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WEEKLY DRILLING REPORT MARCH 10, 2023

WELL: West Akcakoca-1

  • Days since move: 23
  • Progress: 587 metres
  • Measured Depth: 3724 metres

Week Summary:

  1. Drill 8 ½” x 9” hole to 3724
Further Activities:
  1. Drill 8 ½” x 9” hole to TD of about 3820 metres (finished by Friday)
  2. Evaluate the gas readings in the mud logging
  3. Run in and cement 7” casing
  4. Clean borehole, perforate, test and turn over to production
  5. Skid back over to Guluc 2 to perforate, test and turn over to production
 
Well drilling activity is going as expected. 

Trillion Energy is focused on natural gas production for Europe and Türkiye with natural gas assets in Türkiye and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects.

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Cautionary Statement Regarding Forward-Looking Statements 

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company's ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.


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