Trillion Energy's 2024 Reserves Report Highlights Growth and Changes
Overview of Trillion Energy's Year-End Reserve Report
Trillion Energy International Inc. (“Trillion”) (CSE: TCF) (OTCQB: TRLEF) is excited to share a detailed summary and highlights from its year-end reserve report as of December 31, 2024. The report showcases notable updates about the company's rising gas and oil reserves, reflecting positively on its future potential in the energy sector.
Key Highlights from the Reserve Report
Valuation Insights
The net present value (NPV10%) of Trillion's total proved plus probable natural gas and oil reserves stands at an impressive USD $363.6 million. This figure equates to USD $2.98 per common share. The increase in total proved plus probable conventional natural gas reserves reached 62.3 Bcf, marking a 12% growth from the previous year’s 55.8 Bcf.
Changes in Reserve Values
While the overall valuation shows growth, it's noteworthy that the NPV10% of total proved reserves has decreased to USD $106.8 million, down from USD $134.3 million last year, representing a 20% decline. This change serves as a reminder of the volatility in the energy market, largely attributed to varying forecasted gas prices.
Evaluation of Oil Reserves
Cendere Oil Field Overview
Trillion Energy also reported a commendable increase in its oil reserves within the Cendere field, now totaling 247 Mbbl compared to 240 Mbbl in 2023. This consistent growth highlights the company's ability to develop its assets effectively, despite fluctuating market conditions.
Exploring Possible Reserves
The NPV10% of total proved plus probable plus possible reserves has been estimated at USD $630.1 million. This comprehensive evaluation reflects Trillion's robust positioning in the energy sector and its potential to capitalize on further exploration and production developments.
About the Company and Its Operations
Trillion Energy is primarily focused on natural gas production targeted at the European and Turkish markets. The company owns a 49% interest in the SASB natural gas field, which is recognized as one of the Black Sea's earliest and most significant natural gas development projects. Additionally, Trillion holds a 19.6% interest in the Cendere oil field and operates the Vranino 1-11 block in Bulgaria, renowned for its prospective unconventional natural gas properties.
Contact Information
For more information, you can reach the corporate offices at 1-778-819-1585 or email at info@trillionenergy.com. To learn more, visit their official website at www.trillionenergy.com.
Conclusion
Trillion Energy continues to demonstrate growth and resilience in a dynamic energy market, as highlighted by their substantial year-end report. With steady increases in natural gas and oil reserves, the company is well-positioned to meet future demands while contributing to energy production in its regions of operation.
Frequently Asked Questions
When was Trillion Energy's year-end reserve report released?
The report was released on April 25, 2025, summarizing reserves as of December 31, 2024.
What are the main highlights of the 2024 reserve report?
The report highlighted a net present value of USD $363.6 million for total proved plus probable reserves, alongside growth in conventional natural gas reserves.
How have Trillion's oil reserves changed?
Trillion’s oil reserves in the Cendere field increased to 247 Mbbl compared to 240 Mbbl in 2023.
What is the significance of NPV10%?
NPV10% determines the present value of future cash flows from the reserves, which helps in assessing the financials of Trillion's assets.
What is Trillion Energy's focus?
Trillion emphasizes natural gas production in Europe and Turkey, leveraging its strategic assets in the region to meet energy demands.
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