Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a natural gas and oil producer, announced highlights from its December 31, 2024, year-end reserve report, showing a 12% increase in total proved plus probable conventional natural gas reserves to 62.3 Bcf. The net present value discounted at 10% (NPV10%) of total proved plus probable reserves reached USD $363.6 million, equating to USD $2.98 per common share. Meanwhile, the NPV10% of total proved reserves decreased by 20% to USD $106.8 million. Total proved plus probable plus possible reserves were valued at USD $630.1 million, and oil reserves at the Cendere field grew slightly to 247 Mbbl.
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About Trillion Energy International Inc.
Trillion Energy is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The company holds a 49% interest in the SASB natural gas field, a Black Sea natural gas development and 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The company also is pursuing oil exploration in S.E. Turkiye and beyond. More information may be found on www.sedar.com and the company’s website.
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