Mining Stock Education

Arthur Halleran, CEO of Trillion, stated: “The Guluc-2 well marks a significant success and will be an excellent producer for years to come. It is the fourth successful gas well in our program, which has now been significantly de-risked from both a geological and engineering standpoint. Guluc-2 is the longest reach well to date -over 3 kilometers horizontal distance. The Rig is now mobilizing to drill the Bayhanli gas pool, a proven reserve never previously produced.” On March 28, 5.5 metres of the lower natural gas sands in the Guluc-2 well were perforated and tested. Flow rates peaked at a rate of 16.35 MMcf/day. Shut-in pressure was measured at 2,000 psi. The well will now enter long-term production with an initial production rate of about 6 MMcf/d. As previously press released, the Guluc-2 well discovered 73 metres of gas pay across 14 separate intervals. Current flow test results and production is from only 6 meters of gas pay; 67 meters remains to be perforated in the future ensuring a long-term produ