Weekly Drilling Report February 17, 2022

Source: www.gulfoilandgas.com 2/17/2023, Location: Europe

WELL: West Akcakoca-1

Days since move: 3
Progress: 48 metres
Measured Depth: 1050 metres

Week Summary:
RIH completion string in Guluc 2 with 3 well tractors; however, progress not statifactory
Call in the other 2 wells tractors by airfreight but had to be trucked in so about a week.
Skid RIG to West Akcakoca 1 so to avoid the RIG being idle.
Test and drill out shoe at bottom of the surface conductor at 1008 metres depth
Drill to 1050 metres

Further Activities:
Drill well to TD
Perforate and put on production.

Skid Rig to Guluc-2 and perforate and put on production.

Guluc-2 is a good well with lots of gas-bearing sands and is drilled to TD and is in a safe mode. The well was not perforated due to not being able to transport 2 UltraTrac well tractors by air freight due to the earthquake. The well tractors had to be sent by truck. Guluc 2 will be completed and put on production right after West Akcakoca 1 well is completed and put on production. Trillion and SASB not is no longer a one-well concern, we have 3 wells all drilled and 1 more soon to be finished. We have proved the model and are growing.


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