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TRILLION ENERGY INTL INC - TRLEF STOCK NEWS

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Trillion Energy International Inc. is an oil and energy company based in Vancouver, Canada. The company's focus is on increasing reserves through new drillings and optimizing production through artificial lift and tubing size. With a strong commitment to monetizing reserves, Trillion has seen a net reserves value gain despite settling prices. The company's 49% interest in various properties has shown a positive trend in the year-end reserve report for 2023, demonstrating growth and stability in its operations.

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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.

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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.

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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.
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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.
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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.
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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.
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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.
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Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) completes 3D seismic reprocessing for SASB gas field, revealing significant improvements in seismic technology and uncovering new gas prospects. CEO Arthur Halleran expresses excitement over the transformative breakthrough.
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Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) appoints Jay Park KC, a renowned energy lawyer with extensive experience in oil and gas transactions, to its board of directors. The company also announces the resignation and retirement of Dr. Barry Wood, who has contributed to the company with his international geological expertise.
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Trillion Energy International Inc. (TCF) provides an operational update for the SASB gas field, including plans to boost production from existing wells and implement artificial lift solutions to curtail water loading issues. The company is holding a workshop in Ankara, Turkey to discuss the 2024 work program, with the goal of bringing on production from 5 additional wells next year.
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FAQ

What is the current stock price of TRILLION ENERGY INTL (TRLEF)?

The current stock price of TRILLION ENERGY INTL (TRLEF) is $0.0436 as of December 24, 2024.

What is the market cap of TRILLION ENERGY INTL (TRLEF)?

The market cap of TRILLION ENERGY INTL (TRLEF) is approximately 9.7M.

Where is Trillion Energy International Inc. located?

Trillion Energy International Inc. is based in Vancouver, Canada.

What is the primary focus of Trillion Energy International Inc.?

The company's focus is on increasing reserves through new drillings and optimizing production through artificial lift and tubing size.

How has Trillion Energy International Inc. performed in terms of reserves in 2023?

Despite settling prices, Trillion has seen a net reserves value gain and a positive trend in its 49% interest in various properties.

What is the strategy for monetizing reserves at Trillion Energy International Inc.?

Trillion is committed to optimizing production through artificial lift and tubing size to monetize reserves effectively.

Who conducted the evaluation of Trillion Energy International Inc.'s reserves for 2023?

GLJ Ltd., an independent qualified reserves evaluator, evaluated the company's reserves in accordance with industry standards.

When is Trillion Energy International Inc. expected to file additional reserves information?

The company is expected to file additional reserves information on Form 51-101F1 by April 29, 2024.

How can I contact Trillion Energy International Inc. for corporate inquiries?

For corporate inquiries, you can contact Trillion Energy International Inc. at 1-778-819-1585 or via email at info@trillionenergy.com.

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

Visit the company's website at www.trillionenergy.com for more information on their operations and projects.

TRILLION ENERGY INTL INC

OTC:TRLEF

TRLEF Rankings

TRLEF Stock Data

9.67M
156.67M
4.13%
Oil & Gas E&P
Energy
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United States of America
Vancouver