TRILLION ENERGY RECEIVES 47% NATURAL GAS PRICE HIKE to $30/MCF
Price increase will significantly enhance economics of upcoming drilling program
Vancouver, B.C., Sept. 02, 2022 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) recently received a price increase for the sale of natural gas from its SASB gas field to USD
Regional natural gas prices have steadily increased this year, more than tripling since 2021. The September price of
The Company attributes the price increases to a supply squeeze caused by the Nord Stream pipeline shut down, nuclear power shut down in Germany, the regional conflict in Ukraine and other factors restricting regional energy supply.
Turkiye’s economy grew 7.6 percent year-over-year in the second quarter of 2022 according to the Turkish Statistical Institute’s August 31, 2022 report. The Company currently sells
Arthur Halleran CEO stated:
“We believe the recent price increases will significantly enhance the economic performance of our seven well drilling program set to commence next week at the SASB gas field. With seven wells producing, we will supply the region with much needed natural gas in a time of acute shortages and high prices”.
About the Company
Trillion Energy is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria. The Company is
Contact
Art Halleran: 1-250-996-4211
Corporate offices: 1-778-819-1585
e-mail: info@trillionenergy.com
Website: www.trillionenergy.com
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