Trillion Energy (CSE:TCF) reports further production growth

Trillion (TCF) has unveiled flow test results for the Guluc-2 natural gas well at the SASB gas field offshore Turkey
Flow rates peaked at 16.35 MMcf/day with an initial production rate of about 6 MMcf/day
Results stem from only 6 of 73 m of gas pay
CEO Arthur Halleran spoke with Brieanna McCutcheon about the news
Trillion Energy International is focused on natural gas production with assets in Turkey and Bulgaria
Trillion Energy International (TCF) last traded at $0.395 per share

Trillion (TCF) has unveiled flow test results for the Guluc-2 natural gas well at the SASB gas field offshore Turkey.

Yesterday, the company perforated and tested 5.5 m of the lower sands in Guluc-2. Flow rates peaked at 16.35 MMcf/day. Shut-in pressure was measured at 2,000 psi.

The well will now enter long-term production with an initial production rate of about 6 MMcf/day.

The Guluc-2 well has discovered 73 m of gas pay across 14 separate intervals. Current flow test results and production stem from only 6 m of gas pay, leaving 67 m to be perforated.

The well has the thickest stacked pay and highest flow test rates measured to date in Trillion’s drilling program.

The company has mobilized the Uranus Rig to the East Ayazli Tripod to begin the drilling of the Bayhanli-2 well, which has 2P reserves of 4.2 Bcf (Trillion’s 49-per-cent interest).

“The Guluc-2 well marks a significant success and will be an excellent producer for years to come. It is the fourth successful gas well in our program, which has now been significantly de-risked from both a geological and engineering standpoint. Guluc-2 is the longest-reach well to date – over 3 kilometers horizontal distance,” stated Arthur Halleran, CEO of Trillion.

Halleran spoke with Brieanna McCutcheon about the news.

Trillion Energy International is focused on natural gas production with assets in Turkey and Bulgaria.

Trillion Energy International (TCF) last traded at $0.395 per share.

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