Trillion Energy Hits 73 Metres Of Potential Gas Pay In Guluc 2 Well

Trillion Energy (CSE: TCF) continues to see success in the drilling of the SASB gas field under a 20-well development program. The company has released early data on the recently completed Guluc 2 well, the third well drilled under the program.

The Guluc 2 well has been drilled to a depth of 3,910 metres, which it completed last week. Logging while drilling has indicated that the well intersected a total of 73 metres of potential natural gas pay, which was intersected across 14 separate zones of the Akcakoca Member.

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Of the 14 zones intersected, three gas sand reservoirs are said to be greater than 9 metres thick each. Initial perforation intervals are now being selected as the company looks to bring the well into immediate production, with the company indicating that it intends to perforate the lower zones of the well initially.

“We are now 3 for 3 drilling at SASB. The Guluc 2 well exceeded our expectations in gas saturated potential pay with 73 metres, compared to only about 20 metres of gas pay discovered in the Guluc 1 exploration well drilled over 10 years ago,” commented CEO Art Halleran.

READ: Trillion Energy Beats December Revenue Guidance With US$2.3 Million In Net Gas Sales

Completion of the well is slated to be completed this week, with testing results slated to be released next week. Furthermore, Trillion expects the well to enter production next week.

Once Guluc 2 is completed, Trillion expects to move the drill rig to the West Akcakcoa-1 well, which will then be drilled to completion. The well is already partially complete however, with drilling completed to a depth of 1,008 metres previously.

Trillion Energy last traded at $0.395 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.

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