07:22:02 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
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Trillion Energy International Inc (2)
Symbol TCF
Shares Issued 121,397,267
Close 2024-03-08 C$ 0.165
Market Cap C$ 20,030,549
Recent Sedar Documents

Trillion CFO Karalli, director Yildirim resign

2024-03-08 17:06 ET - News Release

Mr. David Thompson reports

TRILLION ENERGY ANNOUNCES CFO AND DIRECTOR CHANGE

Trillion Energy International Inc. has appointed David Thompson as interim chief financial officer and is searching for a permanent chief financial officer (CFO). The company also announces grant of stock options.

Ozge Karalli will no longer be able to fulfill the duties of the chief financial officer as a result of her termination with Park Place Energy, Trillion's operating subsidiary in Turkey. David Thompson, a director and former CFO of the company, has agreed to act and has been appointed as interim CFO until a new permanent CFO is appointed. Trillion has enacted a transition leadership plan until a permanent CFO is confirmed.

Mr. Thompson has 30 years of financial experience in the international oil and gas industry in the United States, Europe, Turkmenistan and is managing director of AMS Ltd., a Bermuda-based management company. He has served as president and CEO of Sea Dragon Energy Inc. (London exchange: SDX), financial director of Forum Energy PLC (AIM) and senior vice-president at Larmag Group of Companies. Mr. Thompson is a CPA since 1998.

Kubilay Yildirim has resigned as a director of Trillion Energy effective immediately. The company intends to commence a search for a replacement director, which it anticipates being completed no later than in time for the next annual general planned for July, 2024.

The company announces it has granted options to acquire a total of 2.45 million common shares of the company to its directors, employees, consultants and officers, pursuant to the company's 2022 long-term equity incentive plan, at an exercise price of 20 cents per share for three years subject to vesting conditions.

About Trillion Energy International Inc.

Trillion Energy International is focused on oil and natural gas production for Europe and Turkey with natural gas assets in Turkey. The company is 49-per-cent owner of the SASB natural gas field, one of the Black Sea's first and largest-scale natural gas development projects and a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field. The company has a 50-per-cent interest in three oil exploration blocks in southeast Turkey.

We seek Safe Harbor.

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