Trillion Energy International Stock Price, News & Analysis
Company Description
Trillion Energy International Inc. (OTCQB: TRLEF) is an energy company focused on oil and natural gas production for Europe and Türkiye. According to company disclosures, Trillion holds natural gas assets in Türkiye and participates in both offshore gas and onshore oil projects. Its business is aligned with the crude petroleum and natural gas extraction industry within the broader mining, quarrying, and oil and gas extraction sector.
The company reports that it is a 49% owner of the SASB natural gas field, a Black Sea natural gas development offshore Türkiye. SASB is described as an offshore gas project where Trillion has been carrying out operational programs to enhance production from existing wells. Trillion also states that it holds a 19.6% interest (with three wells at 9.8%) in the Cendere oil field, providing exposure to oil production in addition to its natural gas activities.
Core operations and assets
Trillion’s recent operational updates emphasize work on the SASB offshore gas project in Türkiye. The company has reported installing velocity string tubing in multiple wells on the Akcakoca platform and on tripod-based wells such as Alapli-2 and Bayhanli-2. These programs are described as efforts to mitigate water loading, lower bottom hole pressure, and support longer-term gas production from existing wells.
Operational communications indicate that Trillion has used nitrogen injection to evacuate water and stimulate gas production, and has sourced a gas lift compressor system for the Akcakoca platform to enable continuous gas lift injection in selected wells. The company has also discussed the planned use of artificial lift techniques, including a Progressive Cavity Pump (PCP) and slim-hole Electric Submersible Pumps (ESPs), attached to the new tubing in certain wells, as part of its strategy to sustain and optimize production rates.
Geographic focus and markets
In its public "About the Company" statements, Trillion Energy International Inc. notes that it is focused on oil and natural gas production for Europe and Türkiye, with its natural gas assets located in Türkiye. The company’s current asset base, as described in its news releases, is concentrated in the Black Sea SASB gas field and the Cendere oil field, positioning it within regional energy supply chains that serve these markets.
Capital markets and securities
Trillion Energy International Inc. indicates that its shares trade on multiple markets, including the CSE under the symbol TCF, the OTCQB under the symbol TRLEF, and the Frankfurt Stock Exchange under the symbol Z62. The company has also reported the use of convertible debentures governed by a debenture indenture with Odyssey Trust Company, and has disclosed extensions to the maturity date of these debentures through supplemental indentures, subject to debentureholder approval.
Several recent news releases describe shares-for-debt settlements, where Trillion has issued common shares to directors, officers, consultants, and other creditors in settlement of amounts owed. Some of these transactions are characterized as related-party transactions under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements based on the stated relationship between insider participation and its market capitalization.
Financial reporting and regulatory profile
Trillion Energy International Inc. files as a foreign private issuer with the U.S. Securities and Exchange Commission, submitting Form 6-K reports that reference its financial statements and Management Discussion and Analysis filed on the SEDAR system. A Form 6-K dated December 2025 states that the company furnished consolidated interim financial statements for the three and nine months ended September 30, 2025, together with related MD&A.
In a separate disclosure, Trillion reported the restatement of its consolidated financial statements for the year ended December 31, 2023 to correct an identified foreign exchange classification error. The company explained that a foreign exchange loss on intercompany accounts, originally recorded in net loss, should have been recorded in other comprehensive loss under IAS 21. The restatement reduced the reported net loss for that year and adjusted accumulated other comprehensive loss and accumulated deficit, while leaving total stockholders’ equity and cash flow totals unchanged.
Operational updates at SASB
Trillion’s operational news provides detail on its activities at the SASB gas field. The company has described:
- Installation of 2 3/8" velocity string tubing in multiple wells, including Guluc-2, West Akcakoca-1, Akcakoca-3, Alapli-2, and Bayhanli-2.
- Use of nitrogen stimulation to evacuate water, lower bottom hole pressure, and stimulate gas production.
- Plans and progress for gas lift compressor systems on the Akcakoca platform to provide continuous gas lift injection.
- Implementation and planning of artificial lift solutions such as PCP and slim-hole ESPs to reduce water loading and support long-term production.
The company has reported that certain wells, such as Guluc-2 and West Akcakoca-1, resumed production following velocity string installation and showed improved performance, while other wells continued to be monitored and adjusted through nitrogen injection and choke management to balance water and gas production.
Corporate governance and management changes
In a news release, Trillion Energy International Inc. announced the retirement and resignation of its Chief Executive Officer and Director, effective in late December 2024. The Board of Directors reported that it is conducting an executive search for a new CEO with capital markets and technical experience. The same disclosure stated that Sean Stofer was appointed Chairman of the Board and would serve as interim Chief Executive Officer during the transition period. The company also reported the appointment of a Vice President and Deputy General Manager and the appointment of Scott Lower as President of the company.
The company has indicated plans to form an advisory board and to add additional directors as part of its broader transitional plan, with the stated goal of focusing on exploiting existing assets and entering new plays to increase value for shareholders, as described in its public statements.
Regulatory and accounting considerations
Trillion’s disclosures reference the application of International Financial Reporting Standards (IFRS), including IAS 21 for foreign exchange effects. Related-party transactions involving shares-for-debt settlements are discussed in the context of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, with the company explaining its reliance on specific exemptions where insider participation is below a stated threshold of market capitalization.
Through its SEC Form 6-K filings, Trillion Energy International Inc. provides U.S. investors with access to its Canadian-filed financial statements and MD&A, reinforcing its profile as a foreign private issuer with cross-border regulatory reporting obligations.
Company focus
Across its public communications, Trillion Energy International Inc. consistently describes its focus as oil and natural gas production for Europe and Türkiye, supported by its natural gas assets in Türkiye and its ownership interests in the SASB natural gas field and the Cendere oil field. Operational updates highlight ongoing workovers, production optimization, and infrastructure enhancements intended to support these assets over time.