Trillion Energy International Reports 12% Increase in Natural Gas Reserves

Trillion Energy International has reported a 12% increase in its total proved plus probable conventional natural gas reserves, reaching 62.3 billion cubic feet (Bcf) as of December 31, 2024. The company's year-end reserve report reveals significant financial implications for its energy portfolio.

The net present value of the total proved plus probable reserves, discounted at 10%, stands at $363.6 million, translating to $2.98 per common share. While total proved reserves experienced a 20% decrease in net present value to $106.8 million, the company's total proved plus probable plus possible reserves were valued at $630.1 million.

Additional details from the report show a slight increase in oil reserves at the Cendere field, which now stands at 247 thousand barrels. The company maintains a 49% interest in the SASB natural gas field in the Black Sea and a 19.6% interest in the Cendere oil field.

This reserve growth signals Trillion Energy's continued strategic focus on natural gas production in Europe and Turkey, potentially positioning the company favorably in the regional energy market. The increased reserves could represent enhanced future revenue potential and demonstrate the company's ongoing exploration and development efforts.