Trillion Energy International Inc. provided an update on the Company’s planned activities for 2021. The company expects oil and gas prices to continue to rebound during 2021 as the economy strengthens. 2020 was a challenging year for the oil and gas sector, with historic negative oil prices due to a sharp drop in demand as a result of COVID and temporary over-supply concerns abounded. Oil prices have now returned to pre-COVID levels, the current price of oil received is over $50/bbl, a $20/bbl improvement. Natural gas currently sells for $5.52/mcf. Two producing oil and gas fields continue to generate revenue. The Cendere Oil Field is producing 150 bopd and generating about $230,000/month for Trillion and the SASB Gas Field is producing 705 mcf/d and generating about $38,000/month for Trillion. The mandate for 2021 is to commence redevelopment of the SASB Gas field which was delayed from 2020 due to the associated slowdowns, COVID and energy markets conditions, which have only recently recovered. As part of the SASB Gas field Phase III work program, the company plan to drill five new wells and conduct two or more workovers, which target proven and probable gas reserves having a discounted Net Present Value to the Company after all costs, of $79.5million as evaluated by GLJ Petroleum Consultants. The Phase III work program will be followed by Phase IV and Phase V work programs to produce additional gas.