• Trillion Energy (TCF) has announced that the Uranus drilling rig is expected to arrive at the SASB natural gas field, Black Sea on August 29th
  • CEO Arthur Halleran sat down with Daniella Atkinson to discuss the news
  • Final inspection and acceptance are anticipated on or about August 26th, then the rig will be hauled by marine ships to the SASB Gas field
  • Trillion is an oil and gas company with assets throughout Turkey and Bulgaria
  • Trillion Energy International Inc. (TCF) opened trading at C$0.39

Trillion Energy (TCF) has announced that the Uranus drilling rig is expected to arrive at the SASB natural gas field on August 29th.

CEO Arthur Halleran sat down with Daniella Atkinson to discuss the news.

“We are pleased to announce a clear path to drilling and gas production. We are counting the days before we embark on this historical achievement to bring substantial new gas production into the region at a critical time”.

The rig is currently undergoing an inspection, survey and permitting process. The process is going as planned, with no major issues identified to date. Final inspection and acceptance are anticipated on or about August 26th, then the rig will be hauled by marine ships to the SASB Gas field.

When the rig arrives, it will be positioned at the Akcakoca offshore production platform. Positioning and jack up of the rig should take a day, weather permitting. Other preparations will take 2 more days before the first well is spud on or about September 1 this year.

Trillion Energy is an oil and gas producer with assets in Turkey and Bulgaria. The company’s Turkish assets include interests in the SASB natural gas field and the Cendere oil field. In Bulgaria, the company holds a prospective unconventional natural gas property, the Vranino 1-11.

Trillion Energy International Inc. (TCF) opened trading at C$0.39.


More From The Market Online

Unsung profits: Three microcap stocks with a strong case for value

A key factor behind picking winning microcap value stocks is identifying dislocations between company performance and market perception.
Stock market chart up

@ the Bell: TSX joins upward movement among markets

Optimism spread across the globe's major markets Tuesday, including strong gains in the Toronto Stock Exchange.
Baytex Energy - Shot from Q1 2022 drilling at the Peavine partnership in Alberta.

Baytex Energy sends a value signal to the market

Baytex Energy (TSX:BTE) piques investor interest after securing the right to buy up to 10 per cent of its public float in the U.S.

@ the Bell: Global markets make a comeback, but gold sinks

Canada’s main stock index followed markets around the globe on Monday and marched higher, recouping some losses from the dud of a week prior.