Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Trillion Energy reports revenue receipts and production data from SASB for the month of December 2022
  • Trillion’s 49 per cent share of December 2022 gas production was 87.4 MMcf, generating US$2,647,053 before royalties
  • The Guluc-2 well is nearing completion and is expected to reach a total depth of 3,981 meters within days
  • VP of Corporate Development Colin Robson sat down with Sabrina Cuthbert to discuss the news
  • Trillion is an oil and gas-producing company with multiple assets throughout Turkey and Bulgaria
  • Trillion Energy International Inc. (TCF) opened trading at C$0.375

Trillion Energy (TCF) reported revenue receipts and production data from SASB for the month of December 2022.

As production commenced on November 4th, 2022, for South Akcakoca-2 and November 24th, 2022, for Akcakoca, both wells contributed a full month of production to December’s revenues.

Trillion’s 49 per cent share of December 2022 gas production (net of utility gas volumes) was 87.4 MMcf, generating US$2,647,053 before royalties (US$2,342,633 after royalties).

Daily gas production volumes from the wells increased slightly during December due to production rates being fine-tuned.

The company is pleased to report that the Guluc-2 well is nearing completion at 3,524 meters. It is expected to reach a total depth of 3,981 meters within days. Drilling results so far have been very encouraging, with gas shows having been encountered relatively early in the Akcakoca Member sands, a very positive sign.

VP of Corporate Development Colin Robson sat down with Sabrina Cuthbert to discuss the news.

Trillion is an oil and gas-producing company with multiple assets throughout Turkiye 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.

Trillion Energy International Inc. (TCF) opened trading at C$0.375.


More From The Market Herald
The Market Herald Video

" FPX Nickel announces $16 million strategic equity investment from major global stainless steel producer Outokumpu

Under the terms of the Private Placement, FPX has issued 26,800,000 common shares in the capital of the Company to Outokumpu at a
The Market Herald Video

" Hank Payments (TSXV:HANK) announces financial results for the third quarter

Hank Payments Corp., is a North American leader in consumer Fintech Software-as-a-Service in the Banking-as-a-Service market segment.

" This Canadian energy stock hit a new high

Alvopetro Energy Ltd. (TSXV:ALV) stock hit a fresh high on Monday after starting production on one of its wells.

" Africa Oil holding renews key oil mining license

Africa Oil holding Prime Oil & Gas has renewed oil mining license (OML) 130 in Nigeria for 20 years.