Trillion Energy Advances Additional Earn-In Payment on M47 Oil Block and Plans Upcoming Seismic
Rhea-AI Summary
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.
Positive
- US$250,000 additional earn-in payment, totaling US$500,000 toward M47c,d first tranche
- 29% working interest earned by funding US$15 million across two work program tranches
- Independent 2C contingent resource of 27.6 MMbbl with US$733.5M unrisked NPV-10
- North Prospect risk-adjusted value cited at US$594.2M plus US$215.7M from two further prospects
- Çetinkaya-1 well confirmed 38 metres net oil pay of 32.4° API light oil
- Two potential routes to first cash flow via regional pipeline and trucking to Batman refinery
Negative
- Only about 25% of the M47 Block currently covered by seismic data
- US$9.0M of the US$9.5M first-tranche earn-in commitment still remaining
- Total US$15M funding obligation required to earn the 29% working interest in the block
News Market Reaction – TRLEF
In the Jun 4 session, TRLEF gained 6.73%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) ("Trillion" or the "Company") is pleased to announce that it has made a further cash payment of US
This payment follows the previous US
Scott Lower, President of Trillion Energy, stated: "The Gabar regional fields are currently producing around 80,000 barrels of oil a day, roughly
With this latest payment advanced, Trillion along with its partners are preparing upcoming seismic program on the Block which is anticipated to generate several new additional leads. Currently, only approximately
Project Highlights
29% working interest in block M47c,d, earned by funding US$15 million across two work program tranches; US$500,000 advanced to date against the US$9.5 million first tranche.Independent NI 51-101 contingent resource of 27.6 MMbbl 2C (24,186 MSTB net to Trillion) on the North Prospect, with an unrisked NPV-10 of US
$733.5 million and a risk-adjusted value of US$594.2 million . (Chapman, effective December 31, 2025, see Company's news release April 16, 2026, for further details).Two further prospects, Central and Findik South, add a combined after-risk NPV-10 of US
$215.7 million , with the North Prospect 3C estimate at an unrisked NPV-10 of US$1.18 billion . (Chapman: December 31, 2025).The 2025 Çetinkaya-1 well confirmed 38 metres of net oil pay at 32.4° API light oil with 160 metres of reservoir left undrilled at 2,455 m.
Two routes to first cash flow: a recently completed regional pipeline network (over 150,000 boe/d capacity) with Şehit Esma Çevik as the first tie-in, plus truck haul to the Tüpraş Batman refinery (130 km).
Figure 1. Cetinkaya-2 Well Drill rig on M47 Block
To view an enhanced version of this graphic, please visit:
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About the M47c,d Oil Block
The M47c,d oil block covers approximately 450 km² within the Cudi-Gabar petroleum province, one of Türkiye's most active onshore oil regions. Block M47C3,C4 is located approximately 11 km southeast of Türkiye's largest onshore light oil discovery, the Şehit Aybüke Yalçın field, which contains oil in the same Beloka and Mardin Group carbonate reservoirs as M47. The region hosts significant established production, with approximately 100 analogue wells operating within a 10-to-12-kilometre radius, targeting the same Mardin and Beloka reservoir intervals that Trillion plans to explore and evaluate on M47.
As previously announced on April 16, 2026, an independent third-party resource evaluation identified meaningful contingent and prospective oil resources on the Block, providing a strong technical foundation for the upcoming work program.
About Trillion Energy International Inc.
Trillion Energy International Inc. is a Canadian oil exploration company focused on Türkiye. The Company has an agreement to earn a
Requests for further information should be directed to:
Scott Lower, President
e-mail: info@trillionenergy.com
Trillion Energy International Inc.
Suite 700, 838 West Hastings Street
Vancouver, B.C., V6C 0A6
Corporate offices: 1-778-819-1585
Website: www.trillionenergy.com
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including but not limited to: statements regarding the Company's earn-in obligations and the funding of its work program commitments on the M47 Concession; the Company's strategic direction and focus on the M47 block; the anticipated exploration and drilling program and timing thereof; and the business and affairs of the Company generally. Forward-looking information is based on a number of assumptions including, without limitation: JOC partner approvals; prevailing oil prices and foreign exchange rates; access to capital; and the availability of required services and equipment. Forward-looking information is subject to known and unknown risks, uncertainties and other factors, many of which are beyond the Company's control, that may cause actual results to differ materially, including: commodity price risk; drilling and operational risk; regulatory risk in Türkiye; JOC partner risk; access to financing; and currency risk. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date hereof and the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as expressly required by applicable securities law.
Oil and Gas Disclosure, COGEH / NI 51-101
This news release has been prepared in accordance with National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook ("COGEH").
References to production rates and reservoir characteristics at the Şehit Aybüke Yalçın and Şehit Esma Çevik fields, and to current Gabar production of approximately 80,000 barrels per day and the 100,000 barrels per day government target, are based on publicly available information reported by Türkiye Petrolleri Anonim Ortaklığı ("TPAO"), Türkiye's Ministry of Energy and Natural Resources, and public media sources. These fields are operated by TPAO and Trillion Energy has no direct knowledge of their subsurface or production data. Production rates and targets at analogue fields are not necessarily indicative of production rates that may be achieved at Block M47C3,C4.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300120