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South Akcakoca Sub-Basin (SASB) Natural Gas Project and Cendere Oil Field Asset Disposition

Sector: Oil and Gas • Location: Türkiye

Source: The Globe and Mail

Project
Sale Agreement Entered

Trillion Energy International Inc., through a subsidiary, has entered into a sale agreement for all shares of Park Place Energy Turkiye Limited, which owns licence interests in the South Akcakoca Sub-Basin natural gas project and the Cendere oil field. The transaction includes transfer of approximately US$20 million in liabilities to the purchaser and retention of a 7% Gross Overriding Royalty on

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The project “South Akcakoca Sub-Basin (SASB) Natural Gas Project and Cendere Oil Field Asset Disposition” is an infrastructure initiative in the Oil and Gas sector, located in Türkiye. Taiyo aggregates data on it from The Globe and Mail.

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Participants

Sponsoring Agency

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Status

Original status

sale agreement entered

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Email

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Description

Description

Trillion Energy International Inc., through a subsidiary, has entered into a sale agreement for all shares of Park Place Energy Turkiye Limited, which owns licence interests in the South Akcakoca Sub-Basin natural gas project and the Cendere oil field. The transaction includes transfer of approximately US$20 million in liabilities to the purchaser and retention of a 7% Gross Overriding Royalty on future production revenues from the licences.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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