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Trillion Energy International Inc. (TCF.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.10500.0000 (0.00%)
At close: 3:18PM EDT
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Previous Close0.1050
Open0.0000
Bid0.0900 x N/A
Ask0.1050 x N/A
Day's Range0.0000 - 0.0000
52 Week Range
Volume0
Avg. Volume309,168
Market Cap6.718M
Beta (5Y Monthly)3.74
PE Ratio (TTM)N/A
EPS (TTM)-0.0270
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Trillion Energy Comments on Recent TPAO Discovery Announcement in Black Sea and Recent Share Activity
    GlobeNewswire

    Trillion Energy Comments on Recent TPAO Discovery Announcement in Black Sea and Recent Share Activity

    VANCOUVER, British Columbia and ANKARA, Turkey, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTC: TCFF) (Frankfurt: 3P2N) is providing a comment on the recent Turkish Petroleum Corporation (“TPAO”) announcement of a major discovery; and recent share trading activity to confirm the Company has no material undisclosed news. Turkish officials previously announced on August 21, 2020 that the Tuna-1 well drilled by TPAO in the Sakarya Gas Field, the national gas company of Turkey, encountered 100m of pay at TD 3,520 meters*. The August 21, 2020 announcement stated 320 BCM (11 TCF -trillion cubic feet) of natural gas was initially discovered*. They also announced at this time that 1,000 meters was still set to be drilled to assess two additional prospective zones.On October 17th, TPAO announced an increase to size of the Sakarya Gas Field discovered by the Tuna-1 well upon additional drilling stating an additional 30 meters of gas pay was discovered* in the Tuna-1 well within the Miocene zone, adding 85 BCM (3 TCF)* to the discovery size for a total of 405 BCM (14 TCF) in the Sakarya Gas Field to date*. Turkish Officials announced that they believe this discovery in Sakarya Gas Field is a portion of a giant gas field and they will continue to drill to delineate the full extent to the gas resources. TPAO has also announced its plans to drill two further appraisal wells and broaden its exploration area in a new 3D seismic program commencing November 2020.The SASB Gas fields located in shallow water Black Sea to which Trillion holds a 49% interest in are approximately 150km south of the Tuna 1 well. The SASB gas fields were discovered at a depth of approximately 1,200m over a decade ago and have produced approximately 41BCF natural gas to date (100% interest)**. To the Company’s knowledge, the SASB is currently the only producing offshore field in the Black Sea, Turkey.The Sakarya Gas Field discovery suggests the generation of substantial volumes of natural gas from source rocks in this Western region of the Black Sea during the evolution of this sedimentary basin. However, there is no guarantee that additional gas deposits other than what has already been discovered at SASB will be made.Art Halleran CEO commented: “In light of the recent announcement by TPAO in this part of the Black Sea sedimentary basin, we plan to evaluate the geological trends in SASB to identify additional prospects to drill and test for gas. Existing seismic has already identified anomalies warranting reprocessing the seismic where we plan on developing a geological model for deeper potential undiscovered reservoirs on SASB. Our existing license rights extend deeper into the SASB field than what we have drilled to date.”The South Akcakoca Sub- Basin or (“SASB”) gas field is one of the Black Sea’s first natural gas development projects. Gas is sold at a substantial premium to European and North American markets. SASB Project Webpage: https://trillionenergy.com/projects/sasb-gas-field/About the CompanyTrillion Energy is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest scale natural gas development projects; a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; a 100% interest in 42,833 hectares of an oil exploration block covering the northern extension of the prolific Zagros Basin; and in Bulgaria, the Vranino 1-11 block, an unconventional natural gas property.The Company’s NI 51-101 and other reports relating to its reserves as at December 31, 2019 are filed on www.sec.gov, www.sedar.com, www.thecse.com, as well as the Company’s website.For further information, please see our website: www.trillionenergy.com or email us: info@trillionenergy.comContact Art Halleran: 1-250-996-4211 Corporate offices: 1-778-819-1585 e-mail: info@trillionenergy.com Website: www.trillionenergy.com Cautionary Statement Regarding Forward-Looking Statements and other information about this news release and the Company reservesThe accuracy of any resources estimate is a function of the quality and quantity of available data and of engineering interpretation and judgement. While resources estimates presented herein are considered reasonable, the estimates should be accepted with the understanding that reservoirs performance subsequent to the date of the estimate may justify revision, either upward or downward.Revenue projections presented in this report are based in part on forecasts of market prices, currency exchange rates, inflation, market demand and government policy which are subject to many uncertainties and may, in future, differ materially from the forecasts utilized herein. Present values of revenues documented in this report do not necessarily represent the fair market value of the resources evaluated herein.This release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Company’s business and prospects, as well as management’s beliefs, and certain assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The Company undertakes no obligation to publicly revise or update any forward-looking statements for any reason. These statements include, but are not limited to, statements about the Company’s prospectus listing on the Canadian Securities Exchange, the potential impact on the market for its securities, expansion and business strategies, anticipated growth opportunities, and the amount of fundraising necessary to achieve the foregoing. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings, including the most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q, 8-K. For a full summary of our oil and gas reserves information, please refer to our Forms F-1,2,3 51-101 filed on www.sedar.com, and or request a copy of our reserves report effective December 31, 2019. *Estimates of volumes of gas discovered in the Tuna-1 well and on the Sakarya Gas Field have not been assessed by an independent, qualified reserves evaluator in accordance with the COGE Handbook. The accuracy of such information has not been verified by the Company and is cited from a news releases issued by TPAO October 17 2020. At this time, it is not known what percentage of the stated gas volumes will be produced, in any and to what extent SASB has similar volumes. ** see: Our NI 51-101, 2019 year-end reserve report

  • GlobeNewswire

    Trillion Announces Second Tranche Closing of Private Placement

    VANCOUVER, British Columbia and ANKARA, Turkey, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (the "Corporation") (CSE:TCF; OTC:TCFF; Frankfurt:3P2N) is pleased to announce that it has closed a second tranche of the non-brokered private placement financing for aggregate gross proceeds of $216,080 (the "Offering"). Under the Offering, the Corporation issued an aggregate of 3,601,333 units ("Units"), at a price of $0.06 per Unit. Each Unit was comprised of one common share in the capital of the Corporation (each a "Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.12 for a period of 24 months from the closing date.Pursuant to the Offering, the Corporation paid a cash commission to a qualified non-related parties of $8,888 and issued 149,200 broker warrants entitling the holders to acquire one common share at a price of $0.12 per Common Share for a period of two years from the date of issuance.The securities issued in connection with the Offering will be subject to, inter alia, a 4 month hold period in accordance with applicable securities laws in Canada. Additional hold periods may apply in accordance with US securities laws.About the CorporationTrillion Energy is a Canadian based natural gas and oil producer focused on international market with several oil and gas assets in Turkey and Bulgaria. The Company is a 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest natural gas development projects, which has had USD $608 million invested to date and has produced 41 Billion Cubic Feet “BCF” of natural gas. Gas produced at SASB is sold at favorable prices of between US $5/MCF and US $7.80/MCF - a substantial premium to European and North American markets. Trillion’s portfolio of Oil & Gas assets also includes: a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; a 100% interest in 42,833 hectares oil exploration block covering the northern extension of the prolific Iraq/ Zagros Basin; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property.For aerial video footage of the Corporation's petroleum field infrastructure, please see our website: www.trillionenergy.com. For further information, please see our website: www.trillionenergy.com or email us: info@trillionenergy.com or call Arthur Halleran, CEO, +1-250-996-4211.Cautionary Statement Regarding Forward-Looking StatementsThis release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Corporation's business and prospects, as well as management’s beliefs, and certain assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The Corporation undertakes no obligation to publicly revise or update any forward-looking statements for any reason, except as required under applicable securities laws. Readers are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Corporation's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, the potential impact on the market for its securities, expansion and business strategies, anticipated growth opportunities, equity market conditions including without limitation, the impact of the COVID-19 pandemic, general economic, market or business conditions, the amount of fundraising necessary to perform on its business objectives, fluctuations to gas prices from SASB, unforeseen securities regulatory challenges, operational and geological risks, the ability of the Corporation to raise necessary funds for exploration, the outcome of commercial negotiations, changes in technical or operating conditions, the cost of extracting gas and oil may be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Corporation's Securities and Exchange Commission filings and those risks set out in the Corporation's public documents filed on SEDAR, including the most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.The CSE does not accept responsibility for the adequacy or accuracy of this release.

  • GlobeNewswire

    Trillion Energy Provides Comments on Potential Super Giant Gas Field Discovery Proximate to SASB Gas Field and Announces Plans to Evaluate Deeper Zones of SASB to Identify New Prospects

    Between 9 and 26 TCF Estimated Discovery Just North of Trillion’s SASB Gas Field, TurkeyVANCOUVER, British Columbia and ANKARA, Turkey, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTC: TCFF) (Frankfurt: 3P2N) is pleased to comment on a recent discovery made proximate to its offshore South Akcakoca Sub- Basin (“SASB”) gas field  in Turkey, the Tuna-1 gas field, which is estimated to be the largest natural gas discovery in the Black Sea to date and potentially one of the largest in Europe in recent history. The new Tuna-1 gas discovery (total depth 3,500 metres) opens new possibilities for exploration of deeper horizons on the SASB Gas Field. President & CEO, Dr. Art Halleran comments: “In light of the recent discovery by our partner TPAO and their proof of massive volumes of natural gas generation from source rocks in the Western Black Sea sedimentary basin the same basin SASB is contained within, we plan to evaluate the geological trends in deeper zones of SASB to identify prospects to drill and test for gas. Seismic has already identified anomalies warranting further assessment where we plan on developing a geological model for potential undiscovered deep gas. Our license rights extend deeper into the SASB Field than what we have ever drilled to date.”The discovery was made by the Turkish national petroleum company (“TPAO”) in the western portion of the Black Sea, and was formally announced by Turkish government officials on August 21, 2020.The Tuna-1 well was drilled with total well depth planned of 4,525 metres where 100 metres of pay was encountered at a total depth of 3,520 meters. It is expected that an additional 1,000 meters will be drilled to assess two additional structures.Turkish officials estimated 9 TCF based on the current drilling, with area (250 km2), thickness (500 metres), where log and test results were calculated for 11 TCF of reserves. Turkish officials announced they believe this discovery is a portion of a giant gas field and they will continue to drill to delineate the full extent to the gas field.  Certain media reports cite an expected 26 trillion cubic feet or 800 billion cubic metres gas.(1)Currently, almost all Turkish gas blocks in the Black Sea are solely owned by TPAO, with the exception of the SASB gas field which is owned 49% by Trillion Energy, with TPAO owning the remaining 51%. Trillion’s SASB gas field license area is approximately 100 km south of the Tuna-1 well.Historically, US$608 million has been invested to date for the development of the SASB fields, where gas was discovered at about 1,200 metres depth over a decade ago. SASB has currently produced over 41 BCF of natural gas to date.About the CompanyTrillion Energy is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest scale natural gas development projects; a 19.6% (except three wells with 9.8%) interest in the Cendere oil field;  a 100% interest in 42,833 hectares oil exploration block covering the northern extension of the prolific Iraq/ Zagros Basin; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. The Company’s NI 51-101 and other reports relating to its reserves as at December 31, 2019 are filed on www.sec.gov , www.sedar.com,  www.thecse.com.   Contact Investor Relations: 1-604-618-1768 Art Halleran CEO: 1-250-996-4211 e-mail: info@trillionenergy.com Website: www.trillionenergy.comCautionary Statement Regarding Forward-Looking Statements and other information about this news release and the Company reservesThe accuracy of any resources estimate is a function of the quality and quantity of available data and of engineering interpretation and judgement. While resources estimates presented herein are considered reasonable, the estimates should be accepted with the understanding that reservoirs performance subsequent to the date of the estimate may justify revision, either upward or downward.Revenue projections presented in this report are based in part on forecasts of market prices, currency exchange rates, inflation, market demand and government policy which are subject to many uncertainties and may, in future, differ materially from the forecasts utilized herein. Present values of revenues documented in this report do not necessarily represent the fair market value of the resources evaluated herein.This release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Company’s business and prospects, as well as management’s beliefs, and certain assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The Company undertakes no obligation to publicly revise or update any forward-looking statements for any reason. These statements include, but are not limited to, statements about the Company’s prospectus listing on the Canadian Securities Exchange, the potential impact on the market for its securities, expansion and business strategies, anticipated growth opportunities, and the amount of fundraising necessary to achieve the foregoing. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings, including the most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q, 8-K. For a full summary of our oil and gas reserves information, please refer to our Forms F-1,2,3 51-101 filed on www.sedar.com, and or request a copy of our reserves report effective December 31, 2019.1 https://www.oedigital.com/news/481113-turkey-makes-significant-black-sea-gas-find