TRLEF on OTC

Trillion Energy International Inc.

Logo: trillionenergy.com3

Trillion Energy International Inc. is a Canadian oil and gas exploration company based in Vancouver, founded in 2015.1 Its shares trade on OTC under the symbol TRLEF.1

Price unavailable

Last updated Oct 20, 2026.

Overview

2015Founded1

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  • TickerTRLEF on OTC1
  • Industrypetroleum industry1
  • HeadquartersVancouver1
  • Websitetrillionenergy.com
  • Listed onCanadian Securities Exchange (TCF), Frankfurt Stock Exchange (Z62), OTCQB Marketplace (TRLEF)1
  • Incorporated inBritish Columbia, Canada4
  • Business addressTuran Gunes Bulvari,Park Oran Ofis Plaza, 180-Y, Daire:54, Kat:16, Oran, Cankaya, Ankara4
  • Filer categoryNon-accelerated filer4
  • Legal formCorporation

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Trillion Energy International Inc. image from its website
Image: trillionenergy.com3

Pivot occurred after disappointing performance of SASB gas field, which producing diminished during the year due to water-loading issues.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-130.4%Net margin6
-58.3%Revenue growth, 20246
-64.5%Return on equity6
-$5.7MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs46¢$3.2M
  • Interest19¢$1.3M
  • Income tax35¢$2.4M

Out of $7.0M in revenue.6 The company lost money this year.

Financial statements

Revenue7896$7.0M in 2024+65% since 2018
0$5.0M$10.0M$15.0M$20.0M2018: $4.3M$4.3M20182019: $3.9M$3.9M2019−8%2020: $2.6M$2.6M2020−34%2021: $3.7M$3.7M2021+43%2022: $9.4M$9.4M2022+153%2023: $16.8M$16.8M2023+79%2024: $7.0M$7.0M2024−58%
Operating income789-$3.1M in 2021+47% since 2018
-$4.0M-$3.0M-$2.0M-$1.0M02018: -$2.1M-$2.1M20182019: -$1.7M-$1.7M2019−20%2020: -$3.2M-$3.2M2020+90%2021: -$3.1M-$3.1M2021−4%
Net income7896-$9.1M in 2024+284% since 2018
-$10.0M-$7.5M-$5.0M-$2.5M02018: -$2.4M-$2.4M20182019: -$1.7M-$1.7M2019−29%2020: -$3.5M-$3.5M2020+110%2021: -$2.1M-$2.1M2021−42%2022: -$6.1M-$6.1M2022+199%2023: -$43.8K-$43.8K2023−99%2024: -$9.1M-$9.1M2024+20722%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Oil and gas revenue, net$2.9M$7.0M$16.8M
Production$2.4M$4.8M$4.4M
Depletion$139.6K$1.3M$5.1M
Depreciation$64.8K$87.4K$175.8K
Accretion of asset retirement obligation$269.4K$269.1K$219.5K
Stock-based compensation$18.5K$1.1M$2.4M
General and administrative$5.2M$6.2M$7.3M
Geological and geophysical expenses$44.1K$1.4M$706.4K
Total expenses$8.1M$15.1M$20.3M
Loss before other income (expenses)-$5.2M-$8.1M-$3.5M
Interest income$226.0K$53.4K$19.2K
Finance cost-$3.1M-$2.6M-$2.2M
Foreign exchange gain (loss)-$3.2M-$3.8M-$9.9M
Loss on extinguishment accounts payable and loan payable-$264.1K-$8.5K
Change in fair value of derivative liability$4.8K
Gain on debt modification and settlement for shares$577.7K
Loss on write-off of notes and other receivables-$101.3K-$15.4K
Loss on impairment and sale of assets held for sale-$328.6K-$132.7K-$1.6M
Impairment of oil and gas properties-$54.5M-$9.9M
Loss on issuance of shares-$5.1K-$17.3K
Gain on net monetary position$12.8M$18.4M$19.0M
Gain (loss) on sale of oil and gas properties and equipment$74.3K-$466.1K$19.5K
Gain on modification and termination of lease$32.6K$46.6K$31.9K
Other income$2.4K
Total other income (expense)-$47.5M$1.4M$5.3M
Income (loss) before taxes-$52.7M-$6.7M$1.8M
Deferred tax recovery (expense)$3.5M-$2.4M-$1.9M
Net loss-$49.2M-$9.1M-$43.8K
Foreign currency translation-$5.2M-$3.3M-$10.0M
Total comprehensive loss-$54.4M-$12.5M-$10.1M
Net loss per share - Basic-$1.30-$0.32$0.00
Net loss per share - Diluted-$1.30-$0.32$0.00
Weighted average shares outstanding Basic37.8M shares28.5M shares16.2M shares
Weighted average shares outstanding Diluted37.8M shares28.5M shares16.2M shares

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What it owns

What Trillion Energy International Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$741.7K6 Dec 31, 2024$720.5K6 Dec 31, 2023+2.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$599.2K6 Dec 31, 2024$1.2M6 Dec 31, 2023−49.6%

Leadership

Who has led Trillion Energy International Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Scott C. Larsen2016–2017

President

  1. Scott C. Larsen2016–2017
  2. Arthur Halleran2018–2021

Chief financial officer

  1. Charles Michel2017
20202025
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorDavid M. Thompson named Apr 1, 2022 to Jul 30, 202619
  • Corporate SecretaryRenata Burak Kubicek named Jul 30, 202619
  • Executive Officer, DirectorScott M. Lower named Jul 30, 202619
  • Executive Officer, DirectorSean M. Stofer named Jul 30, 202619
  • Vice-PresidentTolga Burak Terzi named Jul 30, 202619
  • DirectorJay M. Park named Jul 30, 202619
  • DirectorBarry M. Wood named Apr 1, 2022 to Jul 8, 202220

Former names

  • Park Place Energy Inc.until Apr 1, 20191

Timeline

  1. Nov 18, 20218-K Unregistered sale of shares21
  2. Jan 4, 2016New chief executive Scott C. Larsen becomes CEO12
  3. 2015Founded Founded1

Filings

114 filings to the SEC since October 2021: 8 annual reports, 1 quarterly reports, 1 major events, 4 insider forms, 3 private raises, 97 other. The latest 20:

  1. Sep 1, 20266-K EDGAR
  2. Aug 5, 20266-K EDGAR
  3. Jul 30, 2026D EDGAR
  4. Jul 15, 20266-K EDGAR
  5. Jul 15, 20266-K EDGAR
  6. Jun 30, 20266-K/A EDGAR
  7. Jun 11, 20266-K EDGAR
  8. Jun 11, 20266-K EDGAR
  9. Jun 11, 20266-K EDGAR
  10. Jun 11, 20266-K EDGAR
  11. Jun 11, 20266-K EDGAR
  12. Jun 11, 20266-K EDGAR
  13. Jun 1, 20266-K EDGAR
  14. May 27, 202620-F EDGAR
  15. May 11, 20266-K EDGAR
  16. May 11, 20266-K EDGAR
  17. May 11, 20266-K EDGAR
  18. May 4, 2026NT 20-F EDGAR
  19. Apr 24, 20266-K EDGAR
  20. Apr 24, 20266-K EDGAR

The 114 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 20, 2026Raised $28,858 in a private offering of equity Form D: 3 investors so far Form D
  2. Jun 29, 2022Raised $482,050 in a private offering of equity Form D: 2 investors so far Form D
  3. Mar 28, 2022Raised $511,500 in a private offering of equity Form D: 1 investor so far Form D

SEC filer profile

How Trillion Energy International Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDune Oil Corp.2
  • CIK0001648636
  • Employer ID (EIN)47-44885522
  • Filer statusNon-accelerated filer not an emerging growth company; a shell company5
  • Incorporated inA15
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressTuran Gunes Bulvari,Park Oran Ofis Plaza, 180-Y, Daire:54, Kat:16, Oran, Cankaya, Ankara, Turkey2
  • Phone1 (250) 996-4212
  • Shares outstanding41,624,457 shares as of Dec 31, 20255
  • AuditorMNP LLP, Calgary, Canada PCAOB ID 19305
  • On EDGAR sinceJul 21, 20152
  • Filings266 in all: 6-K (76), 4 (67), 8-K (29), 10-Q (18), CORRESP (11), NT 10-Q (9), 10-K (6), UPLOAD (6)2
    All 28 form types

    20-F (5), NT 10-K (4), NT 20-F (4), 10-Q/A (3), 20-F/A (3), 4/A (3), D (3), S-4/A (3), 6-K/A (2), DEF 14A (2), EFFECT (2), S-4 (2), 10-K/A (1), 144 (1), 424B3 (1), 424B5 (1), 8-A12G (1), 8-K/A (1), DEFA14A (1), PRE 14A (1)

  • Latest filingsAnnual report (20-F) May 27, 2026
    Quarterly report (10-Q) Nov 15, 2021
    Proxy statement (DEF 14A) Nov 12, 2021
    Latest 8-K (8-K) Nov 18, 2021

Sources

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