Trillion Energy International Reports Growing Natural Gas Reserves in Strategic Black Sea Region

Trillion Energy International has announced significant growth in its natural gas reserves, reporting a 12% increase in total proved plus probable conventional natural gas reserves to 62.3 billion cubic feet (Bcf) as of December 31, 2024. The company's year-end reserve report reveals promising financial metrics that could impact its market positioning in the European and Turkish energy sectors.

The reserve report demonstrates a net present value of USD $363.6 million for total proved plus probable reserves, translating to USD $2.98 per common share. This valuation suggests potential financial strength and investor attractiveness for the energy producer. While total proved reserves saw a 20% decrease in net present value to USD $106.8 million, the total proved plus probable plus possible reserves were valued at a substantial USD $630.1 million.

In addition to natural gas reserves, the company's oil reserves at the Cendere field experienced a slight increase to 247 thousand barrels. This diverse portfolio positions Trillion Energy strategically in the region, with significant holdings including a 49% interest in the SASB natural gas field in the Black Sea and a 19.6% interest in the Cendere oil field.

The reserve growth comes at a critical time for European energy markets, where diversification of natural gas sources remains a priority. Trillion Energy's focus on production for Europe and Turkey could provide meaningful contributions to regional energy security. The company's continued exploration efforts in southeastern Turkey further underscore its commitment to developing and expanding its energy assets.

For investors and energy sector analysts, this reserve report indicates Trillion Energy's potential for continued growth and strategic positioning in a complex and evolving energy landscape. The increased reserves and sustained presence in a geopolitically significant region suggest the company is maintaining a robust approach to energy production and exploration.