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WEEKLY DRILLING REPORT MARCH 16, 2023

WELL: West Akcakoca-1

  • Days since move: 29
  • Progress: 115 metres
  • Measured Depth: 3839 metres

Week Summary:

  1. Drill 8 ½” x 9” hole to 3839 TD
  2. Evaluated the Logging while drilling data to define gas pay
  3. Prepare the borehole to receive the 7” casing and hangers
  4. Run in and cement 7” casing and WOC (wait on cement)
  5. Clean wellbore and prepare for completion string
  6. Petrophysical analysis completed to pick perforation intervals. 
Further Activities:
  1. Run in completion string, set packer, perforate, test and turn over to production
  2. Skid back over to Guluc 2 to perforate, test and turn over to production
 
55 metres of gas pay: upward surprise, which makes two now as Guluc 2 had 73 metres of gas pay, which gives a combined total for the two wells of 128 metres of gas pay.

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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