Stocks in play: Trillion Energy International Inc.
Announced flow test results for the Akcakoca-3 natural gas well at the SASB gas field, offshore Turkey. Three sands with a total of 34 metres of natural gas pay were identified for perforation in the Akcakoca-3 well. Upon the first perforation of the upper 7 metre sand occurring, the well immediately experienced a pressure buildup up to 7.0 MMcf/d (32/64” choke). Well head pressure measured 1,400 psi. Based on initial gas flow and reservoir pressure data from perforation of the first sand, a decision was made to commence producing this zone and perforate the remaining two sands (totaling 27 metres) at a future date, after production from the initial perforated interval starts to decline. Trillion Energy International Inc. shares C.TCF are trading off 1 cent at $0.47.
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