- Trillion Energy (TCF) reported that it is fully funded to execute the initial seven well development program, as well as an additional 10 wells using cashflow generated from the first seven wells
- Trillion’s CEO, Art Halleran, sat down with Daniella Atkinson to discuss the news
- The company is midway through drilling its first new well in the multi-well development at the South Akcakoca Sub-Basin Gas Field (SASB) in the Black Sea, offshore Turkiye
- The first two wells are on schedule for completion and supply of natural gas by November
- Trillion Energy (TCF) opened trading at $0.435 per share
Trillion Energy (TCF) is fully funded to execute an initial seven-well development program and an additional 10 wells.
The company is midway through drilling its first new well in the multi-well development at the South Akcakoca Sub-Basin Gas Field (SASB) in the Black Sea, offshore Turkiye (formerly Turkey).
Trillion’s CEO, Art Halleran, sat down with Daniella Atkinson to discuss the news.
“The SASB region of the Black Sea has promising potential to supply much more gas to Turkiye and Europe as more production is brought online.”
This operation is expected to supply new natural gas to the region, as multiple sources of gas on which Europe has previously depended on are going go offline, such as the Nord Stream I & II pipelines, which are now non-operational following explosions last week. Last week Russia cut gas supplies to Italy, reduced Moldova’s gas supply by 30 per cent and announced the closure of the pipeline going through Ukraine to Europe.
Trillion Energy is an oil and gas company focused on natural gas production for Europe and Turkey with natural gas assets in Turkiye and Bulgaria. The company is 49 per cent owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects.
Trillion Energy (TCF) opened trading at $0.435 per share.
