Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
07 Oktober 2024 - 11:14PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of October, 2024
Commission
File Number: 000-55539
TRILLION
ENERGY INTERNATIONAL INC.
(Translation
of registrant’s name into English)
Suite
700, 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/
David Thompson |
|
David
Thompson |
|
Chief
Financial Officer |
|
|
|
October
7, 2024 |
|
Exhibit
99.1
Trillion
Energy Initiates Velocity String Program
October
4, 2024 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”)
(CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce it is gearing up SASB gas field operations with the installation of
Velocity Strings (VS) at this time.
On
September 30th, 2024, after the Company reached an agreement with its partner at SASB on the technical aspects of the program,
it was assigned operatorship for the conduct of this program.
The
Company then was able to sign a service agreement with a snubbing provider “Snub Co” to install the velocity strings. Mobilization
of the snubbing unit, which is currently in Romania, has begun. The propose of the operation is to increase or stabilize production rates
in producing wells, by reducing water loading.
Currently
the Akcakoca-3 and South Akcakoca-2 are averaging 2.55 MMcf/d and 2.3 MMcf/over the past 30 days. The other two long reach directionally
drilled wells Guluc-2 and West Akcakoca-1 were only produced intermittently due to water loading. Even still, Guluc-2 averaged 1.7 MMcf/d
over the last 2 months.
Arthur
Halleran CEO of Trillion stated:
“Initially
it was assumed that the VS could only be run in using a drilling rig, however, we have now convinced all a snubbing unit can accomplish
this activity. This has been a giant step forward. This strategic move underscores our commitment to maximizing shareholder value through
operational excellence and innovative solutions in the dynamic European energy market.”
Oil
block update -The Company has continued to work to finalize a farm-in to earn a working and revenue interest in M46 and M47 oil exploration
blocks within the Cudi-Gabar petroleum province, Southeastern Turkiye (the “Oil Blocks”). The Company initiated seismic work
in 2023 on the Oil Blocks planned four exploration wells for 2024, however, such wells have not been drilled as the Company focused on
its workover program at SASB. As a result, the block license owner secured a third party to drill two wells on the Oil Blocks and gave
up a 20% interest. As such, the first two wells will not be drilled by Trillion and Trillion is committed to earning an interest in the
Oil Blocks subject to financing and finalizing participation terms.
About
the 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 Black Sea natural gas development and a 19.6% (except three wells with 9.8%)
interest in the Cendere oil field. More information may be found on www.sedar.com, and our website.
Contact
Arthur
Halleran, Chief Executive Officer
Brian
Park, Vice President of Finance
1-778-819-1585
E-mail:
info@trillionenergy.com;
Website:
www.trillionenergy.com
Cautionary
Statement 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, delay, 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.
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