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Trillion Energy (CSE:TCF) drills new wells in its multiwell program

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CSE:TCF
13 December 2022 12:30 (EDT)

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Trillion Energy (TCF) has begun drilling the Guluc-2 natural well at the South Akçakoca Sub-Basin (SASB), Black Sea.

The Vancouver-based energy company also completed the West Akcakoca-1 well 17 ½” diameter section to 1,008 metres depth.

Once drilling is done, the Guluc-2 well will be cased, perforated, and tested. The rig will move back to and complete the West Akcakoca-1 well once this work is done. Both well operations involve long-reach directional wells drilled from the Akçakoca platform, targeting gas reserves at the East and West flanks of the Akçakoca gas field.

After the two wells have been successfully drilled, natural gas will be produced and sold to the market almost immediately. The Guluc-2 well is expected to commence production towards the end of January 2023, while West Akcakoca-1 is expected to be completed during March 2023.

The number of new producing wells at SASB will increase from two to four upon the completion of Guluc-2 and West Akcakoca-1.

After these wells at the Akçakoca platform are completed, the rig will move to the East Ayazli tripod.

VP of Corporate Development Colin Robson sat down with Daniella Atkinson to discuss the news.

Trillion Energy is an oil and gas company focused on natural gas production for Europe and Turkiye, with natural gas assets in Turkiye and Bulgaria. The company is 49 per cent owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects.

Trillion Energy Inc. (TCF) opened trading at C$0.44.


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