Trillion Energy Steps Up Gas Production at SASB Field Offshore Türkiye

About Trillion Energy

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) is a natural gas and oil producer focused on assets in Türkiye. The Company holds a 49% interest in the SASB natural gas field, located in the Black Sea. SASB was one of the first large-scale natural gas development projects in the Black Sea and remains a core asset for Trillion. Additionally, Trillion has a 19.6% interest in the Cendere oil field and 50% stakes in three high-impact oil exploration blocks in southeastern Türkiye.

Perforation Program Boosts SASB Output

On October 30th, Trillion Energy announced that its three-well perforation program at SASB has boosted total field production to 14.4 MMcf/d (100% interest). This equates to 7,056 Mcf/d net to Trillion's 49% stake.

The program has now seen two of the three planned wells perforated. This includes the Guluc-2 and West Akcakoca-2 wells. Trillion is still in the process of perforating zones in the West Akcakoca-2 well and has yet to start work on the Akcakoca-3 well. However, the progress made so far has increased production beyond Trillion's original Phase 1 target of 6,800 Mcf/d net.

The final stages of the program are expected to be completed within the next week. Once finished, Trillion will have clearer data on the stabilized production rates from each well. This will help inform next steps to further boost SASB's gas output.

Perforation Details for Each SASB Well

The three-well program focuses on perforating previously uncompleted uphole gas zones in each well. This provides additional gas supply while avoiding potential damage to existing deeper completions. Here are the details for work done on each well so far:

Guluc-2

• Perforated 14.65 metres of net gas pay across two "C" sand zones between 3,665 - 3,674.5 metres.
• Caused pressure to increase to 1,140 psi after perforation.
• Perforated another 8.46 metres of net pay in the "C" sands between 3,644 - 3,654 metres.
• Pressure rose to 1,735 psi after second set of perforations.
• 12.3 metres of net gas pay remains across the "B", "A", and "AA" sands. Trillion has delayed this work to let production stabilize.

West Akcakoca-2

• Perforated 6 metres of net gas pay in the "B" and "A" sands.
• Pressure increased to 1,742 psi.
• Ongoing perforation of two additional zones in the well.

Akcakoca-3

• 19 metres of net gas pay identified across the "C" and "E" sands.
• Perforation work has not started yet on this well.
• Akcakoca-3 will be the final well completed in the current program.

What This Means for Trillion

The successful results from the first two wells provide a promising production boost for Trillion Energy.

At an October gas sales price of $17.14 CAD/mcf, the additional 800 Mcf/d (net) from this program equates to around $382,000 in added monthly revenue compared to September levels. This demonstrates the potential for Trillion's 49% interest in SASB to deliver a meaningful uptick in gas sales.

Beyond the revenue impact, the results also validate Trillion's model for low-cost, low-risk incremental production adds. By targeting uncompleted uphole gas, the Company avoids interfacing with existing deeper completions. The program spends minimal capital to unlock shut-in gas production already discovered.

With two wells left to complete, Trillion has significant potential to see further gains. The 12.3 metres of untapped net gas pay in Guluc-2 and 19 metres in Akcakoca-3 could provide a notable boost if perforated successfully.

What's Next for SASB Development?

While the three-well program focuses on near-term completes, Trillion Energy has much more planned to further grow SASB production.

The Company is moving forward with additional field infrastructure upgrades to support expanded output. This includes installing new compressors, pumps, and reduced tubing sizes across SASB.

These upgrades will help reduce backpressure and lift gas more efficiently from wells. Trillion can also move forward with framing out future uphole completions beyond this initial three-well scope.

Significant potential also lies with Trillion's inventory of existing discoveries at SASB that are not yet tied into production. This includes over 30 defined gas prospects across the field.

According to NSAI certified 2P reserves, these discovered but undeveloped reserves account for approximately 104 Bcf of gas resource. Tying even a portion of these reserves into the SASB production network could provide notable incremental volumes for Trillion.

Conclusion

Trillion Energy's updated results demonstrate strong initial progress with its SASB development work. The incremental production comes with minimal upfront capital and provides a roadmap for further low-cost output adds.

As the Company continues optimizing field infrastructure and tapping its inventory of discoveries, Trillion's 49% stake in SASB gas offers visible production growth potential. With SASB benefitting from strong natural gas fundamentals in Europe, this progress translates into direct revenue and cash flow growth.

For investors seeking natural gas exposure that can capitalize on Europe's supply tightness, Trillion Energy warrants a closer look.