Welcome to our dedicated page for Trillion Energy International news (Ticker: TRLEF), a resource for investors and traders seeking the latest updates and insights on Trillion Energy International stock.
Trillion Energy International Inc. (OTCQB: TRLEF) generates a steady stream of news centered on its oil and natural gas production activities for Europe and Türkiye. The company’s updates highlight operational work at its SASB offshore gas project in the Black Sea and its interests in the Cendere oil field, giving investors and observers insight into how it manages and develops its energy assets in Türkiye.
Recent news releases describe operational updates at the SASB gas field, including the installation of velocity string tubing in multiple wells on the Akcakoca platform and tripod-based wells such as Alapli-2 and Bayhanli-2. These reports detail the use of nitrogen injection, gas lift compressor systems, and artificial lift solutions like Progressive Cavity Pumps and slim-hole Electric Submersible Pumps, all aimed at mitigating water loading and supporting long-term gas production.
Trillion’s news flow also covers capital markets and corporate actions, such as extensions to the maturity date of its 12.0% convertible debentures, and shares-for-debt settlements with directors, officers, consultants, and other creditors. Some of these transactions are characterized as related-party transactions under Multilateral Instrument 61-101, with the company explaining the regulatory framework it relies on.
Corporate governance developments appear in the news as well, including the retirement of the CEO, the appointment of an interim Chief Executive Officer and Chairman, and additional management appointments. Together, these items provide context on how Trillion Energy is organizing its leadership and financial structure while advancing its oil and gas projects. Investors tracking TRLEF news can use this page to follow operational milestones, financing developments, and management changes over time.
Trillion Energy (OTCQB: TRLEF) agreed to sell all shares of Park Place Energy Turkiye, transferring licence interests in the South Akcakoca Sub‑Basin and Cendere oil field to a purchaser.
The deal moves approximately USD $20 million of PPET liabilities to the buyer and preserves a 7% gross overriding royalty (GORR) on future production revenues. The GORR activates after cumulative gross revenues from the licences exceed USD $7.5 million and crystallizes on any future licence disposition, requiring valuation and payment of 7% of the gross disposition value.
Trillion Energy (OTCQB: TRLEF) provided a corporate update and held its Annual General Meeting on March 31, 2026.
The company holds a 49% working interest in the South Akcakoca Sub-Basin (SASB) and is seeking buyers for that interest. Trillion signed an agreement to earn 29% of the M47 Block in SE Türkiye for a total investment of US$15 million, with funding tranches of US$9.5M (2026) and US$5.5M (2027). The M47 work program totals ~US$35M (US$18M spent to date); Trillion will fund 80% of the next two wells and seismic costs before reverting to pro rata cost share. Previous farm-ins on M47, M46C and M46D were cancelled. The company is pursuing additional regional oil and gas opportunities.
Trillion Energy (OTCQB: TRLEF) reached a debenture settlement framework via a Fourth Supplemental Indenture dated March 20, 2026. The company owes CAD$16,379,828.49 as of Jan 31, 2026 (principal CAD$14,999,000 + interest CAD$1,380,828.49) plus further interest to March 20, 2026.
Subject to completing a brokered prospectus financing of at least CAD$10,000,000 by September 30, 2026, debenture holders will convert CAD$11,000,000 into equity at the Financing price and forgive ~CAD$5.37 million of the Amount Due; otherwise the indenture terminates and the Amount Due becomes immediately payable.
Trillion Energy (OTCQB: TRLEF) proposes a debt-for-equity settlement issuing 3,572,376 common shares at $0.035 per share to settle $125,033.16 of debt owed to various consultants. The issued shares will be subject to a four-month-and-one-day hold period from issuance under Canadian securities rules. The transaction converts short-term liabilities to equity and preserves cash while increasing the company's share count.
Trillion Energy (OTCQB: TRLEF) has announced two significant updates to its financial arrangements. First, the company has secured approval from debenture holders to extend the maturity date of its $15 million convertible debentures from July 31, 2025, to October 31, 2025. The debentures will continue to bear a 12% annual interest rate payable in cash.
Additionally, the company has completed a shares-for-debt settlement, issuing 7,725,908 common shares at $0.05 per share to settle $386,295.42 in debt owed to directors, officers, and consultants. Of these, 3,900,000 shares were issued to company insiders for management services.
Trillion Energy (TRLEF) has provided an operational update for its SASB offshore gas project in Turkey. The company successfully installed new velocity string tubing in two tripod-based wells (Alapli-2 and Bayhanli-2) in January 2025, following similar installations in four wells on the Akcakoca platform in fall 2024.
The wells responded positively to nitrogen injection operations, demonstrating successful water reduction and improved performance. To enhance long-term production rates, Trillion has implemented several artificial lift techniques:
- Secured a gas lift compressor system for the Akcakoca platform, with testing scheduled for March 24, 2025
- Planning high pressure nitrogen injection post-compressor installation
- Implementing pump solutions including one Progressive Cavity Pump (PCP) and two slim-hole Electric Submersible Pumps (ESPs)
Trillion Energy International (OTCQB: TRLEF) has announced a debt settlement through the issuance of 3,516,493 common shares, valued at $204,436.07. The settlement includes payment to directors, officers, and consultants.
Of the total shares, 1,209,413 common shares were issued specifically for 2024 directors fees and management services from directors and an officer. This insider settlement qualifies as a related-party transaction under MI 61-101, though the company has received exemptions from formal valuation and minority shareholder approval requirements as the fair market value does not exceed 25% of the company's market capitalization.
Trillion Energy has provided an operational update for its SASB offshore gas project in Turkey. The company completed installation of new velocity string tubing in two wells (Alapli-2 and Bayhanli-2) during January 2025, following similar installations in four wells on the Akcakoca platform in fall 2024. While both tripod wells initially showed positive response, stable long-term flow rates haven't been maintained.
The company continues nitrogen injections to stimulate production, though operations faced delays due to winter weather. Plans are underway to stimulate Akcakoca-3 and South Akcakoca-2 wells using nitrogen. Additionally, Trillion has sourced a gas lift compressor system for the Akcakoca platform and plans to install a Progressive Cavity Pump and two slim-hole Electric Submersible Pumps to enhance production in the coming months.
Trillion Energy (OTCQB: TRLEF) has announced the successful installation of 2 3/8" velocity string tubing into the Alapli-2 natural gas well, marking a significant advancement in enhancing long-term gas production at the SASB field. The company's next step involves relocating the snubbing unit via crane barge to the East Ayazli tripod, where they plan to install 2,888 meters of 2 3/8" VS tubing into the Bayhanli-2 well. This phase is expected to be completed within 7 days, weather permitting. Following the completion of Bayhanli-2, the company will initiate nitrogen stimulation activities in both wells to optimize performance and enhance production levels.
Trillion Energy International announces significant management changes, including the retirement of CEO Arthur Halleran effective December 27, 2024. Sean Stofer, appointed as Chairman of the Board and interim CEO, brings over 20 years of energy industry experience and will lead the company while a search for a permanent CEO is conducted.
The company has also appointed Burak Tolga Terzi as Vice President and Deputy General Manager, bringing 17 years of management experience from companies like Valeura Energy and SOCAR AQS. Additionally, Scott Lower CPA has been named President, having previously served in a consulting role.
Trillion plans to establish an advisory board of industry veterans and aims to add two more directors in Q1 2025. The new leadership will focus on increasing production from existing assets and pursuing strategic acquisitions to enhance shareholder value.