Weekly Drilling Report January 19, 2022

Source: www.gulfoilandgas.com 1/20/2023, Location: Europe

WELL: Guluc-2

Spudded December 10, 2022. Days since spud: 40
Progress: 0
Measured Depth: 3199 metres

Week Summary:
RIH with BHA and tag cement at 2610
Perform pressure test / failed
Observed poor cement job.
Days January 14 to January 17 drill out cement, top and bottom plug and shoe to 3195 m.
Perform remedial cement job, waiting on cement to dry
P/U drilling BHA

Further Activities:
Drill 8 1/2” x 9” hole from 3198 metres to about MD of 4000 metres (TD)
Put in and cement 7” casing
Wait on cement
Evaluate Logging While Drilling (LWD) data to pick perforation intervals
Perforate and test gas zones.

Turn over to Production Operating Partner

Arthur Halleran, CEO of Trillion Energy
"The error in the cement job caused a loss of about 4 to 5 days, but that can be caught up if all goes correct after this. It is important to have a good cement bond between the casing and formation. We have established this bond and there is no risk for the future of the well. Now, with a good cement bond the rest of the borehole which is the gas pay zone can be drilled safely. I have seen this happen before and it is not an issue at all, just takes time to fix and we have done that."

Trillion Energy is focused on natural gas production for Europe and Türkiye with natural gas assets in Türkiye and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects.

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Days since move: 29
Progress: 115 metres
Measured Depth: 3839 metres

Week Summary:
Drill 8 ½” ...

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