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TRILLION ENERGY ANNOUNCES SASB FLOW UPDATE

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Trillion Energy International (CSE: TCF, OTCQB: TRLEF) has provided an update on flow rates and well perforations at the SASB gas field. Key highlights include:

- South Akcakoca-2: Stabilized well head pressure (WHP) at 371 psi, producing 1.94 MMcf/d using a 42/64" choke.
- Guluc-2: Currently producing 3.35 MMcf/d with a WHP of 484 psi using a 32/64" choke.
- West Akcakoca-1: Two of five zones perforated, showing promising WHP increase from 1150 psi to 1350 psi.
- Akcakoca-3: Perforated over 11 metres of gas pay, expecting 2 MMcf/d production upon velocity string installation.

The company anticipates improved results as remaining zones are perforated and production equipment is installed.

Trillion Energy International (CSE: TCF, OTCQB: TRLEF) ha fornito un aggiornamento sui tassi di flusso e sulle perforazioni nei pozzi nel campo di gas SASB. I punti salienti includono:

- South Akcakoca-2: pressione del pozzo stabilizzata (WHP) a 371 psi, producendo 1.94 MMcf/d utilizzando un choke da 42/64".
- Guluc-2: attualmente produce 3.35 MMcf/d con un WHP di 484 psi utilizzando un choke da 32/64".
- West Akcakoca-1: due delle cinque zone perforate, mostrando un promettente aumento del WHP da 1150 psi a 1350 psi.
- Akcakoca-3: perforato oltre 11 metri di gas pay, ci si aspetta una produzione di 2 MMcf/d al momento dell'installazione del tubo di velocità.

L'azienda prevede risultati migliorati con la perforazione delle zone rimanenti e l'installazione dell'attrezzatura di produzione.

Trillion Energy International (CSE: TCF, OTCQB: TRLEF) ha proporcionado una actualización sobre los flujos y las perforaciones de pozos en el campo de gas SASB. Los aspectos destacados incluyen:

- South Akcakoca-2: presión de cabeza de pozo estabilizada (WHP) en 371 psi, produciendo 1.94 MMcf/d con un choke de 42/64".
- Guluc-2: actualmente produce 3.35 MMcf/d con un WHP de 484 psi usando un choke de 32/64".
- West Akcakoca-1: dos de cinco zonas perforadas, mostrando un aumento prometedor en el WHP de 1150 psi a 1350 psi.
- Akcakoca-3: perforado más de 11 metros de gas pay, se espera una producción de 2 MMcf/d tras la instalación del string de velocidad.

La empresa anticipa mejores resultados a medida que se perforan las zonas restantes y se instala el equipo de producción.

트릴리온 에너지 인터내셔널 (CSE: TCF, OTCQB: TRLEF)는 SASB 가스전의 유량 및 우물 천공에 대한 업데이트를 제공했습니다. 주요 하이라이트는 다음과 같습니다:

- South Akcakoca-2: 안정된 우물 헤드 압력(WHP) 371 psi에서 1.94 MMcf/d 생산, 42/64" 초크 사용.
- Guluc-2: 현재 3.35 MMcf/d 생산, WHP 484 psi, 32/64" 초크 사용.
- West Akcakoca-1: 다섯 개 구역 중 두 개 구역을 천공하였으며, WHP가 1150 psi에서 1350 psi로 증가하는 긍정적인 신호를 보이고 있습니다.
- Akcakoca-3: 11미터 이상의 가스 페이 층이 천공되었으며, 속도관 설치 후 2 MMcf/d의 생산을 기대하고 있습니다.

회사는 나머지 구역이 천공되고 생산 장비가 설치됨에 따라 개선된 결과를 예상하고 있습니다.

Trillion Energy International (CSE: TCF, OTCQB: TRLEF) a fourni une mise à jour sur les débits et les perforations de puits dans le champ gazier SASB. Les points clés incluent :

- South Akcakoca-2 : Pression stabilisée au niveau de la tête de puits (WHP) à 371 psi, produisant 1,94 MMcf/j avec un choke de 42/64".
- Guluc-2 : Actuellement produit 3,35 MMcf/j avec un WHP de 484 psi en utilisant un choke de 32/64".
- West Akcakoca-1 : Deux des cinq zones perforées montrent une augmentation prometteuse du WHP de 1150 psi à 1350 psi.
- Akcakoca-3 : Plus de 11 mètres de gaz pay ont été perforés, une production de 2 MMcf/j est attendue après l'installation du tuyau de vitesse.

L'entreprise prévoit des résultats améliorés à mesure que les zones restantes sont perforées et que l'équipement de production est installé.

Trillion Energy International (CSE: TCF, OTCQB: TRLEF) hat ein Update zu den Durchflussraten und Bohrungen in den SASB-Gasfeld bereitgestellt. Die wichtigsten Highlights sind:

- South Akcakoca-2: Stabilisierte Bohrkopfdrücke (WHP) von 371 psi, produziert 1,94 MMcf/d mit einem 42/64" Choke.
- Guluc-2: Aktuell produziert 3,35 MMcf/d bei einem WHP von 484 psi mit einem 32/64" Choke.
- West Akcakoca-1: Zwei der fünf Zonen wurden perforiert und zeigen einen vielversprechenden Anstieg des WHP von 1150 psi auf 1350 psi.
- Akcakoca-3: Über 11 Meter Gasbezirk wurden perforiert, es wird eine Produktion von 2 MMcf/d nach Installation der Geschwindigkeitsleitung erwartet.

Das Unternehmen erwartet verbesserte Ergebnisse, da die verbleibenden Zonen perforiert und die Produktionsanlagen installiert werden.

Positive
  • Guluc-2 well is producing 3.35 MMcf/d with a WHP of 484 psi
  • South Akcakoca-2 well is producing 1.94 MMcf/d with a stabilized WHP of 371 psi
  • West Akcakoca-1 well shows promising WHP increase from 1150 psi to 1350 psi after initial perforations
  • Akcakoca-3 well is expected to produce about 2 MMcf/d upon velocity string installation
Negative
  • West Akcakoca-1 well perforations delayed due to waiting for a replacement tool
  • Akcakoca-3 well showed no observable WHP increase, likely due to water loading

Vancouver, B.C., July 24, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide an update on the flow rates and well perforations at the SASB gas field.

South Akcakoca-2 - Updates on the flow rates are as follows: well head pressure (“WHP”) has stabilized at 371 psi and the well was recently producing 1.94 MMcf/d using 42/64” choke.

Guluc-2 - Initial flow was diverted to the platform vent line with a 64/64” choke where producing WHP was about 350 psi, the well was shut in and within 40 minutes the WHP increased to 1200 psi. Guluc-2 is currently producing at 3.35 MMcf/d with a WHP of 484 psi using a 32/64” choke.

West Akcakoca-1 -Only two of the five zones slated for perforations have been completed at this time due a wait for a replacement tool expected to arrive Thursday. The two perforated zones contain 5 metres gas pay, where WHP went from 1150 psi to 1350 psi. Three more gas zones totaling an additional 4 metres are expected be perforated, after which the well will be tested and flowed. We expect good results based on the initial WHP increase.

Akcakoca-3 was perforated over 11 metres of gas pay with no observable WHP increase, most likely due to water loading, which is currently at 315 metres depth. The well is expected to come back on at about 2 MMcf/d upon installation of a velocity string (2 3/8 production tubing).

Images of the velocity strings ready for installation are now available at Trillion’s social media platforms.

About the Company

Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company holds a 49% interest in the SASB natural gas field, a Black Sea natural gas development and 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company also is pursuing oil exploration in S.E. Turkiye and beyond. More information may be found on www.sedar.com, and our website.

Contact
Arthur Halleran
1-778-819-1585
e-mail: info@trillionenergy.com;
Website: www.trillionenergy.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company's ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.

These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company’s filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedar.com, and or request a copy of our reserves report effective December 31, 2023.


FAQ

What is the current production rate of the Guluc-2 well for Trillion Energy (TRLEF)?

According to the latest update, the Guluc-2 well is currently producing 3.35 MMcf/d with a well head pressure of 484 psi using a 32/64" choke.

How many zones have been perforated in the West Akcakoca-1 well of Trillion Energy (TRLEF)?

As of the latest update, only two out of the five planned zones have been perforated in the West Akcakoca-1 well due to a delay in receiving a replacement tool.

What is the expected production rate for the Akcakoca-3 well of Trillion Energy (TRLEF) after installing the velocity string?

Trillion Energy expects the Akcakoca-3 well to produce about 2 MMcf/d once the velocity string (2 3/8 production tubing) is installed.

What is the current production rate of the South Akcakoca-2 well for Trillion Energy (TRLEF)?

The South Akcakoca-2 well was recently producing 1.94 MMcf/d using a 42/64" choke, with a stabilized well head pressure of 371 psi.

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