Trillion Energy Launches Speed ​​Line Program

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Vancouver, BC, Oct. 04, 2024 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“A trillion” or i “The company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce that it is optimizing the operation of the SASB gas field by installing Velocity Strings (VS) at this time.

On September 30^th2024, after the Company reached an agreement with its partner at SASB regarding the technical aspects of the program, it was assigned the task of running the program.

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The Company is then able to sign a service agreement with the snub provider “Snub Co” to install speed cables. Mobilization of the criminal unit, currently based in Romania, has begun. The work proposal is to increase or stabilize production levels 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 wells that have been drilled for a long time Guluc-2 and West Akcakoca-1 are producing only intermittently due to water loading. However, Guluc-2 averaged 1.7 MMcf/d over the past 2 months.

Arthur Halleran CEO of Trillion said:

“Initially it was thought that VS could only be operated using a drilling machine, however, we have now confirmed that all snubbing units can do this job. This was a big step forward. This strategic move underlines our commitment to increasing shareholder value through high efficiency and innovative solutions in the European energy market.

Oil block renewal – The Company continued to work to complete the farm-in to acquire an operating and revenue interest in the M46 and M47 oil exploration blocks within the Cudi-Gabar petroleum province, Southeastern Turkiye (“Oil Blocks”). The Company commenced seismic work in 2023 on the Oil Blocks and planned four exploration wells in 2024, however, those wells have not yet been drilled as the Company is focused on its work program at SASB. As a result, the block licensee got someone else to drill two wells in the Oil Blocks and gave up a 20% interest. Therefore, the first two wells will not be mined by Trillion and Trillion is committed to earning an interest in the Oil Blocks in accordance with the financing and completion of participation terms.

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About the Company

Trillion Energy International Inc focuses on oil and natural gas production in Europe and Türkiye 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 with a 9.8% interest) in the Cendere oil field. More information can be found at www.sedar.comand our website.

Conintelligence
Arthur Halleran, Chief Executive Officer
Brian Park, Vice President of Finance
1-778-819-1585
Email: [email protected];
Website: www.trillionenergy.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking information and statements, including without limitation, statements regarding the Company’s ability to obtain regulatory approval of its governing body and director nominations. All statements included 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 other than in accordance with applicable securities laws.

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These statements are not guarantees of future performance and are subject to certain risks, uncertainties, delays, strategic changes, and assumptions that are difficult to predict and may change over time. As such, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements due to various factors. These factors include unexpected challenges to securities regulation, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the Company’s ability to obtain funds necessary for development; the outcome of trade negotiations; changes in technical or operational conditions; the cost of extracting gas and oil may increase and become too expensive to be financially viable and unprofitable to do so and other factors discussed from time to time in the Company’s filings at www.sedar.com, including the most recently filed Annual Report. on Form 20-F and subsequent filings. For a complete summary of our information on Turkish oil and gas reserves, please see our Forms F-1,2,3 51-101 filed at www.sedar.com, and or request a copy of our reserves report as of December 31, 2022 and updated January 31 2023.

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