6-K
Trillion Energy International Inc. (TRLEF)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM6-K
REPORTOF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDERTHE SECURITIES EXCHANGE ACT OF 1934
For the month of October, November and December 2023
Commission File Number: 000-55539
TRILLIONENERGY INTERNATIONAL INC.
(Translation of registrant’s name into English)
Suite700, 838 West Hastings Street
Vancouver,BC, V6C 0A6
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
☒ Form 20-F ☐ Form 40-F
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TRILLION ENERGY INTERNATIONAL INC. |
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| /s/ Arthur Halleran |
| Arthur<br> Halleran |
| Chief<br> Executive Officer |
| December<br> 12, 2023 |
Exhibit99.1
TRILLION ENERGY ANNOUNCES SASB WELL PERFORATION RESULTS
Perforationprogram ups SASB gas field production rates to 14.4 MMcf/d (100% interest)
October30, 2023 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleases to provide an update on its three well perforation program at the SASB gas field previously announced on September 25.
So far, two out of the three well operations have now been commenced or successfully completed. As a result, total combined production at SASB is currently 14.4 MMcf/d (100%) - 7,056 MMCF/d net to Trillion into the gas sales pipeline.
More information on stabilized production rates are expected during the week as perforations are currently ongoing in the West Akcakoca well and yet to commence in the Akcakoca-3 well. The work program is expected to be completed later this week.
Natural gas sale prices received by Trillion for October are USD $12.33/mcf (CAD $17.14). November gas prices are expected to be set over the next few days by the government regulator BOTAS. Trillion pays operating costs of $90,000 per month for SASB and a 12.5% royalty on gas sales.
Technical Details of the Three Well Perforation Program
Guluc-2-The perforation program includes a total of 30 metres of gas pay in five separate sands. On October 25^th^ the top two “C” sands at 3,665 – 3,674.5 metres MD (measured depth) were perforated (14.65 metres TVT (true vertical thickness) of gas pay) causing gas pressure to increase to 1,140 psi. On October 26^th^ the top 3 metres (8.46 metres TVT) of the “C” sands 3,644 – 3,654 metres were perforated causing gas pressure increase to 1,735 psi. Due to the high pressure, a decision was made to delay perforation of the final pay zones in Guluc-2 totaling 12.3 metres in the “B”, “A” and “AA” gas sands until after the West Akcakoca-2 perforations to allow production to stabilize first.
WestAkcakoca-2 – On October 28^th^ sands “B” and “A” were perforated totaling 6 metres of gas pay causing pressure to increase to 1,742 psi. Perforation of two additional zones is ongoing.
Akcakoca-3will be the final well to be perforated in the “C” and the “E” sands for an additional 19 metres of gas pay.
Trillion has recently installed a new compressor at the Cayagzi gas field to reduce back pressure from the field into the gas processing plant. Installation of well pumps and reduced tubing sizes will come at a later date.
Arthur Halleran CEO stated:
| “We<br> are pleased with the results of our ongoing perforation program at SASB which is about half- way completed at this time. We are well<br> on our way to following through with our work program and hitting the production targets as set out in our September 25 news release<br> this year. The current program is just the beginning, we will continue to work on increasing gas production at SASB until we are<br> satisfied with the results” |
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Aboutthe Company
Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. 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 and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in 3 high impact oil exploration blocks in S.E. Turkiye. More information may be found on www.sedar.com, and our website.
Contact
Corporate offices: 1-778-819-1585
e-mail: info@trillionenergy.com
Website: www.trillionenergy.com
CautionaryStatement Regarding Forward-Looking Statements
Thisnews release may contain certain forward-looking information and statements, including without limitation, statements pertaining to theCompany’s ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein,other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties.Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Thesestatements are no guarantee of future performance and are subject to certain risks, uncertainties, change of strategy, and assumptionsthat are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially andadversely from those expressed in any forward- looking statements as a result of various factors. These factors include unforeseen securitiesregulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies,the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical oroperating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable todo so and other factors discussed from time to time in the Company’s filings on www.sedar.com, including the most recently filedAnnual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please referto 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, 2022 and updatedJanuary 31 2023.
Exhibit 99.2
TRILLION ENERGY PROVIDES OPERATIONAL UPDATE
November27, 2023 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide an operational update for the SASB gas field. The Company is holding a workshop in Ankara, Turkey between December 4 and 8^th^ the subject being boosting production from its existing six wells as well as the 2024 work program planning.
The Company has received a report from Frontier Project Solutions, a Calgary based engineering company founded in 1977, to assist in facilitating artificial lift solutions to curtail water loading issues. Frontier has over 50 years of hands-on experience with well pumps, how to install them and where to procure these items in a fast and timely manner. Initially 2 to 3 different artificial lift solutions will be implemented starting with the Akcakoca platform.
2024 Work Program Updates
The next phase of SASB development includes bringing on production from 5 additional wells next year bringing the total producing wells to 11, targeting gas reserves in existing wells on the three tripods.
Preliminary indications suggest that at least two of the future sidetrack wells would benefit from artificial lift and may not have to be re-drilled. Artificial lift would result in an 85% cost savings over redrilling representing a savings net to Company of about US$4 million per well. The other proposed sidetracks are also being evaluated for cost savings.
In addition to SASB, the Company receives about US $300,000 per month from the Cendere oil field.
Aboutthe Company
Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. 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 and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in 3 high impact oil exploration blocks in S.E. Turkiye. More information may be found on www.sedar.com, and our website.
Contact
Arthur Halleran 1-778-819-1585
e-mail: info@trillionenergy.com; ahalleran@trillionenergy.com
Website: www.trillionenergy.com
CautionaryStatement Regarding Forward-Looking Statements
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company’s ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.
These statements are no guarantee of future performance and are subject to certain risks, uncertainties, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies 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, changes in capital raising strategies, 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 increase and 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 filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, 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, 2022 and updated January 31 2023.
Exhibit 99.3
TRILLION ENERGY ANNOUNCES CHANGES TO BOARD OF DIRECTORS
December5, 2023 – Vancouver, B.C. – Trillion Energy International Inc. (“Trillion”, or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) announces that, subject to regulatory approval, Jay Park KC has been appointed to the board of directors of the Company. Mr. Park is a renowned energy lawyer with a particular focus on upstream oil and gas transactions. He has worked on energy projects in more than fifty countries, including Turkey. He has advised international energy companies, including oil and gas explorers, producers, marketers, pipeline companies, state oil companies, governments, banks and multilateral agencies such as the World Bank. Mr. Park was formerly CEO (April 2018- September 2020) and then Chairman (September 2020-January 2022) of ReconAfrica (TSXV: RECO) exploring for oil & gas in Namibia and Botswana. During this period ReconAfrica was twice named to the TSX Venture 50 and was the top performing 2021 TSX Venture 50 company from the energy sector. Mr. Park is currently Executive Chairman of MCF Energy Ltd. (TSX.V: MCF) exploring for gas in Europe.
“The petroleum regime of Turkiye is designed to strongly encourage oil & gas exploration, development and production. So, I am excited to join Trillion to participate in the growing opportunities and success in developing these important resources,” said Jay Park KC.
Trillion also announces the resignation and retirement of Dr. Barry Wood from its board of directors. Dr. Wood has served Trillion well with his extensive international geological experience and research in reservoir formation, and knowledge formed over decades of exploration across Asia and Africa. The directors and management of Trillion extend their deepest gratitude to Dr. Wood for his contributions to the Company and wish him all the best in his retirement.
About
Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. 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 and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in three high impact oil exploration blocks in S.E. Türkiye. More information may be found on www.sedarplus.ca, and our website.
Contact
Arthur Halleran, Chief Executive Officer
E-mail: arth@trillionenergy.com
Corporate Office: 1-778-819-1585
Corporate E-mail: info@trillionenergy.com
Website: www.trillionenergy.com