Trillion Energy International Inc (CSE:TCF)
Shares Issued 296,436,824
Last Close 3/28/2023 $0.395
Tuesday March 28 2023 - News Release
Mr. Art Halleran reports
TRILLION ENERGY'S WEST AKCAKOCA WELL ENTERS PRODUCTION
Trillion Energy International Inc. has released flow test results for the West Akcakoca-1 natural gas well at the SASB gas field offshore Turkiye.
The West Akcakoca well two lower D sands with a combined total of seven metres of natural gas pay were perforated on March 24, 2023. These two zones were flow tested at a rate of 5.9 million cubic feet per day. Shut-in pressure was 1,620 pounds per square inch. The well will now enter long-term production. Forty-eight metres of gas pay remains to be perforated in the future and will ensure a long-term production horizon for the well.
On March 24, 2023, the Uranus rig was skidded over to the Guluc-2 well. Preparations are currently being made to perforate the gas-bearing zones to put the well into production, which is expected in a matter of days.
Arthur Halleran, chief executive officer of Trillion, stated:"We are very pleased that our gas production is expected to double, with two additional wells entering production for April, 2023, for a total of four new producing wells from our SASB development program. Since [the] drilling program commenced last year, we have successfully drilled and produced from four out of four targets. Results to date demonstrate the long-reach directional technology being used to revitalize the SASB gas field is working well. Now is just the beginning of our planned development; many more wells are to come."
About Trillion Energy International Inc.
Trillion Energy is focused on natural gas production for Europe and Turkiye with natural gas assets in Turkiye and Bulgaria. The company is 49-per-cent owner of the SASB natural gas field, one of the Black Sea's first and largest-scale natural gas development projects; a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field; and, in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property.
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