12:36 PM EST - Trillion Energy International Inc. : Provided the following announcement relating to the results of an independent petroleum reserve evaluation prepared by GLJ Petroleum Consultants. The Reserve Report highlights a substantial increase in Trillion’s P3 Proven and Probable and Possible reserves from 342,000 BOE to 4,901,000 BOE, a 1,433% increase that includes the addition of 27.5 Billion Cubic Feet “BCF” of natural gas. This P3 reserve increase translates into a value of USD $132.8 Million or CAD $180 Million, through favorable gas contract pricing between US $6/MCF and US $7.80/MCF - a substantial premium to European and North American markets. President & CEO, Dr. Arthur Halleran comments: “We are extremely encouraged by the results of this independent Reserve Report and in particular, the increase in reserves for the SASB project. Each category of petroleum reserves increased substantially, building value to investors in our company. We are actively developing a work program to allow us to monetize the substantial value of our reserves for our shareholders” Trillion Energy International Inc.
shares C.TCF are trading up 16.67 percent at $0.11.
