Vancouver, B.., May 17, 2023 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce the preliminary gas indications from the Bayhanli 2 well, the fifth well in our multi-well program at the SASB gas field, Black Sea, Turkiye. On May 13, 2023, Bayhanli 2 reached 3,425 metres total measured depth (TMD) and true vertical debt (TVD) of 1,231 metres, and discovered an abundance of gas pay.
Initial petrophysical analysis has indicated about total 43 metres gas pay in 6 Sand Units of Akcakoca Member. The thickest pay (14 metres) is in the E Sand and (13 metres) in AA Sand. The 7” production casing is been run in and cemented. The initial perforation intervals are currently being selected to bring the well into production. Completion and flow testing will occur once the well is perforated, with results to be announced next week.
Bayhanli 2 is expected to start generating revenue at the end of May 2023. After completion of the Bayhanli 2 well, the rig will be moved to the Akkaya Tripod to start drilling the Alapli 2 well.
Arthur Halleran CEO of Trillion stated:
“The Bayhanli 2 well gives Trillion Energy 5 wells for 5 activities now at SASB. We are in the process of evaluating how to maximize the gas production from each well as more wells are brought into production. One avenue is to hire an engineering firm that specializes in multi-well gas fields that have different production pressures.”
About the Company
Trillion Energy is focused on natural gas production for Europe and Turkey with natural gas assets in Turkiye and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects; a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. More information may be found on www.sedar.com, and our website.