Trillion Energy Begins Drilling Second Well Under Multi-Well Program

Trillion Energy (CSE: TCF) keeps pushing forward with its multi-well drill program, announcing this morning that it has begun the recompletion of the Akcakoca-3 well, which is the second well to be drilled under the current program. The development follows the firm successfully flow testing the Akcakoca-2 well.

The recompletion of the well is said to have begun on November 1, after the Uranus drill rig had repositioned the day before to begin the process. The task will see the company replace the current 2.5″ tubing with 4.5″ tubing, and perforate the remaining gas zones before placing the well back into production.

The process is expected to take 12 days in total.

WATCH: Energy Markets “Will Still Be Oil & Gas” — With Arthur Halleran of Trillion Energy

The Akcakoca-3 well was originally placed into production back in March 2011, however it has only intermittently produced gas since November 2019 as a result of mechanical issues related to the production tubing.

To date, the well has produced a total of 9.78 Bcf of natural gas, and is expected to begin producing again immediately following recompletion.

Trillion Energy last traded at $0.475 on the CSE.


FULL DISCLOSURE: Trillion Energy is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Trillion Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

Silver Is a Wild Animal, Gold Heads for $6,000 in 2026 | Craig Hemke

Is This the End of the Gold and Silver Rally? | Peter Grandich

Why Gold And Silver Stay High Even After Rate Cuts | Todd Bubba Horwitz

Recommended

TomaGold Confirms Presence Of Berrigan Deep Zone Following Geophysics

Antimony Resources Reports Massive Stibnite Mineralization Over 25 Metres At Marcus (West) Zone

Related News

Trillion Energy Begins Multi-Well Drill Program In Black Sea

The multi-well drill program at the SASB gas field in the Black Sea is officially...

Monday, September 19, 2022, 09:35:13 AM

Trillion Energy Sees P2 Reserves Increase To 48.6 BCF, NPV10 Climbs To US$432 Million

Trillion Energy (CSE: TCF) has seen a significant increase in the value of its reserves,...

Thursday, March 23, 2023, 10:05:41 AM

Trillion Energy Looks To Raise $10.0 Million Via Private Placement

Trillion Energy (CSE: TCF) is the latest energy focused firm looking to raise capital in...

Tuesday, March 15, 2022, 08:13:53 AM

Trillion Energy: Production To Double In Q1 — With Arthur Halleran

Returning to the Daily Dive today is Arthur Halleran, President & CEO of Trillion Energy...

Thursday, January 5, 2023, 01:30:00 PM

Trillion Energy: Research Capital Reiterates $1.35 Price Target, Buy Rating

Trillion Energy (CSE: TCF) on Monday announced an operational update for their SASB gas field....

Wednesday, November 16, 2022, 10:45:00 AM