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-16UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2023 and January, 2024
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
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. |
|---|
| /s/ Arthur Halleran |
| Arthur<br> Halleran |
| Chief<br> Executive Officer |
| January<br> 24, 2024 |
Exhibit 99.1
TRILLION ENERGY PROVIDES UPDATED SASB 3D SEISMIC WITH NEW STRATIGRAPHIC GAS PROSPECTS
December20, 2023 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce the completion of its 3D seismic reprocessing for the SASB gas field. The Company is now in the process of interpreting the results and tying the results into the existing drilled wells.
Significant improvements in seismic technology since the initial processing of the 2004 seismic data offer enhanced data imaging for reservoir characterization, faults, and reservoir layers. Additionally, the new PSDM seismic volumes & velocity model has uncovered:
| ● | Continuous<br> reflectors |
|---|---|
| ● | Much<br> clearer fault cuts |
| ● | Amplitude<br> preservation |
| ● | Improved<br> imaging of subsurface geology and enhanced results of attributes, inversion, and AVO |
| ● | Higher<br> quality data, allowing for clear visibility of both previously and newly discovered gas channels, revealing thin sand bodies |
| ● | Validation<br> of the presence of hydrocarbons using different AVO attributes, such as intercepts, gradients, fluid factors, and gas indicators |
| ● | Detection<br> of sweet spots for new gas prospects. |
Arthur Halleran CEO of Trillion stated:
“In the dynamic landscape of energy exploration, our reprocessed seismic data has unveiled a promising chapter for the SASB gas field. The revelation of extensive channel sands, particularly in the D and De-E zones, surpasses our earlier understanding of the field. This transformative breakthrough marks a clearer and more expansive vision of our gas prospects. The excitement is palpable as we witness the emergence of previously unseen gas-charged sand channels throughout, setting the stage for a future defined by enhanced exploration success.”
Images of the new seismic compared to old seismic as well as an in depth overview can be found here: SASB Seismic Data
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, Chief Executive
Officer E-mail:
arth@trillionenergy.com
Corporate Office: 1-778-819-1585
Corporate 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.
Exhibit99.2
TRILLION ENERGY PROVIDES OPERATIONAL UPDATE FOR SASB GAS FIELD
January17, 2024 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide this operational update and to reiterate its production guidance for the SASB gas field issued on September 25, 2023 subject to revised timing to facilitate evaluation of alternative pump types and installation.
On September 25, 2023, Trillion announced its SASB production guidance for the completion of five new wells and one recompletion completed for the work program ending August 2023. Trillion reiterates this guidance, save and except by pushing the program three months forward, due to receiving pumps, some which require remanufacture of well heads to install. Well heads have been ordered and first deliveries are expected in February 2024.
To address the water loading issue, the Company enlisted the expertise of the third-party engineering firm GLJ last November, 2023. The ensuing comprehensive report highlighting actionable items for the execution of artificial lift and was delivered in December 2023. The Company has now put in motion ordering pumps, wellheads, new well tubing and the like.
Thus, Trillion’s issued production guidance remains steadfast at 7,547 mcf/d before royalties (15.4 MMCF/d 100% Gross interest to lease) for the initial six wells for the 2024 year, with the program execution occurring over the course of the next few months, starting with the four Akcakoca platform wells in Q1 and then the two tripod wells in early Q2.
Moreover, the Company anticipates fitting two or three additional legacy wells with pumps by Q2 for a total of eight + producing wells. Two of the added wells were initially part of the sidetrack program, however, to save cost, are now slated as recompletions instead of new sidetrack drilling. Production from these wells is in addition to the six wells and is not included in the above production estimates.
During the initial drilling program, the initial short term flow test rates for the six wells in question were, 100% interest before royalties: South Akcakoca-2: 7-8.2MMcf/d; Akcakoca-3 7MMcf/d; Alapli-2: 11.9MMcf/d; West Akcakoca-1: 5.9MMcf/d; Bayhanli-2: 11.9MMcf/d and Guluc-2: 16.35MMcf/d.
Trillion Energy is committed to transparency and operational excellence, and we appreciate the ongoing support of our stakeholders as we advance further on our developments within the SASB gas play.
Perforation Program Updates
In October 2023, we successfully reperforated Guluc-2 and West Akcakoca-1 wells. Akcakoca-3’s perforation was deferred due to a snag causing a tool string challenge. The snag issue is now resolved, allowing for perforation of the remaining 6 meters of gas pay. In addition, 10.4 metres of gas pay will be perforated in South Akcakoca-2. Trillion is confident the perforations will increase production significantly in the wells and that both will receive either velocity string tubing (an alternative to pumps) and or pumps upon arrival of the required parts.
Artificial Lift Program Activities and Timeline
| 1^st^QTR 2024 | 2^nd^QTR 2024 | 3^rd^QTR 2024 | 4^th^QTR 2024 | |
|---|---|---|---|---|
| Anticipated Production Exit rates: | ||||
| 100%<br> MMcf/d Gross | 9.5<br> MMcf/d | 19.5<br> MMcf/d | 23<br> MMcf/d | 28<br> MMcf/d |
| Gross Company 49%^(2)^ | 4.7 MMcf/d | 9.6 MMcf/d | 11.3 MMcf/d | 13.7 MMcf/d |
| Wells: | ||||
| Guluc-2 | AL^(1)^ | |||
| South<br> Akcakoca-2 | Perforations<br> & Velocity String | AL^(1)^ | ||
| West<br> Akcakoca-1 | AL<br> ^(1)^ | |||
| Akcakoca-3 | Perforations<br> & Velocity String | AL^(1)^ | ||
| Alapli-2 | AL^(1)^ | |||
| Bayhanli-2 | AL^(1)^ | |||
| E-<br> Ayazli -1 | AL^(1)^ | |||
| E-<br> Ayazli -2 | AL^(1)^ | |||
| Akcakoca-5 | AL^(1)^ | |||
| Side<br> Track | Drill<br> & AL^(1)^ | |||
| Side<br> Track | Drill<br> & AL^(1)^ | |||
| Side<br> Track | Drill<br> & AL^(1)^ |
^(1)^ AL =“Artificial lift” which solutions include: Progressive Cavity Pump, Reciprocating Rod Pump, Electro Submersible Pumps etc.
^(2)^ Before Royalty
The 2022-2023 SASB development drilling program succeeded in 6 out of 6 wells, resulting in large volumes of gas reserves being tied into the pipeline for production. The artificial lift solutions being deployed are expected to monetize the reserves for sale.
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 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
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, delay, 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.
Exhibit99.3
TRILLION ENERGY APPOINTS NEW CHIEF OPERATING OFFICER
January22, 2024 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), an oil and natural gas producer in Turkey, is pleased to announce the appointment off Al Thorsen as Chief Operating Officer. As part of his duties, Mr. Al Thorsen will be responsible for the production operations of SASB gas field as well future drilling activities in Turkey and abroad.
Mr. Thorsen will be leading the production enhancement initiatives, with the highest priority being to increase production of the SASB gas wells, including for the five new wells drilled last year, as well as future planned workovers and sidetracks on several older wells. Mr. Thorsen strongly believes in the production capability of the SASB wells as conventional gas reservoirs.
With a proven track record in expanding and leading domestic and international operations, Mr. Thorsen brings a wealth of experience developing and leading large cross-functional teams, consistently achieving robust strategic objectives for high-profile organizations within the energy industry including implementing comprehensive technical solutions.
Highlights of his career include: Valeura Energy Inc. (TSX:VLE) as operations manager in Turkey where he managed 55 employees, 300 natural gas wells and 500 km gas gathering system; Journey Energy (TSX:JOY), leading a production team where he directed joint ventures and production engineering to 10,000 BOE/d. He has also held positions with Rio Alto Exploration, a 100,000 BOE/d international company as country manager and production manager, Zargon Oil and Gas as VP of Operations, Orleans Energy as VP of Operations, and Central Petroleum as COO.
Mr. Thorsen has substantial experience in Turkey, with artificial lift in an international production environment. He holds a Bachelor of Science in Petroleum Engineering and graduated 1986 from Montana College of Mineral Science & Technology, Butte, Montana.
“I am confident that Mr. Thorsen’s extensive artificial lift and gas production expertise will improve our operational effectiveness accelerating production at the SASB gas field.” said Arthur Halleran, CEO.
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, a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in three 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
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.