The drilling rig is currently being prepared and is expected to arrive August 29, 2022
August 22, 2022 – Vancouver, B.C. – Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce the Uranus drilling rig is currently being prepared to move to the SASB natural gas field, Black Sea, for the Company’s multi-well drilling program and is expected to arrive on August 29, 2022.
The Company’s multi-well drilling development program initially includes seven natural gas production wells set to come online during a time when acute natural gas shortages are menacing Europe and Turkey. Natural gas prices continue to spike through historical records as the prospect of a cold winter looms with the worst shortages expected to come.
The rig is currently undergoing a rigorous inspection, survey and permitting process, where we have hired ModuSpec UK to carry out an inspection and testing before the rig is deployed. The process is going as planned, with no major problems being identified to date. Final inspection and acceptance is anticipated on or about August 26th at which time the rig will be hauled by marine ships to the SASB Gas field.
Transport time is expected to be 3 days. When it arrives, the rig will be positioned at the Akcakoca offshore production platform. Positioning and jack up of the rig should take one day, weather permitting. Other preparations will take two more days before the first well is spud on or about September 1 this year.
Arthur Halleran CEO stated:
“We are pleased to announce a clear path to drilling and gas production -we are counting the days before we embark on this historic milestone achievement to bring substantial new gas production into the region at a critical time”.
About the Company
Trillion is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects; a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. More information may be found on www.sedar.com, and our website.
Art Halleran: 1-250-996-4211
Corporate offices: 1-778-819-1585
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company’s ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.