- Trillion Energy (TCF) successfully completes oil well workovers in the Cendere oil field
- The workovers will result in significant production increases
- The company is now on track to exceed 2019 oil revenues for the Cendere
- Trillion Energy is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria
- Trillion Energy International (TCF) is down 13.79 per cent and is currently trading at C$0.125 per share
Trillion Energy International (TCF) completes oil well workovers in the Cendere oil field resulting in significant production increases.
The Cendere 13 well was re-completed resulting in daily gross production increasing from 245 bopd to 714 bopd. The Cendere 23 well was re-completed resulting in production increasing from 70 bopd to 100 bopd.
Trillion is now on track to exceed 2019 oil revenues for the Cendere field due to increases in production and the price of oil.
The Cendere has produced 20,851,770 bbls to date and current production is 1204 bopd from 14 wells. A total of 23 wells have been produced to date. In 2020, the best well produced 4,120,044 bbls and 8 of the 23 wells have each produced over 2,000,000 bbls.
Trillion’s reserves have only experienced a 4% decline since Dec 31, 2017.
Trillion Energy is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria.
Trillion Energy International (TCF) is down 13.79 per cent and is currently trading at C$0.125 per share as of 11:48 am EST.