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Trillion Energy Announces Akcakoca-3 Well Production
9:00 AM ET, 09/10/2024 - GlobeNewswire
Vancouver, B.C. , Sept. 10, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc.(“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce that the Akcakoca-3 well at the SASB Gas Field has now been put into production.
On July 17, 2024, eleven (11) meters of gas pay was perforated in the Akcakoca-3 well, however, due to delayed pressure build up, was not initially produced.
By Friday September 6th, 2024 the well head pressure (WHP) for Akcakoca-3 had increased to 616 psi and the well was put into production. Initial production flow rates were 4.28 MMcf/d which increased to 4.66 MMcf/d with WHP increasing to 645 psi.
At the same time, Alapli-2 was opened to test pressure resulting in gas flow to surface, however, is not producing gas in significant quantities at this time -production is pending installation of velocity strings.
“We are thrilled with the strong performance of Akcakoca-3 and the successful flow tests at Alapli-2, “said Arthur Halleran, CEO of Trillion Energy. “All the wells except Bayhanli-2 have now been put on production or flow tested to ascertain if gas is present and capable of production in the 4 ½” production tubing. This confirms that once the 2 3/8” is installed in the wells the gas will flow in a predictable and stable manner.”
Based on today's news they just added 700k per month to revs by putting Akcakoca-3 into production.
September 4, 2024
Trillion Energy Reports Record Production +US$1,000,000 Gross Production Revenue For August
Black Sea Asset Drives Significant Gas Revenue Growth as Company Prepares for Velocity String Installation
September 4, 2024 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide this production update for oil and gas fields, highlighting robust performance and strategic developments.
During the month of August, the 100% gas production from SASB was about 133.13 MMcf giving a gross total of US$1,456,400 and a Trillion 49% value of US$713,640 with a realized Natural Gas price of about US$10.94. Trillion’s gross oil revenue from Cendere is US$342,700. Trillion’s total gross production revenue for August is US$1,056,340.
The gas revenue from SASB is 95% from Guluc-2 and South Akcakoca-2, both stabilized and 5% from West Akcakoca-1 which has not stabilized and produces intermittently. SASB’s total average production for August was 4.6 MMcf/d. Akcakoca-3 well head pressure (WHP) has continued to increase to a current 583 psi compared to the initial WHP of 100 psi and early this week the well will be opened for a flow test.
Trillion Energy’s August performance underscores the company’s growing position in the European energy market. With the SASB gas field contributing significantly to revenue, Trillion is poised for future growth as it explores production optimization techniques. The potential installation of velocity string in the wells is expected to substantially increase gas production, mirroring the success of legacy wells that averaged 4.2 Bcf per well using 2 3/8” production tubing.
Trillion Energy is positioned to significantly enhance production through the installation of 2 3/8” velocity strings (VS), replacing the current 4 ½“tubing. This upgrade is expected to substantially increase gas flow rates. Everything is ready for changing out the production tubing from 4 ½” to 2 3/8” diameter tubing, velocity string installation (VS). To install the VS the wells have to be killed, but with the wells producing gas at these high daily rates killing the well is undesirable therefore the feasibility of installing the VS in a flowing well is being evaluated.
CEO Arthur Halleran stated:
“Trillion’s August gross revenue of US$1.46 Million illustrates the future potential of increasing the monthly revenue once we have more than just two gas wells producing. The VS (2 3/8” production tubing) installation in all 6 wells will substantially increase the gas production at SASB. The 10 legacy wells at SASB between 2007 and 2021 produced a total of 42.19 Bcf of gas utilizing 2 3/8” production tubing, about 4.2 Bcf/well. We can expect the same with our wells once we put in the 2 3/8”. Even with the 4 ½” production tubing we have produced 2.71 Bcf of gas from our 2022/23 wells. Our gas price is US$10.94/mcf whereas the Henry Hub Gas spot price is US$1.91.”
About the Company
Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company is 49% owner of the SASB natural gas field, a Black Sea natural gas development and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in 3 oil exploration blocks in S.E. Türkiye. More information may be found on www.sedar.com, and our website.
Contact
Arthur Halleran, Chief Executive Officer
Brian Park, Vice President of Finance
1-778-819-1585
e-mail: info@trillionenergy.com;
Website: www.trillionenergy.com
ACCELERATEDTRILLION ENERGY ANNOUNCES SUCCESSFUL SASB GAS PRODUCTION, HIGHLIGHTED BY ACCELERATED PAYBACK AND INCREASED PRODUCTION
9:00 AM ET, 09/04/2024 - GlobeNewswire
Vancouver, B.C., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc.(“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide this production update for the SASB gas field.
SASB revitalization program is off to a great start having realized the complete payback of recent perforation costs in just 35 days of production. In first phase of workover all remaining gas pay on the Akcakoca platform was perforated including three long reach deviated gas wells Guluc-2, South Akcakoca-2, West Akcakoca-1 wells and the recompleted legacy well Akcakoca-3, all drilled in the 2022/2023 program. The 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.
South Akcakoca-2 has been producing for 36 days, stabilizing at approximately 2.75 MMcf/d. Guluc-2 has produced for over three weeks with an average production of 2.0 MMcf/d and now produces at a stable rate of about 1.25 MMcf/d. West Akcakoca-1 has produced an average of 0.60 MMcf/d for over two weeks with some irregularities and has not yet stabilized. Akcakoca-3 was perforated and although gas flow did not initially occur the well head pressure (“WHP”) has steadily increased from 100 psi to 478 psi and is therefore anticipated to start producing soon.
Gas production from the Akcakoca Platform has averaged 4.6 MMcf/d since the perforation program concluded.
CEO Arthur Halleran stated:
“The wells on the Akcakoca Platform have been completed successfully with gas production and 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.”
Trillion also announces that the Board of Directors of the Company has authorized the granting of stock options under its Stock Option Plan to purchase 8,800,000 common shares of the Company at an exercise price of $0.14 per share for a five-year term expiring August 12, 2029. The stock options are being granted to certain directors, officers, employees and consultants of the Company.
About the CompanyTrillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company is 49% owner of the SASB natural gas field, a Black Sea natural gas development and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in 3 oil exploration blocks in S.E. Türkiye. More information may be found on www.sedar.com, and our website.
ContactArthur Halleran, Chief Executive OfficerBrian Park, Vice President of Finance1-778-819-1585e-mail: info@trillionenergy.com; Website: www.trillionenergy.com
Lotsa buying @ $3.15 yesterday
Art needs to return to giving weekly drilling updates.
POS gettin ready for a pop
Nice....
Sure would like to hear what's going
on with SE Turkiye.
Picked up some below .07
Thinking we’re turning the corner here…
Picked up some TRLEF below .07
Figure we are finally turning the corner here …
Not a lot to chew on here…
BOING @ open.....
Accounting fraud comes to mind.
Insiders buying $3.88
Crude dropping
https://tradingeconomics.com/commodities
Anyone else sniffing around?
Harry needs to take lessons from NAT
The CEO should be shot !
Fleet increased to 20 ships now.
This purchase will increase our fleet to 20 suezmaxes.
The vessel will be included in our fleet within this quarter, entering a strong market for our ships. We expect the vessel to generate positive cashflow and be a dividend contributor from day one.
I second
Offering
Should of waited till 01/2024 for reverse split
Big turning point day for Orbital as a company.
$CRKN adtx runner
Just bought a chunk, looking good going into close.
CRKN naked shorting here makes it prime candidate for short squeeze run up.
IMPP sucks as an Investment.
Everyone st.ay a.
way, IMPP sucks as investment Harry running it into the ground. Sorry about your loss Silver. Your a good PE
Person and will make it up in the long run. Harry running it into the ground...
I hope you don't own any of this POS
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
What happened at 6:30am for this to pop ?
Russian Black Sea Fleet Intrudes Bulgarian Waters, Harasses Turkish Grain Freighter
Publication: Eurasia Daily Monitor Volume: 20 Issue: 131
By: Vladimir Socor
August 15, 2023 06:13 PM Age: 23 hours
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(Source: Moscow Times)
On August 13, a warship of Russia’s Black Sea Fleet executed a board-and-search operation of a Turkish freighter that was passing through Bulgaria’s exclusive economic zone (EEZ) en route to Ukraine to load grain. The Russian crew fired warning shots from automatic weapons to intimidate the Turkish vessel into compliance.
According to the Russian Defense Ministry’s communiqué, the corvette Vasily Bykov “forced to a halt” the Turkish dry-cargo freighter Sükrü Okan, which was headed for the Ukrainian Port of Izmail in the Danube’s estuary. The Russian warship cited a purported right to “search for prohibited goods being transported,” without specifying what goods and which authority had prohibited them. The warship radioed warnings and opened fire from automatic weapons when the freighter attempted evasive maneuvers. The Russian boarding team alighted from a Ka-29 helicopter (organic to the corvette) onto Sükrü Okan’s deck, “conducted inspection work” on the vessel and allowed it to proceed toward Izmail. The communiqué locates the incident “in the south-western part of the Black Sea” without specification, cryptically adding that “Russian Black Sea Fleet warships continue patrolling the areas to which they are assigned” (TASS; T.me/mod_russia, August 13). Those areas are known to include Bulgaria’s EEZ (see EDM, August 3).
The Russian communiqué framed this action in terms designed to set a usable precedent for Russia to repeat such actions and for other parties to comply with them. It does not specify what prohibited goods were being searched for, nor which authority had prohibited them. All this implies a Russian self-arrogated, blanket authority to stop and search ships. Even more brazenly, this action took place within a third country’s (Bulgaria’s) EEZ, wherein the Russian warship had been “conducting exercises” for several weeks. In truth, this is the first incident on record in which the Russian military has opened fire—if only with light weapons—on a non-Ukrainian civilian target beyond Ukraine’s territory or waters in the Black Sea.
According to multiple ship-tracking services, the Sükrü Okan had departed from Istanbul that morning and had just crossed from the Turkish EEZ into the Bulgarian EEZ when the Vasily Bykov intercepted it (Agerpres; Der Spiegel, August 13, 14).
Map of Sükrü Okan’s Route
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(Source: Dumskaya.net)
Turkish-owned and Palau-flagged, with an all-Turkish crew of 12, the Sükrü Okan is a 283-foot merchant ship that had routinely carried grain from Danube ports and was empty at the time of the Russian “inspection.” A widely circulated video made by the crew shows crew members passively sitting on the deck while the Russian helicopter is about to drop the boarding team, then the team walks on the deck. The Russians then searched the cabins looking through various documents.
Russia announced naval exercises with corresponding warning zones in Bulgaria’s EEZ from July 17 onward; it has renewed the notification to the Bulgarian government for 10 days at a time since then (Kapital; Nova News, July 27, 28; Novinite, August 3). The Russian Defense Ministry’s chief spokesman, Lieutenant-General Igor Konashenkov, has several times referenced the Black Sea Fleet’s corvettes Sergei Kotov and Vasily Bykov as participating in these exercises, purportedly “escorting civilian transport” or “controlling shipping” in this “south-western part of the Black Sea,” without naming Bulgaria’s EEZ. Konashenkov referenced these sister ships variously as operating singly or in tandem (TASS, July 19, 25, August 1, 2, 5, 13).
On July 26, the NATO-Ukraine Council’s communiqué noted that “Russia’s new warning area in the Black Sea, within Bulgaria’s economic zone, has created new risks of miscalculation and escalation, as well as serious impediments to freedom of navigation” (Nato.int, July 26).
Bulgaria’s current pro-Western government is slightly more than two months old (see EDM, April 6), following a long period of instability during which the Russian-friendly President Rumen Radev held sway over policy. The new government has reacted with restraint but growing firmness to these events. It seems distinctly possible that Russia has singled out Bulgaria for holding naval exercises in the country’s EEZ as an intimidating response to the change of government.
Bulgarian Defense Minister Todor Tagarev and other defense officials have told Bulgarian media that foreign warships have a legal right to sail through the EEZ; however, any naval exercise and warning zone is normally limited to a few days and are not considered good practice. They have further noted that this must not impede the navigation of commercial and naval vessels and that Russia has no right to impose embargoes or other restrictions on maritime traffic. Additionally, they have expressed unease regarding natural gas projects in Bulgaria’s EEZ while Russian warships exercise or cruise there (Novinite; Mediapool, July 27; BNR.bg, July 30; see EDM, August 7).
The Bulgarian Foreign Ministry under Mariya Gabriel underscored Russia’s “use of food supply as a weapon to achieve imperial ambitions. … The entry of Russian warships into the exclusive economic zones of Black Sea countries, including that of Bulgaria, as well as the declaration of warning areas in them, is dangerous to navigation, harms the economic interests of our country and its citizens, and is inadmissible” (BTA, August 6).
Bulgarian Prime Minister Nikolai Denkov moved from caution to greater frankness as the Russian warships prolonged their presence. Denkov told the media, initially, that “Russian exercises in the Black Sea are proceeding in accordance with standard procedures. There are no indications of any new threats to the movement of Bulgarian ships and citizens” (Novinite, July 27). But two weeks later he addressed citizens via his Facebook page: “Russia’s aggression militarizes the Black Sea. Russian ships have lingered in the waters of our exclusive economic zone for some 20 days now … Bulgaria needs to integrate more closely with NATO. This [organization is] like a bomb shelter for us today” (Novinite, August 11).
The incident in its EEZ coincided with a festive event at Bulgaria’s Higher Naval School in Varna. The country’s chief of defense, Admiral Emil Eftimov, sounded a note of caution: “Be calm, everything is under control, we are acting very carefully, we intend to act rationally so as to not give cause for provocations,” while Bulgaria is safe in NATO (Novinite, August 13).
From Ukraine’s perspective, the August 13 incident confirms Russian intentions to maintain a sufficient level of military threat at sea to discourage maritime trade with Ukraine. The Kremlin can achieve this objective without applying lethal force, merely by brandishing it to intimidate large international traders. Moscow seems content with allowing small-time traders to operate in Ukraine’s Danube ports to some limited extent, asphyxiating Ukraine gradually without giving cause for a Western humanitarian relief operation in the Black Sea.
Kyiv has no longer appealed to NATO in this instance in light of the disappointing July 26 meeting (see EDM, July 31). Instead, the Ukrainian Presidential Office and Foreign Ministry (Ukrinform, August 13, 14) have launched appeals to the international community more generally, including the United Nations, International Maritime Organization and Turkey, to uphold the freedom of commercial navigation in the Black Sea and persuade Russia to reinstate the Black Sea Grain Initiative. However, this does not look feasible on any terms but Russia’s own in the absence of Western navies.
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CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN
CRKN low floater... 1.5M/.96
Recent 1-60 rev merger. huge back log of work
https://stockcharts.com/h-sc/ui?s=CRKN