Wednesday 31 August 2022

Trillion Energy International Inc. provides an update on the status of the Uranus Rig mobilization to the SASB gas field. On August 22, we announced the drilling rig was expected to be approved for departure August 26 after a thorough inspection and permitting process and also by the final inspection of our third-party RIG inspectors ModuSpec.

The rig inspection however, identified on about the 26th deficiencies with the top drive and ballast tank and as such requiring repairs. These repairs are required for worker and RIG safety and are expected to be completed during this week, upon which time mobilization will commence.

The Uranus drilling rig’s live location may be tracked at the website marinetraffic.com.

The Company anticipates providing a subsequent press release when mobilization has commenced.

When the rig arrives, it will be positioned at the Akcakoca offshore production platform where it will take three days before the first well is spud.

The Company’s multi-well development program initially includes seven natural gas production wells set to come online during a time when acute natural gas shortages are menacing Europe and Turkey. Natural gas prices continue to spike, breaking historical records; the prospect of a cold winter looms with the worst shortages expected yet to come.

Arthur Halleran, CEO stated:

“Overall, we are satisfied with the progress and results of the rig inspection. The repairs and maintenance currently being completed are preventative in nature which ensures the safety of the drilling RIG personnel. All workers have the right to work in a safe environment and return home after a job. We look forward to the upcoming commencement of our planned drilling programme”.