Rising oil prices boost Trillion Energy (CSE: TCF) M47 project backdrop
Rhea-AI Filing Summary
Trillion Energy International uses this update to link a sharp increase in global oil prices to the potential value of its M47 oil exploration project in Southeastern Türkiye. The company highlights an estimated loss of 9.1 million barrels per day of global supply, Brent crude trading above US$100 per barrel, and inventories moving toward all-time lows.
For M47, an independent evaluation effective December 31, 2025 assumed a 2026 Brent price of US$63.68 per barrel and yielded an unrisked NPV-10 of US$733.5 million net to Trillion’s 29% working interest. Management notes that M47’s 32.4° API light oil is priced near Brent, so current prices are supportive of project economics, and confirms US$15 million of earn-in spending commitments across 2026 and 2027.
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Insights
Rising oil prices make Trillion’s M47 economics look stronger on paper, but risks remain.
Trillion emphasizes an historic supply disruption of about 9.1 million barrels per day and Brent prices above US$100 to frame its M47 project. The independent NPV-10 of US$733.5 million was based on a far lower 2026 Brent price of US$63.68 per barrel, so current prices improve the backdrop.
The project’s 32.4° API light oil, priced near Brent, aligns with this environment, and Trillion has committed US$15 million across 2026 and 2027 to meet earn-in work obligations. However, the release also lists key uncertainties such as commodity prices, drilling and operational risk, Turkish regulatory risk, joint operating committee approvals, access to capital, and currency exposure, all of which could materially affect outcomes.
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Key Terms
NPV-10 financial
working interest financial
earn-in obligations financial
forward-looking information regulatory
petroleum province technical
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FAQ
How do rising oil prices affect Trillion Energy (TRLED) and the M47 project?
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What risks and assumptions does Trillion Energy highlight in this 6-K update?
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 27, 2026
Commission File Number: 000-55539
TRILLION ENERGY INTERNATIONAL INC.
(Translation of registrant’s name into English)
Suite 700, 838 West Hastings Street
Vancouver, BC, V6C 0A6
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
☒ Form 20-F ☐ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On April 27, 2026, Trillion Energy International Inc. issued the news release filed herewith as Exhibit 99.1, in which the company comments on recent and current global oil price movement.
| Exhibit No. | ||
| 99.1 | News Release April 27, 2026 – Trillion Energy Comments on Rising Oil Prices |
| -2- |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TRILLION ENERGY INTERNATIONAL INC. | |
| /s/ David Thompson | |
| David Thompson | |
| Director, Audit Committee Chair | |
| May 11, 2026 |
| -3- |
Exhibit 99.1
Trillion Energy Comments on Rising Oil Prices
April 27, 2026 – Vancouver, B.C. – Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) 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$100 per barrel, with physical spot grades rising materially as cargoes become scarce.
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.
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$63.68 per barrel for 2026, well below today’s Brent price. The evaluated NPV-10 of US$733.5 million (unrisked, net to Trillion’s 29% working interest) was calculated at prices the market has already significantly exceeded. Trillion’s M47 target is 32.4° API light oil, premium-grade crude priced at or near the Brent benchmark, making the current environment directly accretive to project economics.
Trillion is not a passive observer of this environment. The Company’s earn-in obligations are actively underway, with US$15 million committed across 2026 and 2027 to advance the M47 work programme, including exploration drilling on a block where the geology is a cluster of major discoveries, increasing the region’s oil production from 0 to +80,000 barrels of oil a day.
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 $100, that dependency is felt directly in energy costs,
supply security, and policy. Domestic onshore production of the kind we are developing at M47 becomes exactly what Türkiye needs.
The Cudi-Gabar province is a cluster of major discoveries, a proven petroleum system with an established regional production base. We
are building a company around that reality, and our timing, we believe, is right.” – Scott Lower, President of Trillion
Energy
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 29% working interest in the M47 oil exploration block (C3 and C4 licences) located in the Cudi-Gabar petroleum province of Southeastern Türkiye. The earn-in includes funding a total of US$15 million for 2026 and 2027 work commitments. More information may be found on www.sedarplus.ca and on the Company’s website at www.trillionenergy.com.
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.*