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.
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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.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
