Replies to post #17697 on Value Microcaps Junior Energy

[Bobwins]

market will want to see production and $$ flowing before they reward Trillion stock price. November will seem like a long way off in the distance. And that's assuming no glitches, which are entirely possible on the first well. Stock is up a little today at .358 but off recent highs.

Trillion Energy's SASB Natural Gas Drilling Program Begins
The Company has started its multi-well development program at SASB targeting much needed natural gas in times of scarcity and record high prices

September 19, 2022 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company”)(CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to have commenced its multi-well drilling program on the SASB natural gas field, upon successful arrival of the Uranus Rig which was mobilized last week after delays due to maintenance and weather conditions in the Black Sea.

The Uranus Rig is situated at the Akçakoca platform where the first wells are being drilled. A total of three directional wells will be drilled from the Akçakoca platform, plus one recompletion of an existing well will occur. The Company estimates the four operations will be completed within 6 months.

The Company planned to pair completion of the Akçakoca wells to reduce cost and rig skid times, but each well will produce gas upon completion and sold to market. First gas production is expected early November 2022.

After the work at the Akçakoca platform, the Uranus rig will move to the next of the three platforms at SASB to continue the work program. The Company has plans to drill/complete these initial 7 wells followed by another estimated 10 wells prior to further exploration occurring.

Arthur Halleran, CEO, stated:

“The commencement of drilling operations marks a transformative step towards the Company’s bright future, with drilling to lock in much-needed locally sourced gas supplies for the winter months at prices over US$30/mcf. These long reach advanced engineering production wells will allow gas production to immediately be sold under our existing gas contract where we get paid monthly and can then use the revenues to continue to drill new wells.”
The Company’s development program initially includes seven production wells coming online during a time when acute natural gas shortages are menacing Europe and Turkiye. Drilling of additional 10 targets are expected to follow. Natural gas prices continue to spike, breaking historical records as the prospect of a cold winter looms with the worst shortages expected yet to come.



Trillion Energy is an international gas and oil producer. The Company has a simple clear strategy to add value to shareholders by developing extremely profitable proven non-produced gas reserves on the SASB gas field through existing infrastructure and facilities commencing 2022.
Visit our website

For Investor inquiries please email:
[e-mail]
Director & CEO
Arthur Halleran
[phone]

Corparate Offices
[phone]
Admin Office (Canada)
Suite 700-838 West Hastings St.
Vancouver, BC V6C 0A6 Canada

Operations (Turkey)
Turan Gunes Bulvari, Park Oran Ofis Plaza
180-y, Daire:45, Kat:14, 06450
Oran, Cankaya, Ankara, Turkey

[Bobwins]

Trillion Energy TRLEF/TCF.cn +.02 to US$.3485 Trillion has been moving up lately as they finally have a drill bit working. No results, although the first well is a recompletion of a previously drilled hole. Should be low risk but they need these first two wells to produce as advertised to avoid a collapse in price. Lots of optimism built into share price.

There are positive reasons for optimism. Offshore drill platforms are already built and in place. 5, I think. The first 17 wells are very low risk due to previous drilling and testing. They were just never produced in a much lower ngas price environment. In addition, Trillion has pipelines already in place to an onshore facility with 75mmcfd capacity. So they drill, complete and almost immediately can produce ngas. That doesn't happen normally. Also their prices are locked in at US$30/mcf. Not Turkish Lira. Which is excellent because Turkey is experiencing 80% inflation. Don't want to be holding Turkish currency.

There are definitely risks due to Black Sea location, Turkey country risk and the normal offshore production issues. But in addition to the first 17 wells, Trillion holds rights to several exploration locations that could be huge. The plan is to use the first 17 wells cashflow to explore nearby locations from the existing platforms.

First well scheduled to be drilled, completed and producing by November. Short wait to find out if they can deliver.