Trillion Energy International Inc (TRLEF)

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TRILLION ENERGY INTERNATIONAL ANNOUNCES SEPTEMBER 8TH AS URANUS RIG DEPARTURE DATE
8:30 am ET September 6, 2022 (Globe Newswire) Print
EQNX::TICKER_START (CNSX:TCF.CN),(Boerse Frankfurt - Freiverkehr:Z62.F),(OTC US:TRLEF),(Other OTC:TRLEF),(CNSX:TCF), EQNX::TICKER_END Trillion Energy International Inc. ("Trillion" or the "Company") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) provides an update on the status of the Uranus Rig mobilization to the SASB gas field. The Uranus Rig is slated to depart for SASB on September 8 and to arrive on September 11. A detailed daily schedule is as follows:

Arthur Halleran CEO stated:

"As investors have been eagerly anticipating and requesting daily updates on the rig mobilization for our drilling program; I have been personally keeping on top of the rig status on a daily basis. I am confident the September 8 departure date will allow us the time to have the necessary rig repairs identified and completed."

"As Trillion is now able to sell its natural gas production for US$30.68/mcf; and with the news today of Russia shutting off all natural gas supply from the Nord-Stream pipeline until sanctions are lifted, we expect further upward price pressure on natural gas to occur over the winter."

"With the drilling rig arriving September 11, the first new gas production is expected around the end of October, 2022 which will capture the high gas prices."

The Company's multi-well development program initially includes seven natural gas production wells set to come online during a time when acute natural gas shortages are menacing Europe and Turkey. Natural gas prices continue to spike, breaking historical records; the prospect of a cold winter looms with the worst shortages expected yet to come.

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