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.

Leave a Reply