Trillion Energy Comments on Rising Oil Prices
Rhea-AI Summary
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.
Positive
- Independent M47 NPV-10 (unrisked, net 29% WI): US$733.5M
- M47 crude quality: 32.4° API light oil priced near Brent
- Company committed US$15M to the M47 work programme for 2026–2027
- Block M47 valuation used US$63.68/bbl for 2026 versus current Brent > $100/bbl
- Region hosts cluster of discoveries with potential to increase production by +80,000 bpd
Negative
- Earn-in obligations require US$15M of committed capital across 2026–2027
- Reported NPV is unrisked, not adjusted for development or execution risk
- Global oil market disruption is driven by concentrated geopolitics, which may cause sustained volatility
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) ("Trillion" or the "Company") wishes to comment on the current global oil price environment and its implications for the Company's M47 oil exploration programme in Southeastern Türkiye.
Market Context
The global oil market is experiencing the largest supply disruption on record. Restricted flows through the Strait of Hormuz have removed an estimated 9.1 million barrels per day from global supply, a level that dwarfs prior shocks, including the Gulf War. Brent crude has traded above US
The world's spare production capacity, concentrated almost entirely in the Gulf states, has now been effectively sidelined. Global oil inventories are tracking toward all-time lows. Much of what appears to be falling demand is not buyers pulling back on price; it is forced consumption loss because supply cannot physically reach them. Prices must rise further to ration available barrels, not merely to reflect a geopolitical premium that could reverse overnight.
A decade of underinvestment in new oil production has left the industry poorly positioned to absorb shocks of this scale. With global demand still near 100 million barrels per day and no structural decline in sight, the case for higher oil prices over the coming years is stronger than it has been in a generation.
Source: U.S. Energy Information Administration (EIA); International Energy Agency (IEA). Estimated peak daily supply volumes removed during major disruption events.
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What This Means for M47
The independent resource evaluation of Block M47, completed by Chapman Hydrogen and Petroleum Engineering Ltd., effective December 31, 2025, used a near-term Brent price of US
Trillion is not a passive observer of this environment. The Company's earn-in obligations are actively underway, with US
Management Comment
"This is the largest supply disruption in the history of the oil market, and inventories are heading toward all-time lows. The consensus is still treating this as a temporary spike. We don't see it that way. A decade of underinvestment doesn't unwind in a quarter. The world still needs 100 million barrels a day; that number isn't going backwards, and the easy barrels are getting harder to find. Türkiye imports much of its crude oil. When Brent trades above
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
Brian Park, Vice President of Finance
Trillion Energy International Inc.
Suite 700, 838 West Hastings Street
Vancouver, B.C., V6C 0A6
Corporate offices: 1-778-819-1585
e-mail: info@trillionenergy.com
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 bell-ringing ceremony date, time and format; the Company's strategic direction and focus on the M47 Concession; the Company's earn-in obligations and work program commitments; and the business and affairs of the Company generally. Forward-looking information is based on a number of assumptions including, without limitation: the availability of the CSE venue and livestream; 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.
*Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.*
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