Trillion Energy Initiates Velocity String Program

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VANCOUVER, British Columbia, October 04, 2024 (GLOBE NEWSWIRE) – Trillion International Energy Company ((Trillion“or “a company(CSE:TCF) (OTCQB:TRLEF) (Frankfurt:Z62) is pleased to announce that it is preparing for SASB gas field operations with the installation of Velocity Chains (VS) at this time.

On September 30th^yIn 2024, after the company reached an agreement with its partner in the authority on the technical aspects of the program, it was assigned to operate this program.

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The company was then able to sign a service agreement with snub provider “Snub Co” to install speed chains. Mobilization of the repellent unit currently in Romania has begun. The process aims to increase or stabilize production rates in producing wells, by reducing water loading.

Akcakoca-3 and South Akcakoca-2 are currently averaging 2.55 MMcf/d and 2.3 MMcf/d over the past 30 days. The other two directly drilled wells, Golok-2 and West Akakuka-1, produced only intermittently due to water loading. Even so, Golok-2’s production has averaged 1.7 million cubic feet per day over the past two months.

Arthur Halleran, CEO of Trillion, said:

“Initially it was assumed that VS could only be operated using a drilling rig, however, we are now convinced that all repulsion units can accomplish this activity. This has been a giant step forward. This strategic move underscores our commitment to maximizing shareholder value by Operational excellence and innovative solutions in the dynamic European energy market.

Oil Block Modernization – The Company continued to work on the completion of the farm to gain a working and revenue share in the M46 and M47 oil exploration blocks within the Cudi Cepar Oil Province, southeastern Turkey (the “Oil Blocks”). The company commenced seismic survey work in 2023 on oil blocks planned for four exploration wells in 2024, however, these wells have not been drilled as the company has focused on the well maintenance program at SASB. As a result, the area license holder secured a third party to drill two wells in the oil blocks and waived a 20% interest. As such, the first two wells will not be drilled by Trillion, and Trillion is committed to taking a stake in the oil blocks subject to financing and finalizing the terms of participation.

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About the company

Trillion Energy International Inc focuses on oil and natural gas production for Europe and Turkey with natural gas assets in Türkiye. The company owns 49% of the SASB natural gas field, the Black Sea natural gas development, and 19.6% (excluding three wells of 9.8%) in the Cendere oil field. More information can be found at www.sedar.comAnd our website.

Concleverness
Arthur Halleran, CEO
Brian Park, Vice President of Finance
1-778-819-1585
Email: info@trillionenergy.com;
Website: www.trillionenergy.com

Cautionary statement regarding forward-looking statements

This press release may contain certain forward-looking information and statements, including, without limitation, statements regarding the Company’s ability to obtain regulatory approval for appointments of executive officers and directors. All statements contained herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.

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These statements are not a guarantee of future performance and are subject to certain risks, uncertainties, delays, strategy changes and assumptions that are difficult to predict and may change over time. Accordingly, actual results and strategies may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unexpected securities regulatory challenges, the coronavirus, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, and the Company’s ability to raise necessary funds for development; outcome of trade negotiations; Changes in technical or operating conditions; The cost of extracting gas and oil may increase and be so expensive that it is uneconomical and unprofitable to do so, and other factors are discussed from time to time in the Company’s filings at www.sedar.com, including its recently filed Annual Report on Form 20-F and filings. suffix. For a complete summary of our oil and gas reserves information in Turkey, please refer to Forms F-1,2,3 51-101 filed at www.sedar.com, or request a copy of our reserves report as of December 31, 2022 and updated on January 31, 2023.

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