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WEEKLY DRILLING REPORT MARCH 23, 2023

WELL: West Akcakoca-1

  • Days since move: 36
  • Progress: 0 metres
  • Measured Depth: 3839 metres

Week Summary:

  1. 7” casing liner cemented
  2. Clean wellbore for packer and completion
  3. Lay down drill pipes 
  4. Run cement log
  5. Run completion string and set production packer
  6. Nipple down BOP and nipple up Christmas tree (wellhead system)
  7. Dummy run prior to perforations (without explosives)
Further Activities:
  1. Perforate and test West Akaçakoca-1 well.
  2. Skid back over to Guluc 2 to perforate, test and turn over to production
 
Gas revenue generated from South Akcakoca-2 and Akcakoca-3 for February amounted to US$1.9 million, which was received on March 20th. Gas flow is set to double once West Akçakoca-1 and Guluc-2 commence production next week.

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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