Where Is Trillion Energy Revolutionizing Oil and Gas Exploration Across Europe and Turkey?

$TCF Where Is Trillion Energy Revolutionizing Oil and Gas Exploration Across Europe and Turkey?

Trillion Energy: Spearheading Innovation in Oil and Gas Exploration

Trillion Energy International, a global oil and gas producer, stands as a beacon in the realm of exploration, production, and distribution of oil and natural gas across Turkey and Europe. Their operational ethos hinges on employing state-of-the-art technology and pioneering practices, all while maintaining a steadfast commitment to sustainable and responsible operations.

Team Excellence and Commitment

The company prides itself on a seasoned team of professionals dedicated to delivering impactful results for stakeholders. The team's approach amalgamates technical prowess with industry best practices, showcasing a relentless pursuit of growth and value generation. Whether through novel project developments or the optimization of existing assets, Trillion remains at the forefront of innovation, striving to enhance stakeholder returns.

SASB Gas Field Development Project

Situated in the South Akçakoca Sub-Basin within the Black Sea, the SASB gas field emerges as a critical domestic supplier amidst Europe's ongoing energy crisis. This ... conventional gas field, operational since 2007, has delivered over 43+ BCF of natural gas to date. Trillion is executing a redevelopment plan, including a robust 21+/- well program initiated in 2022, with a strategic goal to conclude 2024 with six producing wells—five for development and one stratigraphic well.

The licensed block, spanning 12,387 hectares and valid until 2032 (renewable until 2042), maintains a royalty rate of 12.5% and a corporate tax rate of 22.5%. Projected 2023 CAPEX stands at USD$50 million.

Vranino 1-11 Natural Gas Exploration

Trillion’s foray into Bulgaria’s Vranino 1-11 exploration license block, covering 98,205 acres, presents a promising venture with extensive gas-charged coal seams. Boasting over 200 drilled wells in the region, the block holds significant potential for Coalbed Methane (CBM) exploration. The company's 100% interest in this block aligns with regional gas demands and the surge in natural gas prices across Europe due to acute shortages.

Cendere Oil Field

Located in Turkey, the Cendere Oil Field represents a stable, long-term oil production asset. Trillion's 19.6% interest (except for 3 wells with a 9.8% interest) generates substantial monthly cash flow between USD $120,000 to $140,000 after operational expenses. With an estimated remaining reserve of 1.5 million barrels, current production yields an average of 110-120 barrels per day net after operating costs.

Oil Exploration Blocks in Southeast Turkey

Trillion's exploration footprint expands across the Cudi-Gabar oil province in Southeast Turkey, encompassing three prospective oil blocks covering 151,484 hectares. With a 50% working interest earned by funding 100% of work program costs, Trillion is set to operate an ambitious 10-well exploration drilling program from 2023 to 2026. The strategic location surrounded by over 10 major oil discoveries amplifies the potential for significant oil prospects.

Trillion Energy’s multifaceted operations across Turkey and Europe epitomize an unwavering dedication to innovation and responsible resource development. With a diversified portfolio, strategic developments, and an unwavering commitment to industry-leading practices, Trillion positions itself as a frontrunner in the global oil and gas landscape, promising sustained growth and value for stakeholders.

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