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Trillion Energy (CSE:TCF) discovers 55+ metres of potential gas pay at the SASB field

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CSE:TCF
14 March 2023 13:15 (EST)

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Trillion Energy (TCF) announced the preliminary gas indications from the West Akcakoca 1 well.

It is the fourth well in the company’s multi-well program at the South Akçakoca Sub-Basin (SASB), Black Sea.

West Akcakoca 1 reached 3,839 metres total measured depth and true vertical depth of 1,677 metres. During the drilling, as much as 55 metres of potential natural gas pay was discovered.

The production casing will be run in and cemented this week. Completion and flow testing will occur once the well is perforated, with revenue being generated before the end of the month.

After the West Akcakoca 1 well is complete, the rig will be moved back to the Guluc-2 well, which is scheduled to be put into production by the end of March.

CEO Arthur Halleran sat down with Sabrina Phillips to discuss the updates.

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$0.36.


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