Trillion Energy International Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Arthur Alvin Halleran (Ph.D., Geology)
- Full Time Employees
- 11
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Turan Gunes Bulvari, Park Oran Ofis Plz Ankara Türkiye V6C 0A6
- IPO Date
- Jul 3, 2019
- CIK
- 0001648636
- Website
- trillionenergy.com
- Similar Companies
- Business
- Trillion Energy International Inc. is a Canada-based oil and gas exploration and production company focused on natural gas development and oil exploration primarily in Turkiye. The company holds a 49% interest in the South Akcakoca Sub-Basin (SASB) natural gas field in the Black Sea, which features four offshore platforms, pipelines, and a gas plant with proven reserves valued at USD $421 million (NPV10) and original gas in place of 323 billion cubic feet; a 19.6% interest (9.8% in three wells) in the Cendere oil field; 100% interests in six license blocks covering the Silivri, Yildiz, Koseköy, and F3-F4 fields in Turkey's Thrace Basin; a prospective unconventional natural gas property at the Vranino 1-11 block in Bulgaria; and a farm-in agreement for a potential 50% working interest in three exploration blocks in southeast Turkiye's Cudi-Gabar province surrounded by major oil discoveries. Operations span Turkiye and Bulgaria, with gas from assets such as the Silivri-1 well delivered into the Turkish national grid under long-term offtake agreements, targeting utility customers in Europe and Turkey. Founded in 2015 and headquartered in Vancouver, British Columbia, with an operational office in Ankara, Turkiye, the company trades on the CSE (TCF), OTCQB (TRLEF), and Frankfurt (Z62). Recent developments include a September 2022 commencement of a six-well drilling program at SASB with 10 additional targets identified, ongoing velocity string completions and nitrogen stimulation on wells like Bayhanli-2, Alapli-2, Akcakoca-3, and South Akcakoca-2 to boost production and reduce water loading, a July 2023 farm-in to Cudi-Gabar blocks with 351 kilometers of 2D seismic and drilling plans, production increases of 300% from 2022 to 2023, Phase B development at SASB targeting 2024/25 re-entries and sidetracks, June 2024 closings of non-brokered private placements for funding, and November 2025 debt settlements via share issuances.
Comparing PEDEVCO (NYSE:PED) and Trillion Energy International (OTCMKTS:TCFF)
Trillion Energy International begins 3D seismic reprocessing project at SASB natural gas field
Trillion Energy says it's moving closer to bringing SASB field into production this year as energy markets strengthen
Trillion Energy redomiciles successfully from Delaware to British Columbia corporation
Trillion Energy International says ‘trifecta of circumstances' driving natural prices sharply higher
Trillion Energy International sees “significant” increase in SASB Gas field's NPV on rising commodity prices
Trillion Energy International is quickly becoming an energy powerhouse in Eastern Europe
Trillion Energy International swings to $5.4M profit in 3Q as higher commodity prices boost performance at European oil and gas operations
Trillion Energy International announces upcoming shareholder vote to move company to Canada
Trillion Announces Closing of Debt Settlement
Trillion Energy International unveils plan to redomicile from Delaware, USA, to British Columbia, Canada
Trillion Energy Corporate Update And Mid-Year Results
Trillion Energy presenting at Emerging Growth Conference on July 21, 2021
Trillion Energy says it is benefitting from rising petroleum prices
TRILLION ENERGY benefits from rising petroleum prices
Trillion Energy kicks off SASB gas development project in the Black Sea
Trillion Energy Starts the SASB Gas Development Project
Trillion to present at the Emerging Growth Conference on June 9, 2021
CORRECTING and REPLACING -- Trillion Energy Signs Letter of Intent for USD $17.5 Million in Debt and Royalty Financing
Trillion Energy signs LOI with US investment fund to obtain up to US$17.5M in new financing