NetworkNewsBreaks – Trillion Energy Internationa
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Posted On: 09/04/2024 4:55:01 PM
NetworkNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Reports Early Return on Investment at SASB Gas Field, Shares August Performance
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, noting that the SASB revitalization program realized the complete payback of recent perforation costs. According to the update, the Guluc-2, South Akcakoca-2, West Akcakoca-1 and Akcakoca-3 wells started production over a staggered period from July 9 to July 28 and have already produced 140MMcf, representing a 35-day payoff of the recent perforation CAPEX. Gas production from the Akcakoca platform has averaged 4.6 MMcf/d since the perforation program concluded.
The company also provided a production update for its oil and gas fields. This update highlighted robust performance and strategic developments, noting that the 100% gas production from SASB (95% from Guluc-2 and South Akcakoca-2 and 5% from West Akcakosa-1) was about 133.13 MMcf during August. This translated to gross revenue of US$1,456,400 and a Trillion 49% value of US$713,640 at a realized Natural Gas price of about US$10.94. The company’s gross oil revenue from Cendere was US$342,700. According to the update, the company realized a total gross production revenue of US$1,056,340 in August. Trillion Energy’s August performance underscores the company’s growing position in the European energy market.
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, noting that the SASB revitalization program realized the complete payback of recent perforation costs. According to the update, the Guluc-2, South Akcakoca-2, West Akcakoca-1 and Akcakoca-3 wells started production over a staggered period from July 9 to July 28 and have already produced 140MMcf, representing a 35-day payoff of the recent perforation CAPEX. Gas production from the Akcakoca platform has averaged 4.6 MMcf/d since the perforation program concluded.
The company also provided a production update for its oil and gas fields. This update highlighted robust performance and strategic developments, noting that the 100% gas production from SASB (95% from Guluc-2 and South Akcakoca-2 and 5% from West Akcakosa-1) was about 133.13 MMcf during August. This translated to gross revenue of US$1,456,400 and a Trillion 49% value of US$713,640 at a realized Natural Gas price of about US$10.94. The company’s gross oil revenue from Cendere was US$342,700. According to the update, the company realized a total gross production revenue of US$1,056,340 in August. Trillion Energy’s August performance underscores the company’s growing position in the European energy market.
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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