Mr. Arthur Halleran reports

TRILLION ENERGY SPUDS ALAPLI-2 WELL AT SASB GAS FIELD

Trillion Energy International Inc. has spud the Alapli-2 natural gas well at the SASB gas field, offshore Turkey, the sixth well in the company's multiwell program.

Alapli-2 is a long-reach directional well being drilled from the Akkaya tripod and which will twin the Alapli-1 exploration well. The Alapli-1 well was never put on production but was perforated and tested at a combined rate of over seven MMcf/d (million cubic feet per day), indicating the gas pool is economic.

Update on Bayhanli-2 production

The Bayhanli-2 gas well which commenced production on June 2, 2023, has averaged eight MMcf/d (100 per cent) of natural gas production in its first six full days of operation.

Gas prices

The June Botas gas price is $14.14 (U.S.) per mmcf.

Arthur Halleran, chief executive officer of Trillion, stated:

"Alapli-2 is a guaranteed success, being a twin of an unproduced exploration well with significant reserves. At completion in about 45 days, we will have six gas wells on production at SASB. We are also now getting fantastic flush gas production from Bayhanli-2, our top producer to date."

About Trillion Energy International Inc.

Trillion Energy is focused on natural gas production for Europe and Turkiye with natural gas assets in Turkiye. The company is 49 per cent owner of the SASB natural gas field, one of the Black Sea's first and largest-scale natural gas development projects; and a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field.

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