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Trillion Energy’s SASB Natural Gas Drilling Program Begins, Canadian Business Journal

VANCOUVER, British Columbia, September 19, 2022 (GLOBE NEWSWIRE) — Trillion Energy International Co., Ltd. (“Trillion” or “Company) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) successfully arrived last week’s mobilized Uranus rig, after delays caused by delays, to begin its multiwell drilling program in the SASB natural gas field. I am glad that To the maintenance and weather conditions of the Black Sea.

The Uranus Rig is located on the Akçakoca platform where the first well is being drilled. A total of three directional wells will be drilled from the Akçakoca platform, plus one re-completion of an existing well. The company estimates that four operations will be completed within his six months.

The company planned to pair the completion of the Akçakoca wells to reduce costs and rig skid time, but each well would produce gas upon completion and sell it to the market. First gas production is scheduled for early November 2022.

After work on the Akçakoca platform, the Uranus rig will move on to SASB’s next program of work on three platforms. The company has drilled/completed these first seven of his wells and has plans to drill an estimated 10 more wells before further exploration takes place.

CEO Arthur Halleran said:

“The commencement of drilling operations is a transformational step towards a brighter future for our company, drilling operations to secure the locally sourced gas supply needed during the winter months at prices above USD 30/mcf. Long-distance, highly-engineered production wells will allow gas production to be sold immediately under existing gas contracts, paid monthly, and the proceeds used to continue drilling new wells.”

Our development program initially includes seven production wells that will come online at a time when severe natural gas shortages threaten Europe and Turkiye. Drilling of 10 more targets is expected to follow. Natural gas prices continue to soar, breaking historic records as the coldest winter on record, expected to cause the worst supply shortages, looms.

About the company

Trillion is an oil and gas producer with multiple assets in Turkiye and throughout Bulgaria. The company is a 49% owner of the SASB natural gas field, one of the first and largest natural gas development projects in the Black Sea. His 19.6% interest in the Cendere field (excluding his three wells of 9.8%). In Bulgaria, it is the Vranino 1-11 block and a potential unconventional natural gas asset. For more information, please visit his website at www.sedar.com and our company.

Art Halleran: 1-250-996-4211
Headquarters: 1-778-819-1585
Email: [email protected]
Website: www.trillionenergy.com

Forward notes– look statement

This news release may contain certain forward-looking information and statements. regularaTrierapproval Appointment of Executive Officers and DirectorsExcept for statements of historical fact, all statements contained herein are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update forward-looking information, except in accordance with applicable securities laws.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Accordingly, actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors. These factors include unanticipated securities regulatory challenges, COVID, oil and gas price volatility, operational and geological risks, and our ability to raise the necessary funding for development. results of commercial negotiations; changes in technical or operating conditions; The cost of extracting gas and oil is so high that it may be uneconomical and unprofitable, and other factors, including the company’s annual report on recently filed forms, www.sedar.com are explained from time to time in the filing documents. 20-F and subsequent filings for Q1 2022. For a complete overview of Turkey’s oil and gas reserves information, please refer to Form F-1,2,3 51-101 filed at www.sedar.com. Alternatively, request a copy of the Reserves Report effective December 31, 2021 and the Probable Resources Report effective October 31, 2021.

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Trillion Energy’s SASB Natural Gas Drilling Program Begins, Canadian Business Journal

Source link Trillion Energy’s SASB Natural Gas Drilling Program Begins, Canadian Business Journal

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