Trillion Energy (CSE: TCF) is humming right along with its multi-well development program. The firm this morning revealed that the second well under the program, Akcakoca-3, has now commenced production following the completion of a flow test.
The well, much like the Akcakoca-2 well, has encountered over 30 metres of natural gas pay across three sands, with total pay coming in at 34 metres. Perforation was conducted in the upper 7 metre sand, with the well testing at 7.0 MMcf/d, using a 32/64″ choke. Well head pressure meanwhile amounted to 1,400 psi.
“We are very pleased that our multi-well drilling program is off to a very strong start. We are ‘Two for Two’ so far with both South Akcakoca-2 and Akcakoca-3 wells now successfully producing gas. Each well additionally has 10s of metres of identified gas sands ready for perforation and production in the future to keep production levels up,” commented CEO Art Halleran following the results.
Final flow rates for the well are to be established at the processing facility, with production now said to be underway.
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Following these results, Trillion elected to reserve the remaining two sands for perforation at a later date, once the first interval sees production start to decline. 27 metres of natural gas pay as a result remain for future production.
The results follow the first well under the multi-well drill program commencing production early in November. Initial production at the Akcakoca-2 well is said to be 3.0 MMcf/d, with rates expected to be increased over time. That well previously flow tested at 7.0 to 8.2 MMcf/d.
The company indicated on Friday within their weekly drilling report that they will now be moving the drill rig to the northern side of the Akcakoca platform, where they will begin drilling the Guluc 2 well.
Trillion Energy last traded at $0.475 on the CSE.
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