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. 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 Inc. announces positive flow test results from the Alapli-2 well and provides an update on future drilling programs at the SASB gas field in Turkiye. The well has 32 metres of total gas pay, 22.7 metres thicker than the offset well. A combined flow rate of 11.9 MMcf/d was obtained. Trillion will focus on field analysis, 3D seismic re-processing, and organizing the next drilling phase to maximize returns. Rig contract negotiations for the 2024 drilling program are underway. The company aims to maximize gas production and build a material cash balance for other ventures.
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Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) has entered a farm-in agreement with Derkim Poliüretan Sanayi ve Ticaret A.S. to earn a 50% working & revenue interest in three oil exploration blocks within the newly defined Cudi-Gabar petroleum province, Southeastern Turkiye. The Cudi-Gabar province is central to an active petroleum system extending up from Iraq and Syria. The Eastern Block, proximate to recent discoveries, is approximately 15 km by 30 km in size and is 12km from the newly discovered Sehit Aybuke Yalcin Oil Field at Mount Gabar. The Sehit Aybuke Yalcin Oil Field currently produces 10,000 barrels of oil per day and is targeted to rise to 100,000 bopd. The Sehit Esma Cevik Oil Field contains a reported 250 million barrels OOIP. The Sehit Esma Cevik Oil Field discovery was announced in December 2022 at which time 5 wells were producing 5,350 bopd.
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The Power Play by The Market Herald has released new interviews with Trillion Energy, Gamelancer Media, and Ridgeline Minerals discussing their latest news. Trillion Energy announced a 40+m gas pay at Alapli 2. Gamelancer Media is preparing for its debut on the Toronto Stock Exchange. Ridgeline Minerals has executed an exploration earn-in agreement with Nevada Gold Mines at the Carlin-East Gold Project.
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Trillion Energy International Inc. announces record revenues for Q1 2023, reaching over USD$6.15m. The company expects further revenue growth in Q2 2023 with the addition of a fifth production well. The gross gas production rate for the SASB field increased to 12.6 MMcfd, resulting in a 559% increase in sales compared to Q1 2022. Net income improved by $4.2 million compared to Q1 2022.
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FAQ
What is the current stock price of Trillion Energy International (TRLEF)?
The current stock price of Trillion Energy International (TRLEF) is $0.0237 as of March 3, 2025.
What is the market cap of Trillion Energy International (TRLEF)?
The market cap of Trillion Energy International (TRLEF) is approximately 6.8M.
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 International