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Trillion Energy (CSE: TCF) is beginning to focus on maximizing gas production from its new wells under the multi-well development program. The company this morning recompleted a well in an effort to enhance production.
The West Akcakoca-1 well has been recompleted via wireline, with an additional 6 metres of the well perforated and placed into production. The well now produces at a rate of 5.3 MMcf/d at 1,794 psi.
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The well initially flow tested at 5.9 MMcf/d after perforating 7 metres of natural gas pay in March 2023. The well was the third such well placed into production within the SASB gas field.
“The perforation of new gas pay in West Akcakoca-1 was done with the wireline on the Platform and does not require the drilling rig. These new perforations are the start of our efforts to maximize the gas production from our new wells,” commented CEO Arthur Halleran.
Recent development work
The recompletion follows the company earlier this month spudding the Alapli-2 well, the sixth such well under the ongoing development program. The well is a long-reach directional well being drilled at the Akkaya tripod, and is aimed at twinning the Alapli-1 exploration well.
Alapli-2 is expected to take approximately 45 days to complete, with the last dispatch released by Trillion indicating that it has been drilled to a measured depth of 903 metres. The well is viewed by the company as a “guaranteed success,” with the exploration well testing at +7 MMcf/d, although Alapli-1 was never put into production.
READ: Trillion Energy Places Fifth Gas Well Into Production At SASB
The fifth well under the program, Bayhanli-2, meanwhile is said to be the top producer to date, averaging 8 MMcf/d of production within its first six full days of production.
Trillion Energy last traded at $0.365 on the CSE.
FULL DISCLOSURE: Trillion Energy is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Trillion Energy. 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.
