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Trillion Energy's (CSE:TCF) West Akcakoca well enters production

 Trevor Abes Trevor Abes , The Market Online
0 Comments| March 28, 2023

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  • Trillion (TCF) has released flow test results for the West Akcakoca-1 well at the SASB gas field offshore Turkey
  • The company perforated the well for a total of 7 m of natural gas pay on March 24, 2023, with flow tests coming in at a rate of 5.9 MMcf/day
  • The Guluc-2 well is expected to enter production in the coming days
  • Colin Robson, VP Corporate Development, spoke with Simon Druker about the news
  • Trillion Energy International is focused on natural gas production with assets in Turkey and Bulgaria
  • Trillion Energy International (TCF) last traded at $0.405 per share

Trillion (TCF) has released flow test results for the West Akcakoca-1 well at the SASB gas field offshore Turkey.

The company perforated the well for a total of 7 m of natural gas pay on March 24, 2023, with flow tests coming in at a rate of 5.9 MMcf/day. Shut-in pressure was 1,620 psi. The well will now enter long-term production.

Approximately 48 m of gas pay remains to be perforated, affording the well a long-term production horizon.

Also on March 24, the Uranus Rig was skidded over to the Guluc-2 well. Gas-bearing zones will soon be perforated to put the well into production in the coming days.

“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,” stated CEO, Arthur Halleran.

“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,” Halleran added.

Colin Robson, VP Corporate Development, spoke with Simon Druker about the news.

Trillion Energy International is focused on natural gas production with assets in Turkey and Bulgaria.

Trillion Energy International (TCF) last traded at $0.405 per share.




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