure (WHP) at 371 psi, producing 1.94 MMcf/d using a 42/64" choke.
- Guluc-2: Currently producing 3.35 MMcf/d with a WHP of 484 psi using a 32/64" choke.
- West Akcakoca-1: Two of five zones perforated, showing promising WHP increase from 1150 psi to 1350 psi.
- Akcakoca-3: Perforated over 11 metres of gas pay, expecting 2 MMcf/d production upon velocity string installation.

The company anticipates improved results as remaining zones are perforated and production equipment is installed.

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) has announced successful gas perforations at the SASB gas field. The South Akcakoca-2 well showed significant improvement, with flow rates increasing from 0.70 MMcf/d on July 10th to 2.88 MMcf/d by July 15th. Well hole pressure also rose from 86 psi to 318 psi.

The Guluc-2 well was perforated across multiple intervals, resulting in an increase in well hole pressure from 650 psi to 1098 psi. The West Akcakoca-1 well perforation is ongoing, with Akcakoca-3 scheduled next. CEO Arthur Halleran expressed optimism about the reservoirs' potential once water loading is removed. The company plans to install smaller production tubing to extend the wells' productive life.

Trillion Energy International has begun operations at the SASB Gas Field in Turkey. The work program, set to last two months, will involve seven or eight wells, including six drilled last year and older wells with water loading issues. Approximately 16,500 meters of velocity strings and other equipment have been ordered, with deliveries ongoing.

June operations will focus on perforating four wells and installing velocity strings in the AKK-3 well. July operations will install velocity strings in six more wells and potentially pumps in older wells. The company also announced a private placement to raise up to $1.35 million through the issuance of 15 million units at $0.09 per unit, with proceeds aimed at enhancing well performance and long-term production stability.

Trillion Energy International Inc. announced its financial results for the year ended December 31, 2023, highlighting two successful financings totaling CAD $25.8 million. The company also reported completion of a drilling program, consolidation of shares, and exploration agreements. Trillion's 2023 activities aimed at optimizing production, reducing downtime, and increasing gas reserves for stable cash flow. The company is mapping new exploration targets and intends to drill new wells in the Cudi-Gabar region. Financially, Trillion reported revenue of $16.8 million for 2023, with a net loss of $10.1 million.

Trillion Energy International Inc. announces an increase in total proved plus probable reserves to 55.75 Bcf of gas and 240 Mbbl oil with a NPV10% of US $420.5 million. The company's net reserves value gain has risen despite a decrease in oil reserves, showing a commitment to monetizing reserves through optimization. Dr. Arthur Halleran, CEO, highlights the successful new drillings in 2023 and the potential for further monetization in the near future.

Trillion Energy International Inc. announces the commencement of the SASB gas field revitalization project, with a focus on perforating new gas pay in multiple wells using velocity strings. The shift in project start date was due to the need for the correct solution. The company aims to optimize gas production efficiently and cost-effectively.

Trillion Energy International Inc. announces the issuance of 3,180,000 common shares at $0.20 per share in settlement of a debt owed to its Chief Executive Officer and two directors, considered a related-party transaction. The CEO expresses confidence in the company's future by converting past compensation into shares.

Trillion Energy International Inc. announces the appointment of Al Thorsen as Chief Operating Officer. Thorsen will be responsible for production operations of the SASB gas field in Turkey and future drilling activities. With a proven track record in expanding and leading domestic and international operations, Thorsen brings a wealth of experience in the energy industry. His extensive artificial lift and gas production expertise is expected to improve operational effectiveness and accelerate production at the SASB gas field.

Trillion Energy International Inc. provides an operational update and reiterates its production guidance for the SASB gas field. The company aims to complete five new wells and one recompletion with production guidance of 7,547 mcf/d before royalties for the 2024 year. The program execution is expected to occur over the next few months, with additional wells being fitted with pumps for increased production. The company is committed to transparency and operational excellence, seeking to monetize the gas reserves for sale.