Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided a production update for the SASB gas field, noting that the SASB revitalization program realized the complete payback of recent perforation costs. According to the update, the Guluc-2, South Akcakoca-2, West Akcakoca-1 and Akcakoca-3 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. Gas production from the Akcakoca platform has averaged 4.6 MMcf/d since the perforation program concluded.
The company also provided a production update for its oil and gas fields. This update highlighted robust performance and strategic developments, noting that the 100% gas production from SASB (95% from Guluc-2 and South Akcakoca-2 and 5% from West Akcakosa-1) was about 133.13 MMcf during August. This translated to gross revenue of US$1,456,400 and a Trillion 49% value of US$713,640 at a realized Natural Gas price of about US$10.94. The company’s gross oil revenue from Cendere was US$342,700. According to the update, the company realized a total gross production revenue of US$1,056,340 in August. Trillion Energy’s August performance underscores the company’s growing position in the European energy market.
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About Trillion Energy International Inc.
Trillion Energy is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The company holds a 49% interest in the SASB natural gas field, a Black Sea natural gas development and 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The company also is pursuing oil exploration in S.E. Turkiye and beyond. More information may be found on www.sedar.com and the company’s website.
NOTE TO INVESTORS: The latest news and updates relating to TRLEF are available in the company’s newsroom at https://ibn.fm/TRLEF
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