TRILLION ENERGY REPORTS RECORD PRODUCTION +US$1,000,000 GROSS PRODUCTION REVENUE FOR AUGUST
Trillion Energy International reports robust financial performance for August, driven by substantial gas production from its Black Sea assets. The company achieved a gross production revenue of US$1,456,400 for August, with 100% gas production from SASB totaling 133.13 MMcf. Trillion’s 49% stake in the gas production yielded US$713,640, with a realized natural gas price of US$10.94 per Mcf.
Gas revenue from SASB comprises 95% from Guluc-2 and South Akcakoca-2, and 5% from West Akcakoca-1. Additionally, the gross oil revenue from Cendere fields amounted to US$342,700.
Trillion is exploring the installation of velocity strings to enhance production. CEO Arthur Halleran asserts that similar installations in legacy wells achieved a production average of 4.2 Bcf per well. The company aims to replicate this success by upgrading the current production tubing.
Trillion Energy International riporta una performance finanziaria robusta per agosto, sostenuta da una sostanziale produzione di gas dai suoi asset nel Mar Nero. L'azienda ha raggiunto un reddito lordo da produzione di US$1,456,400 per agosto, con il 100% della produzione di gas da SASB che ammonta a 133.13 MMcf. La quota del 49% di Trillion nella produzione di gas ha generato US$713,640, con un prezzo realizzato del gas naturale di US$10.94 per Mcf.
Le entrate da gas di SASB derivano per il 95% da Guluc-2 e South Akcakoca-2, e per il 5% da West Akcakoca-1. Inoltre, le entrate lorde da petrolio dai campi Cendere ammontano a US$342,700.
Trillion sta esplorando l'installazione di tubi di velocità per migliorare la produzione. Il CEO Arthur Halleran afferma che installazioni simili in pozzi esistenti hanno raggiunto una media di produzione di 4.2 Bcf per pozzo. L'azienda mira a replicare questo successo migliorando i tubi di produzione attuali.
Trillion Energy International informa sobre un rendimiento financiero sólido para agosto, impulsado por una considerable producción de gas de sus activos en el Mar Negro. La compañía logró unos ingresos brutos por producción de US$1,456,400 en agosto, con el 100% de la producción de gas de SASB totalizando 133.13 MMcf. La participación del 49% de Trillion en la producción de gas generó US$713,640, con un precio realizado del gas natural de US$10.94 por Mcf.
Los ingresos por gas de SASB provienen en un 95% de Guluc-2 y South Akcakoca-2, y en un 5% de West Akcakoca-1. Además, los ingresos brutos por petróleo de los campos Cendere ascendieron a US$342,700.
Trillion está explorando la instalación de cuerdas de velocidad para mejorar la producción. El CEO Arthur Halleran afirma que instalaciones similares en pozos heredados lograron un promedio de producción de 4.2 Bcf por pozo. La compañía busca replicar este éxito actualizando los tubos de producción existentes.
Trillion Energy International는 블랙 시 자산에서의 가스 생산에 힘입어 8월에 강력한 재무 성과를 보고했습니다. 이 회사는 8월에 US$1,456,400의 총 생산 수익을 달성했으며, SASB에서 100% 가스 생산량은 133.13 MMcf에 달합니다. Trillion의 가스 생산에 대한 49% 지분은 US$713,640를 창출했으며, 자연 가스의 성취된 가격은 Mcf당 US$10.94입니다.
SASB의 가스 수익은 Guluc-2 및 South Akcakoca-2에서 95%, West Akcakoca-1에서 5%를 차지합니다. 또한 Cendere 유전의 총 석유 수익은 US$342,700에 달했습니다.
Trillion은 생산 향상을 위해 속도 스트링 설치를 탐색하고 있습니다. CEO 아서 할러런은 기존 유정에서 유사한 설치로 인해 유정당 평균 4.2 Bcf의 생산량을 달성했다고 주장합니다. 회사는 현재의 생산 튜빙을 업그레이드하여 이 성공을 재현하는 것을 목표로 하고 있습니다.
Trillion Energy International rapporte une performance financière robuste pour le mois d'août, soutenue par une production de gaz substantielle de ses actifs en mer Noire. L'entreprise a réalisé un chiffre d'affaires brut de production de US$1,456,400 pour le mois d'août, avec 100 % de la production de gaz de SASB totalisant 133.13 MMcf. La participation de 49 % de Trillion dans la production de gaz a généré US$713,640, avec un prix réalisé du gaz naturel de US$10.94 par Mcf.
Les revenus tirés du gaz de SASB proviennent à 95 % de Guluc-2 et South Akcakoca-2, et à 5 % de West Akcakoca-1. De plus, les revenus bruts du pétrole des champs de Cendere s'élevaient à US$342,700.
Trillion explore l'installation de cordons de vitesse pour améliorer la production. Le PDG Arthur Halleran affirme que des installations similaires dans des puits anciens ont atteint une production moyenne de 4.2 Bcf par puits. L'entreprise vise à reproduire ce succès en modernisant les tubes de production actuels.
Trillion Energy International berichtet über eine robuste finanzielle Leistung für August, die durch eine erhebliche Gasproduktion aus seinen Schwarzes-Meer-Assets angetrieben wird. Das Unternehmen erzielte im August einen Bruttoertrag aus der Produktion von US$1,456,400, wobei die Gasproduktion von SASB 100% ausmachte und 133.13 MMcf betrug. Der 49%ige Anteil von Trillion an der Gasproduktion erwirtschaftete US$713,640, mit einem realisierten Preis für Erdgas von US$10.94 pro Mcf.
Der Gasumsatz aus SASB besteht zu 95% aus Guluc-2 und South Akcakoca-2 und zu 5% aus West Akcakoca-1. Darüber hinaus betrugen die Bruttoeinnahmen aus der Ölproduktion aus den Cendere-Feldern US$342,700.
Trillion untersucht die Installation von Geschwindigkeitssträngen zur Verbesserung der Produktion. CEO Arthur Halleran betont, dass ähnliche Installationen in Bestandsbohrungen einen Produktionsdurchschnitt von 4.2 Bcf pro Bohrung erzielten. Das Unternehmen strebt an, diesen Erfolg durch die Aufrüstung der aktuellen Produktionsrohre zu replizieren.
- Trillion Energy achieved gross production revenue of US$1,456,400 for August.
- Total gas production for August was 133.13 MMcf, with a realized price of US$10.94 per Mcf.
- Gross oil revenue from Cendere fields amounted to US$342,700.
- The company is exploring production optimization techniques, like velocity string installation, which could significantly increase gas flow rates.
- West Akcakoca-1 well has not stabilized, producing intermittently.
- Installation of velocity strings requires killing the wells, which poses operational challenges.
Black Sea Asset Drives Significant Gas Revenue Growth as Company Prepares for Velocity String Installation
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 oil and gas fields, highlighting robust performance and strategic developments.
During the month of August, the
The gas revenue from SASB is
Trillion Energy’s August performance underscores the company’s growing position in the European energy market. With the SASB gas field contributing significantly to revenue, Trillion is poised for future growth as it explores production optimization techniques. The potential installation of velocity string in the wells is expected to substantially increase gas production, mirroring the success of legacy wells that averaged 4.2 Bcf per well using 2 3/8” production tubing.
Trillion Energy is positioned to significantly enhance production through the installation of 2 3/8” velocity strings (VS), replacing the current 4 ½“tubing. This upgrade is expected to substantially increase gas flow rates. Everything is ready for changing out the production tubing from 4 ½” to 2 3/8” diameter tubing, velocity string installation (VS). To install the VS the wells have to be killed, but with the wells producing gas at these high daily rates killing the well is undesirable therefore the feasibility of installing the VS in a flowing well is being evaluated.
CEO Arthur Halleran stated:
“Trillion’s August gross revenue of US
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 was Trillion Energy’s total gross production revenue for August?
How much gas did SASB produce in August 2024?
What is the realized natural gas price for Trillion Energy in August 2024?
How much revenue did Trillion Energy generate from oil in Cendere fields?
What percentage of SASB gas production revenue came from Guluc-2 and South Akcakoca-2?
What operational challenges does Trillion Energy face with velocity string installation?
