Trillion Energy

Trillion Energy International Inc. is a Canada-based oil and gas producing company that strives to maximize shareholder value through a mix of offshore gas development and high-impact oil and gas exploration in Cudi-Gabar province SE Turkey. The Company is 49% owner of the South Akcakoca Sub-Basin (SASB) natural gas field, a natural gas development project with four offshore platforms, pipelines and gas plant located in shallow water black sea. The Company also has the Vranino 1-11 block, a prospective unconventional natural gas property in Bulgaria.

Trillion plans to drill over 20 new wells between 2022-2025, targeting total production of around 100 BCF net to their interest.

The gas field benefits from extensive existing infrastructure including 4 offshore platforms, an onshore gas plant, and pipelines tied into Turkey's national grid. This provides Trillion with a competitive advantage to bring new wells online rapidly and cost effectively. Natural gas prices in Turkey are currently around $14/MCF, allowing for robust economics on new production.

Turkey represents an attractive market, being heavily dependent on imported natural gas and thus exposed to the European energy crisis. Trillion's accelerated drilling program comes at an opportune time to provide domestic natural gas supply. The company has a strong technical team with decades of experience operating in Turkey.

As it executes its drilling program and grows production, Trillion Energy offers leverage to high natural gas prices in Europe. The company estimates its targeted 100 BCF of production could generate over $1 billion in value to Trillion. The drilling program is fully funded following a recent financing.