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 UNDER THE SECURITIES EXCHANGE ACT OF 1934
November2022
Commission File Number: 000-55539
TRILLIONENERGY INTERNATIONAL INC.
Suite 700, 838 W. 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
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
| Exhibits: | |
|---|---|
| 99.1 | NEWS RELEASE DATED november 14, 2022 – operational update for sasb gas field |
| 99.2 | NEWS RELEASE DATED november 21, 2022 – flow test results for akcakoca-3 well |
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. | ||
|---|---|---|
| (Registrant) | ||
| Date:<br> November 23, 2022 | By: | /s/ Ozge Karalli |
| Ozge<br> Karalli | ||
| Chief<br> Financial Officer |
Exhibit99.1
TRILLIONENERGY PROVIDES OPERATIONAL UPDATE FOR SASB GAS FIELD
Akcakoca-3Well being readied for perforations as gas sales from the South Akcakoca well commence
November14, 2022 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce that gas sales have commenced from its first new well (South Akcakoca) and that the borehole for Akcakoca-3 has now been cleared of old wireline through a fishing operation and cleaned, readied for the planned re-perforation operation this week.
An operation to fish the junk from the Akcakoca-3 well has now been successfully completed. After five days, our crew recovered over 600 kgs of lost cable, mill out the old packer and cleared the wellbore. All the lost cable above the packer was recovered, and the old packer was pushed down below the deepest perforation interval.
Images of the “fish” recovered from the Akcakoca-3 well may be found on our Twitter and LinkedIn feed @trillionenergy and will be included in our weekly newsletter that users may sign up for on our website www.trillionenergy.com.
The Akcakoca-3 borehole is now ready for the re-perforation, including the remaining gas-bearing zones totaling approximately 34 meters of pay. Perforations are anticipated to be completed later this week, with production commencing shortly thereafter.
Natural gas sales have commenced from South Akcakoca-2, which was put on initial production rates averaging approximately 3.0 MMcf/d between November 4th to 10^th^. The Company is monitoring production characteristics of the well and is planning to gradually increase production rates over time.
Arthur Halleran stated:
“We are pleased to have achieved gas sales from South Akcakoca-2 ahead of schedule in cooperation with our partner, TPAO. During testing, no gas was vented to the atmosphere as the gas flow was contained within the pipeline production system. This Akcakoca-3 fishing operation could not be done earlier, as the Uranus rig was required due to the mechanical challenges faced. We look forward to perforating and putting the well back on production this week.”
Aboutthe Company
Trillion Energy is focused on natural gas production for European and Turkish markets, through its 49% interest in the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development. We also produce oil from the Cendere oil field in which we own 19.6% (except three wells with 9.8%). In Bulgaria we have 100% of a prospective unconventional natural gas property, the Vranino 1-11 block. More information may be found on www.sedar.com, and our website.
Contact
Art Halleran: 1-250-996-4211
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 not guaranteeing of future performance and are subject to certain risks, uncertainties, and assumptions that are difficultto predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statementsas 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 profitableto do 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 the first quarter of 2022. For a full summary of our oil and gas reserves informationfor 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 December31, 2021 and our Prospective Resource report effective October 31, 2021.
Exhibit99.2
TRILLIONENERGY ANNOUNCES FLOW TEST RESULTS FOR AKCAKOCA-3 WELL
Akcakoca-3Well Successfully Tested at a Rate of 7.0 MMcf/day
November21, 2022 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce flow test results for the Akcakoca-3 natural gas well at the SASB gas field, offshore Turkey.
Three sands with a total of 34 metres of natural gas pay were identified for perforation in the Akcakoca-3 well. Upon the first perforation of the upper 7 metre sand occurring, the well immediately experienced a pressure buildup up to 7.0 MMcf/d (32/64” choke). Well head pressure measured 1,400 psi.
Based on initial gas flow and reservoir pressure data from perforation of the first sand, a decision was made to commence producing this zone and perforate the remaining two sands (totaling 27 metres) at a future date, after production from the initial perforated interval starts to decline.
The final production flow rate will ultimately be established at the process facility.
Arthur Halleran CEO of Trillion stated:
“We are very pleased that our multi-well drilling program is off to a very strong start. We are “Two for Two” so far with both South Akcakoca-2 and Akcakoca-3 wells now successfully producing gas. Each well additionally has 10s of metres of identified gas sands ready for perforation and production in the future to keep production levels up. This is a desirable situation for the Company to be in.”
Aboutthe Company
Trillion Energy is focused on natural gas production for Europe and Türkiye with natural gas assets in Türkiye 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; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. More information may be found on www.sedar.com, and our website.
Contact
Art Halleran: 1-250-996-4211
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 not guaranteeing of future performance and are subject to certain risks, uncertainties, and assumptions that are difficultto predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statementsas 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 profitableto do 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 the first quarter of 2022. For a full summary of our oil and gas reserves informationfor 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 December31, 2021 and our Prospective Resource report effective October 31, 2021.