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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 ring the Canadian Securities Exchange opening bell on April 23, 2026 at 9:30 a.m. ET to mark its five-year CSE listing anniversary. The company reiterated a 5:1 share consolidation effective at market open on April 24, 2026.
The Consolidation will produce approximately 41,624,457 post-consolidation common shares outstanding, adjust convertible instruments on a 5:1 basis, change the CSE CUSIP/ISIN, and cause a temporary OTCQB symbol change to TRLED for 20 trading days.
Trillion Energy (OTCQB: TRLEF) announced a non‑brokered private placement to raise up to $2,000,000 by issuing up to 13,333,333 Units (post 5:1 consolidation) at $0.15 per Unit, each Unit including one share and one half warrant exercisable at $0.25 for one year.
The Company also announced a 5:1 share consolidation, reducing issued shares from ~208,122,285 to ~41,624,457 post‑consolidation, intended to align capital structure ahead of M47 drilling and meet near‑term work obligations in Southeastern Türkiye.
Trillion Energy (OTCQB: TRLEF) announced an independent NI 51-101 evaluation for Block M47C3,C4 effective March 31, 2026. The report shows a 2C contingent oil resource of 27.6 MMbbl (24,186 MSTB net) on the North discovery with an unrisked NPV-10 of US$733.5M and a risked expected value of US$594.2M (81% chance of development) net to Trillion's 29% WI.
Total unrisked resource potential across three prospects is 51.6 MMbbl net to Trillion. Light oil at 32.4° API was confirmed in C-1 and C-2 wells, with 38 metres net oil pay at C-1 and water saturation as low as 8%; structural crest remains untested.
Trillion Energy (OTCQB: TRLEF) confirmed a 32.4° API light oil discovery at the Çetinkaya-1 (C-1) well in SE Türkiye within Beloka and Mardin Group carbonates. Wireline logs identified 38.0 metres net pay in a 76.6-metre gross interval; fracture-adjusted net pay ~36.0–38.5 m.
Drilling stopped at 2,455 m for loss of circulation, leaving ~160+ metres of reservoir unpenetrated; a sidetrack (C-1ST) to target the structural crest is planned.
Trillion Energy (OTCQB: TRLEF) agreed to sell all shares of Park Place Energy Turkiye, transferring licence interests in the South Akcakoca Sub‑Basin and Cendere oil field to a purchaser.
The deal moves approximately USD $20 million of PPET liabilities to the buyer and preserves a 7% gross overriding royalty (GORR) on future production revenues. The GORR activates after cumulative gross revenues from the licences exceed USD $7.5 million and crystallizes on any future licence disposition, requiring valuation and payment of 7% of the gross disposition value.
Trillion Energy (OTCQB: TRLEF) provided a corporate update and held its Annual General Meeting on March 31, 2026.
The company holds a 49% working interest in the South Akcakoca Sub-Basin (SASB) and is seeking buyers for that interest. Trillion signed an agreement to earn 29% of the M47 Block in SE Türkiye for a total investment of US$15 million, with funding tranches of US$9.5M (2026) and US$5.5M (2027). The M47 work program totals ~US$35M (US$18M spent to date); Trillion will fund 80% of the next two wells and seismic costs before reverting to pro rata cost share. Previous farm-ins on M47, M46C and M46D were cancelled. The company is pursuing additional regional oil and gas opportunities.
Trillion Energy (OTCQB: TRLEF) reached a debenture settlement framework via a Fourth Supplemental Indenture dated March 20, 2026. The company owes CAD$16,379,828.49 as of Jan 31, 2026 (principal CAD$14,999,000 + interest CAD$1,380,828.49) plus further interest to March 20, 2026.
Subject to completing a brokered prospectus financing of at least CAD$10,000,000 by September 30, 2026, debenture holders will convert CAD$11,000,000 into equity at the Financing price and forgive ~CAD$5.37 million of the Amount Due; otherwise the indenture terminates and the Amount Due becomes immediately payable.
Trillion Energy (OTCQB: TRLEF) proposes a debt-for-equity settlement issuing 3,572,376 common shares at $0.035 per share to settle $125,033.16 of debt owed to various consultants. The issued shares will be subject to a four-month-and-one-day hold period from issuance under Canadian securities rules. The transaction converts short-term liabilities to equity and preserves cash while increasing the company's share count.
Trillion Energy (OTCQB: TRLEF) has announced two significant updates to its financial arrangements. First, the company has secured approval from debenture holders to extend the maturity date of its $15 million convertible debentures from July 31, 2025, to October 31, 2025. The debentures will continue to bear a 12% annual interest rate payable in cash.
Additionally, the company has completed a shares-for-debt settlement, issuing 7,725,908 common shares at $0.05 per share to settle $386,295.42 in debt owed to directors, officers, and consultants. Of these, 3,900,000 shares were issued to company insiders for management services.
Trillion Energy (TRLEF) has provided an operational update for its SASB offshore gas project in Turkey. The company successfully installed new velocity string tubing in two tripod-based wells (Alapli-2 and Bayhanli-2) in January 2025, following similar installations in four wells on the Akcakoca platform in fall 2024.
The wells responded positively to nitrogen injection operations, demonstrating successful water reduction and improved performance. To enhance long-term production rates, Trillion has implemented several artificial lift techniques:
- Secured a gas lift compressor system for the Akcakoca platform, with testing scheduled for March 24, 2025
- Planning high pressure nitrogen injection post-compressor installation
- Implementing pump solutions including one Progressive Cavity Pump (PCP) and two slim-hole Electric Submersible Pumps (ESPs)