Beforehand, the Firm accomplished set up of latest tubing in 4 wells on the Akcakoca platform in the course of the fall of 2024. A complete of 6 wells have now obtained the brand new smaller tubing measurement to mitigate water loading circumstances.
The tripod wells proceed to obtain nitrogen injections to stimulate manufacturing, nonetheless, operations have been delayed over the previous few weeks because of stormy winter climate circumstances. Each Alapli-2 and Bayhanli-2 initially responded positively to the continuing operational efforts, nonetheless, steady long-term stream charges have but to be sustained.
The Firm is presently making ready to stimulate the Akcakoca-3 and South Akcakoca-2 wells within the upcoming week utilizing nitrogen, upon appropriate climate circumstances arriving.
The Firm has sourced a gasoline elevate compressor system for the Akcakoca platform which can present steady gasoline lifting injection to sure wells to help in manufacturing.
Moreover, the Firm plans to boost manufacturing by putting in:
- A Progressive Cavity Pump (PCP) in a properly
- Two slim-hole Electrical Submersible Pumps (ESPs) connected to the brand new tubing in two wells
These strategic interventions involving synthetic elevate are important to sustaining long-term manufacturing charges and optimizing properly efficiency and are anticipated to happen within the upcoming months.
In regards to the Firm
Trillion Vitality Worldwide Inc is targeted on oil and pure gasoline manufacturing for Europe and Türkiye with pure gasoline belongings in Türkiye. The Firm is 49% proprietor of the SASB pure gasoline subject, a Black Sea pure gasoline improvement and a 19.6% (besides three wells with 9.8%) curiosity within the Cendere oil subject. Extra info could also be discovered on www.sedar.com , and our web site.
Contact Â
‎ Sean Stofer, Chairman
Brian Park, VP of Finance
1-778-819-1585
E-mail: information@trillionenergy.com
Web site: www.trillionenergy.com
Cautionary Assertion Relating to Ahead-Trying Statements
This information launch might include sure forward-looking info and statements, together with with out limitation, statements pertaining to the Firm’s capability to acquire regulatory approval of the manager officer and director appointments. All statements included herein, aside from statements of historic reality, are forward-looking info and such info entails varied dangers and uncertainties. Trillion doesn’t undertake to replace any forward-looking info besides in accordance with relevant securities legal guidelines.
These statements aren’t any assure of future efficiency and are topic to sure dangers, uncertainties, delay, change of technique, and assumptions which might be tough to foretell and which can change over time. Accordingly, precise outcomes and techniques might differ materially and adversely from these expressed in any forward-looking statements on account of varied elements. These elements embody unexpected securities regulatory challenges, COVID, oil and gasoline value fluctuations, operational and geological dangers, modifications in capital elevating methods, the flexibility of the Firm to boost crucial funds for improvement; the result of economic negotiations; modifications in technical or working circumstances; the price of extracting gasoline and oil might enhance and be too expensive in order that it’s uneconomic and never worthwhile to take action and different elements mentioned every so often within the Firm’s filings on www.sedar.com, together with probably the most not too long ago filed Annual Report on Kind 20-F and subsequent filings. For a full abstract of our oil and gasoline reserves info for Turkey, please discuss with our Types F-1,2,3 51-101 filed on www.sedar.com, and or request a duplicate of our reserves report efficient December 31, 2022 and up to date January 31 2023.
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