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Trillion Energy International Inc. reports developments tied to its oil exploration focus in southeastern Türkiye, centered on a 29% earn-in interest in the M47c,d oil block. Company updates cover the M47 work program, earn-in commitments, independent NI 51-101 resource evaluation, light oil findings at the C-1 well, and reservoir targets in the Beloka and Mardin Group carbonates.
Recurring news also includes capital actions related to exploration obligations, share-structure updates, Canadian reporting matters, and management commentary on oil-market conditions affecting the M47 exploration program.
Trillion Energy (OTCQB: TRLEF) will change its name to Dune Oil Corp. effective August 4, 2026, reflecting a strategic pivot to oil development and exploration. Its new trading symbol on the CSE will be DUNE, with new identifiers CUSIP 265342105 and ISIN CA2653421057.
The company closed another tranche of its non-brokered private placement, issuing 1,030,000 units at CAD$0.15 for gross proceeds of CAD$154,500 and settling CAD$168,085.35 of debt via 1,120,569 units. Each unit includes one share and half a warrant, exercisable at CAD$0.25 for one year. Proceeds will fund obligations on the M47 Concession, for which US$800,000 has been paid toward work commitments, as well as corporate and working capital needs.
Trillion Energy (OTCQB: TRLEF) has finalized the design and tender documents for a new 40‑kilometre 2D seismic acquisition program on the M47c,d oil block in southeastern Türkiye, targeting acquisition in late summer 2026 over a six‑week period.
The survey will cover three priority areas, including the North field discovery around Çetinkaya‑1 and Çetinkaya‑2 wells, and is designed to tie into recent discoveries on an adjacent block. According to Trillion Energy, M47 holds a 2C contingent resource of 27.6 MMbbl on the North Discovery with an unrisked NPV‑10 of US$733.5 million and total unrisked resource potential of 51.6 MMbbl net across three prospects, including a North Prospect 3C unrisked NPV‑10 of US$1.18 billion.
Trillion Energy (OTCQB: TRLEF) amended its M47 farm-in agreement, extending and restructuring earn-in payments for the onshore M47 oil block in Türkiye. About USD$4.35 million is now due by September 15, 2026, with further payments deferred to September 2027.
The company is earning a 29% interest via a USD$15 million commitment, funding 80% of the next work program phase, as several new wells and up to 80 potential North Block development wells are evaluated.
Trillion Energy (OTCQB: TRLEF) completed a technical field scouting program over the M47 exploration licence in southeastern Türkiye, supporting a planned 2026 geophysical data acquisition campaign.
Integrated field observations, gravity data, historical wells and seismic have refined structural models, prioritized exploration targets and are expected to guide future seismic surveys and drilling decisions.
Trillion Energy (OTCQB: TRLEF) closed 17,172,419 units in a non-brokered private placement, raising CAD$1,501,900 in cash and settling CAD$1,073,963 of debt. Units were priced at CAD$0.15, with half-warrants exercisable at CAD$0.25 for one year.
The company applied to increase the offering to up to CAD$3,500,000. It extended 2,124,515 2024 warrants by one year, kept the CAD$0.90 exercise price and acceleration clause, and engaged Independent Trading Group for market-making at CAD$6,000 per month.
Trillion Energy (OTCQB:TRLEF) advanced an additional US$250,000 toward its earn-in for a 29% working interest in the onshore M47c,d oil block in southeastern Türkiye, bringing total payments to US$500,000 against a US$9.5 million first-tranche commitment under a US$15 million work program.
The company plans new seismic over currently underexplored areas, aiming to add 4–6 drillable locations. Independent NI 51-101 assessments outline contingent resources and NPV-10 values on the North, Central, and Findik South prospects, supported by prior Çetinkaya-1 light oil results and two potential export routes.
Trillion Energy (OTCQB: TRLEF) filed its audited 2025 financial statements, MD&A and annual report on SEDAR+. The company also applied for revocation of its May 1, 2026 management cease trade order.
The delay related to a strategic pivot, asset write-downs and a new reserves reporter for its onshore oil focus.
Trillion highlights a 29% earn-in interest in Türkiye’s M47c,d block, holding a 2C contingent resource of 27.6 MMbbl (24,186 MSTB net), with an unrisked NPV-10 of US$733.5 million and risked value of US$594.2 million, plus US$15 million in two-year funding commitments.
Trillion Energy (OTCQB: TRLEF) announced it has paid US$250,000 toward its earn-in obligations for a 29% participating interest in the M47c,d onshore oil block in southeastern Türkiye. The payment will be applied against previously outlined work program commitments dated March 31, 2026. The company also announced it will attend an Emerging Growth Conference.
Trillion Energy (OTCQB: TRLEF) disclosed a management cease trade order (MCTO) from the British Columbia Securities Commission tied to its annual filings for the year ended December 31, 2025. The company expects to file the Annual Filings on or about May 8, 2026 and completed its reserves report on April 30, 2026.
Trillion says it is working with auditor MNP LLP, will issue biweekly status updates, continues normal operations, and is not subject to insolvency proceedings.
Trillion Energy (OTCQB: TRLEF) commented on rising global oil prices and implications for its M47 exploration programme in southeastern Türkiye. Brent has traded above US$100/bbl amid an estimated removal of 9.1 million bpd from supply, while Block M47's independent evaluation used US$63.68/bbl for 2026.
The M47 NPV-10 (unrisked, net to Trillion's 29% WI) is US$733.5 million, M47 crude is ~32.4° API, and Trillion has committed US$15 million across 2026–2027 toward the earn-in and exploration drilling on a basin targeting >80,000 bpd regional production gains.