- Trillion Energy International (TCF) announced that the Uranus rig is slated to depart for SASB on September 8, arriving on September 11
- The first new gas production is expected around the end of October, 2022
- The company’s multi-well development program includes seven natural gas production wells
- Trillion is an oil and gas company with assets throughout Turkey and Bulgaria
- Trillion Energy International Inc. (TCF) opened trading at C$0.495
Trillion Energy International (TCF) announced that the Uranus rig is slated to depart for SASB on September 8, arriving on September 11.
Arthur Halleran Trillion Energy CEO, commented on the news.
“As investors have been eagerly anticipating and requesting daily updates on the rig mobilization for our drilling program; I have been personally keeping on top of the rig status on a daily basis. I am confident the September 8th departure date will allow us the time to have the necessary rig repairs identified and completed.”
He added,
“As Trillion is now able to sell its natural gas production for US$30.68/mcf; and with the news today of Russia shutting off all natural gas supply from the Nord-Stream pipeline until sanctions are lifted, we expect further upward price pressure on natural gas to occur over the winter. With the drilling rig arriving September 11th, the first new gas production is expected around the end of October, 2022 which will capture the high gas prices.”
The company’s multi-well development program includes seven natural gas production wells set to come online during a time when acute natural gas shortages are menacing Europe and Turkey.
Trillion Energy is an oil and gas producer with assets in Turkey and Bulgaria. The company’s Turkish assets include interests in the SASB natural gas field and the Cendere oil field. In Bulgaria, the company holds a prospective unconventional natural gas property, the Vranino 1-11.
Trillion Energy International Inc. (TCF) opened trading at C$0.495.