NetworkNewsBreaks – Trillion Energy Internationa
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Posted On: 08/14/2024 3:49:04 PM
NetworkNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Provides Production Update for SASB Gas Field
Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided a production update for the SASB gas field. According to the update, successful production and completion of 4 workovers at Guluc-2, South Akcakoca-2, West Akcakoca-1, and Akcakoca-3 wells on the Akcakoca Platform marks a major milestone in the company’s strategic perforation program, increasing gas production capacity at the Black Sea asset. Gas production from the Akcakoca Platform has averaged 4.6 MMcf/d since the perforation program concluded. The update noted that the SASB revitalization program realized the complete payback of recent perforation costs in just 35 days of production.
“The wells on the Akcakoca Platform have been completed successfully with gas production and well head pressure (“WHP”) continuing to increase. This early return on our investment is a clear indicator of the field’s robust production potential. The results are very positive, giving us good indications that decreasing the production tubing size from 4 ½” to 2 3/8” using velocity strings, should stabilize gas production at the targeted rates,” said CEO Arthur Halleran.
NOTE TO INVESTORS: The latest news and updates relating to TRLEF are available in the company’s newsroom at https://nnw.fm/TRLEF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided a production update for the SASB gas field. According to the update, successful production and completion of 4 workovers at Guluc-2, South Akcakoca-2, West Akcakoca-1, and Akcakoca-3 wells on the Akcakoca Platform marks a major milestone in the company’s strategic perforation program, increasing gas production capacity at the Black Sea asset. Gas production from the Akcakoca Platform has averaged 4.6 MMcf/d since the perforation program concluded. The update noted that the SASB revitalization program realized the complete payback of recent perforation costs in just 35 days of production.
“The wells on the Akcakoca Platform have been completed successfully with gas production and well head pressure (“WHP”) continuing to increase. This early return on our investment is a clear indicator of the field’s robust production potential. The results are very positive, giving us good indications that decreasing the production tubing size from 4 ½” to 2 3/8” using velocity strings, should stabilize gas production at the targeted rates,” said CEO Arthur Halleran.
NOTE TO INVESTORS: The latest news and updates relating to TRLEF are available in the company’s newsroom at https://nnw.fm/TRLEF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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