Trillion Energy International (CSE:TCF), a company in the oil and gas sector, experienced a significant increase of over 10.7% following updates on production and perforations at the West Akcakoca-1 well located in the SASB gas field offshore Turkey.
Currently, the West Akcakoca-1 well is producing 2.8 million cubic feet of natural gas per day. The broader Akcakoca platform is expected to see increased production due to the implementation of new velocity strings.
The company, Trillion Energy, specializes in oil and natural gas production and serves markets in Turkey and Europe. The stock of Trillion Energy has decreased by 91.14% year-over-year.
With successful completion of the perforation program at West Akcakoca-1, utilizing a snubbing unit to install new production tubing, the company aims to achieve a cost-effective long-term production solution.
Trillion Energy International holds interests in both the SASB natural gas field and the Cendere oil field, and is actively engaged in exploration activities in southeast Turkey.
As of the latest data, Trillion Energy stock (CSE:TCF) is trading at C$0.16 per share, reflecting an increase of 10.71%. Shareholders are encouraged to participate in discussions about the company on the Trillion Energy International Inc. Bullboard, as well as explore other discussions on Stockhouse’s forums and message boards.
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