While on the hunt for new CFO, Trillion hand-picks interim one

Canada’s oil and gas player Trillion Energy has appointed an interim Chief Financial Officer (CFO) and is on the lookout for someone to fill the CFO role permanently.

David Thompson, a director and former CFO of the company, has been appointed to the interim CFO role. This comes after the employment of its former CFO, Ozge Karalli, was terminated with Park Place Energy, Trillion’s operating subsidiary in Türkiye.

The company stated that a transition leadership plan would be in place until a permanent CFO is confirmed. Thompson is a certified public accountant (CPA) with 30 years of financial experience within the international oil and gas industry in the U.S., Europe, and Turkmenistan.

He is the managing director of Bermuda-based AMS Limited, and his previous roles include president and CEO of Sea Dragon Energy, financial director of Forum Energy, and senior vice president at Larmag Group of Companies.

Another change at Trillion concerns the former director, Kubilay Yildirim, whose resignation is effective immediately. The search for a new director has been announced, and the company intends to find one by July 2024, when the next annual general meeting is planned.

The company is busy with its activities on a natural gas field in the Black Sea off Türkiye. Following a successful six-well development drilling program, Trillion disclosed the deployment of artificial lift solutions at a gas field in the Black Sea to monetize the reserves for sale.

Trillion has a 50% interest in 3 oil exploration blocks in Türkiye, 49% ownership of the SASB natural gas field, and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field, as well as a 100% interest in the Vranino 1-11 block in Bulgaria.