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. (TRLEF) operates as an innovative force in natural gas production, leveraging advanced techniques like velocity string tubing and snubbing technology to optimize well performance. This dedicated news hub provides investors and industry observers with timely updates on operational milestones, financial disclosures, and technical advancements.
Access comprehensive coverage of TRLEF's workover programs in regions including the Black Sea and Southeastern Turkey, along with strategic initiatives addressing production challenges and reservoir management. The page consolidates press releases on earnings reports, asset developments, and technology implementations that drive the company's cost-efficient operations.
Key updates include details on production optimization strategies, artificial lift system deployments, and progress in managing water loading challenges through specialized tubing installations. Stakeholders can track how TRLEF's focus on operational efficiency translates to sustained performance in competitive energy markets.
Bookmark this page for direct access to primary source materials about TRLEF's technical innovations and market positioning. Regularly updated content ensures informed decision-making for those monitoring oil and gas sector developments.
Trillion Energy International has elected to accelerate the expiry of its March 2021 Warrants due to the company's share price closing above CAD$0.15 for 10 consecutive trading days. As of October 21, 2022, the expiry date for remaining unexercised warrants is set to November 21, 2022. A total of 12,025,997 warrants remain unexercised, with different exercise prices: CAD$0.10, CAD$0.12, US$0.08, and US$0.16. The company focuses on oil and gas production in Turkey and Bulgaria, notably holding significant interests in the SASB field and Cendere oil field.
Trillion Energy International Inc. has successfully drilled the South Akcakoca 2 well to a depth of 2,826 meters, identifying numerous potential gas zones. This well is part of the company’s multi-well program in the SASB gas field, Black Sea, Turkiye, where preliminary logging indicates 32.0 meters of potential gas pay across five sands. The production casing has been set, and further testing will determine gas production rates. CEO Arthur Halleran expressed satisfaction with the project, highlighting that it was completed on budget and supports the geological model.
Trillion Energy International Inc. (CSE: TCF, OTCQB: TRLEF) is progressing with its multi-well development program at the SASB Natural Gas Field in Turkiye. The company is fully funded for the initial seven wells, with production expected to start in November. This new supply is crucial for Europe due to reduced gas availability from major suppliers like Nord Stream and Groningen. Trillion's infrastructure is not reliant on these troubled transport systems, positioning it to deliver natural gas amidst rising demand and pricing over $30/mcf.
Trillion Energy International has initiated a multi-well drilling program at the SASB natural gas field following the arrival of the Uranus Rig. This program includes drilling three new directional wells and recompleting one existing well, with operations expected to finish within six months. The company anticipates that first gas production will commence in early November 2022, with gas sold under an existing contract at significant prices. The ongoing program aims to address natural gas shortages in Europe and Turkiye, with plans for a total of 17 wells to be drilled.
Trillion Energy International announced updates on the Uranus Rig mobilization to the SASB gas field. The rig is scheduled to depart on September 8 and arrive on September 11. CEO Arthur Halleran highlighted that the rig's maintenance is on schedule and anticipates gas production to commence by late October. Current gas prices stand at US$30.68/mcf, likely to rise due to reduced supply from Russia. The company's multi-well program aims to address natural gas shortages in Europe and Turkey amidst expected high demand this winter.
Trillion Energy International announced a significant price increase for natural gas from its SASB gas field, now at USD $30.68/Mcf effective September 1, 2022. This marks a 47% increase from August and a 350% surge since 2021. The rise is attributed to a supply squeeze from various regional factors, including the Nord Stream pipeline shutdown and geopolitical tensions. As Turkey's economy grows by 7.6%, Trillion aims to leverage these prices to enhance the economics of its upcoming drilling program, with seven new wells set to commence soon.
Trillion Energy International has provided an update on the mobilization of its Uranus rig to the SASB gas field. Inspectors found deficiencies in the top drive and ballast tank, necessitating repairs for worker safety, expected to conclude this week. The rig will then be positioned at the Akcakoca offshore platform, with the first well spud planned within three days of arrival. This multi-well natural gas development program is timely as Europe and Turkey face acute gas shortages, driving prices to record highs.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) announced the preparation of the Uranus drilling rig for its multi-well drilling program at the SASB natural gas field in the Black Sea, with the rig expected to arrive on August 29, 2022. The program includes seven production wells to address natural gas shortages in Europe and Turkey. Final inspections are set for August 26, and drilling is anticipated to begin around September 1, 2022. CEO Arthur Halleran emphasized the significance of this project amid rising natural gas prices.
Trillion Energy International has announced key executive appointments, enhancing its leadership team as it approaches drilling at the SASB gas field. Sean Stofer joins as an independent director, bringing over 20 years of renewable energy experience. Ozge Karalli is promoted to Chief Financial Officer after 18 years with the company, replacing David Thompson, who remains a director. Renata Kubicek is appointed Corporate Secretary, with extensive expertise in corporate governance. All appointments are subject to regulatory approval, as stated by CEO Arthur Halleran.
Trillion Energy International announces the release of the Uranus drilling rig for its upcoming 7-well drilling program at the SASB gas field. The rig is undergoing certification and maintenance before heading to the site in August. Owned by Grup Servicii Petroliere SA, the Uranus can operate in water depths of up to 100 meters. CEO Arthur Halleran expressed enthusiasm for the imminent drilling results, marking a significant milestone for the company, which holds a 49% interest in the SASB field among its various assets in Turkey and Bulgaria.
