Trillion Energy International Inc (TRLEF)

[BestFishes]

WEEKLY DRILLING REPORT FEBRUARY 17, 2023
WELL: West Akcakoca-1

Days since move: 3
Progress: 48 metres
Measured Depth: 1050 metres
Week Summary:

RIH completion string in Guluc 2 with 3 well tractors; however, progress not statifactory
Call in the other 2 wells tractors by airfreight but had to be trucked in so about a week.
Skid RIG to West Akcakoca 1 so to avoid the RIG being idle.
Test and drill out shoe at bottom of the surface conductor at 1008 metres depth
Drill to 1050 metres
Further Activities:
Drill well to TD
Perforate and put on production.
Skid Rig to Guluc-2 and perforate and put on production.

Guluc-2 is a good well with lots of gas-bearing sands and is drilled to TD and is in a safe mode. The well was not perforated due to not being able to transport 2 UltraTrac well tractors by air freight due to the earthquake. The well tractors had to be sent by truck. Guluc 2 will be completed and put on production right after West Akcakoca 1 well is completed and put on production. Trillion and SASB not is no longer a one-well concern, we have 3 wells all drilled and 1 more soon to be finished. We have proved the model and are growing.

Trillion Energy is focused on natural gas production for Europe and Türkiye with natural gas assets in Türkiye and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects.