TRILLION ENERGY ANNOUNCES SUCCESSFUL SASB GAS PRODUCTION, HIGHLIGHTED BY ACCELERATED PAYBACK AND INCREASED PRODUCTION
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) has announced successful gas production at its SASB field in the Black Sea. The company completed four workovers as part of its strategic perforation program, resulting in increased gas production capacity. Key highlights include:
- Complete payback of recent perforation costs in just 35 days of production
- 140MMcf produced from July 9 to July 28
- South Akcakoca-2 well stabilizing at approximately 2.75 MMcf/d
- Guluc-2 well producing at a stable rate of about 1.25 MMcf/d
- Average gas production of 4.6 MMcf/d from the Akcakoca Platform
CEO Arthur Halleran expressed optimism about the field's robust production potential and plans to further stabilize gas production using velocity strings.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) ha annunciato con successo la produzione di gas nel suo campo SASB nel Mar Nero. L'azienda ha completato quattro interventi di riserva come parte del suo programma strategico di perforazione, risultando in aumenti della capacità di produzione di gas. I punti salienti includono:
- Recupero completo dei costi di perforazione recenti in soli 35 giorni di produzione
- 140MMcf prodotti dal 9 luglio al 28 luglio
- Il pozzo South Akcakoca-2 si stabilizza a circa 2,75 MMcf/d
- Il pozzo Guluc-2 produce a un tasso stabile di circa 1,25 MMcf/d
- Produzione media di gas di 4,6 MMcf/d dalla Piattaforma Akcakoca
Il CEO Arthur Halleran ha espresso ottimismo riguardo al robusto potenziale di produzione del campo e ai piani per stabilizzare ulteriormente la produzione di gas utilizzando tubi di velocità.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) ha anunciado con éxito la producción de gas en su campo SASB en el Mar Negro. La compañía completó cuatro trabajos de reparación como parte de su programa estratégico de perforación, lo que resultó en un aumento de la capacidad de producción de gas. Los puntos destacados incluyen:
- Recuperación total de los costos de perforación recientes en solo 35 días de producción
- 140MMcf producidos del 9 de julio al 28 de julio
- El pozo South Akcakoca-2 se estabiliza en aproximadamente 2,75 MMcf/d
- El pozo Guluc-2 produce a una tasa estable de aproximadamente 1,25 MMcf/d
- Producción media de gas de 4,6 MMcf/d desde la Plataforma Akcakoca
El CEO Arthur Halleran expresó optimismo sobre el robusto potencial de producción del campo y los planes para estabilizar aún más la producción de gas utilizando cuerdas de velocidad.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF)는 블랙 씨의 SASB 필드에서 성공적인 가스 생산을 발표했습니다. 이 회사는 전략적 천공 프로그램의 일환으로 네 번의 작업을 완료하여 가스 생산 능력 증가를 가져왔습니다. 주요 하이라이트는 다음과 같습니다:
- 최근 천공 비용을 단 35일의 생산 기간 내에 회수
- 7월 9일부터 7월 28일까지 140MMcf 생산
- South Akcakoca-2 우물은 약 2.75 MMcf/d로 안정화됨
- Guluc-2 우물은 약 1.25 MMcf/d의 안정적인 비율로 생산
- Akcakoca 플랫폼에서의 평균 가스 생산량은 4.6 MMcf/d
CEO Arthur Halleran은 이 분야의 강력한 생산 잠재력에 대한 낙관적인 의견을 표명하며, 속도 스트링을 사용하여 가스 생산을 더욱 안정화할 계획에 대해 언급했습니다.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) a annoncé une production de gaz réussie dans son champ SASB en mer Noire. La société a réalisé quatre interventions de travail dans le cadre de son programme de perforation stratégique, ce qui a entraîné une augmentation de la capacité de production de gaz. Les faits saillants incluent :
- Remboursement complet des coûts de perforation récents en seulement 35 jours de production
- 140MMcf produits du 9 juillet au 28 juillet
- Le puits South Akcakoca-2 se stabilise à environ 2,75 MMcf/d
- Le puits Guluc-2 produit à un rythme stable d'environ 1,25 MMcf/d
- Production moyenne de gaz de 4,6 MMcf/d depuis la plateforme Akcakoca
Le PDG Arthur Halleran a exprimé son optimisme quant au potentiel de production robuste du champ et aux plans visant à stabiliser davantage la production de gaz à l'aide de cordes de vitesse.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) hat erfolgreiche Gasproduktion in seinem SASB-Feld in der Schwarzen See angekündigt. Das Unternehmen hat vier Nacharbeitungen im Rahmen seines strategischen Bohrprogramms durchgeführt, was zu steigender Gasproduktionskapazität führte. Zu den wichtigsten Höhepunkten gehören:
- Vollständige Rückzahlung der jüngsten Bohrkosten in nur 35 Tagen Produktion
- 140MMcf produziert vom 9. Juli bis 28. Juli
- Der South Akcakoca-2-Brunnen stabilisiert sich bei etwa 2,75 MMcf/d
- Der Guluc-2-Brunnen produziert bei einer stabilen Rate von etwa 1,25 MMcf/d
- Durchschnittliche Gasproduktion von 4,6 MMcf/d von der Akcakoca-Plattform
CEO Arthur Halleran äußerte Optimismus hinsichtlich des robusten Produktionspotenzials des Feldes und plant, die Gasproduktion mit Geschwindigkeitssträngen weiter zu stabilisieren.
- Achieved complete payback of recent perforation costs in just 35 days of production
- Increased gas production capacity at the SASB field
- South Akcakoca-2 well stabilizing at approximately 2.75 MMcf/d
- Guluc-2 well producing at a stable rate of about 1.25 MMcf/d
- Average gas production of 4.6 MMcf/d from the Akcakoca Platform
- West Akcakoca-1 well experiencing production irregularities and has not yet stabilized
- Akcakoca-3 well initially did not produce gas flow
Successful Production and Completion of 4 Workovers, Marks a Major Milestone in Trillion's Strategic Perforation Program, Increasing Gas Production Capacity at the Black Sea Asset
Vancouver, B.C., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide this production update for the SASB gas field.
SASB revitalization program is off to a great start having realized the complete payback of recent perforation costs in just 35 days of production. In first phase of workover all remaining gas pay on the Akcakoca platform was perforated including three long reach deviated gas wells Guluc-2, South Akcakoca-2, West Akcakoca-1 wells and the recompleted legacy well Akcakoca-3, all drilled in the 2022/2023 program. The wells started production over a staggered period from July 9 to July 28 and have already produced 140MMcf representing a 35-day payoff of the recent perforation CAPEX.
South Akcakoca-2 has been producing for 36 days, stabilizing at approximately 2.75 MMcf/d. Guluc-2 has produced for over three weeks with an average production of 2.0 MMcf/d and now produces at a stable rate of about 1.25 MMcf/d. West Akcakoca-1 has produced an average of 0.60 MMcf/d for over two weeks with some irregularities and has not yet stabilized. Akcakoca-3 was perforated and although gas flow did not initially occur the well head pressure (“WHP”) has steadily increased from 100 psi to 478 psi and is therefore anticipated to start producing soon.
Gas production from the Akcakoca Platform has averaged 4.6 MMcf/d since the perforation program concluded.
CEO Arthur Halleran stated:
“The wells on the Akcakoca Platform have been completed successfully with gas production and WHP continuing to increase. This early return on our investment is a clear indicator of the field’s robust production potential. The results are very positive, giving us good indications that decreasing the production tubing size from 4 ½” to 2 3/8” using velocity strings, should stabilize gas production at the targeted rates.”
Trillion also announces that the Board of Directors of the Company has authorized the granting of stock options under its Stock Option Plan to purchase 8,800,000 common shares of the Company at an exercise price of
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 is
Contact
Arthur Halleran, Chief Executive Officer
Brian Park, Vice President of Finance
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, 2022 and updated January 31 2023.
FAQ
What is the current average gas production from Trillion Energy's Akcakoca Platform?
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How many wells were involved in Trillion Energy's (TRLEF) recent workover program at SASB?
