Trillion Energy International Inc. is making substantial progress in its exploration activities in the M47 oil block, located in the Cudi-Gabar petroleum province of southeastern Türkiye. The company has recently made a US$250,000 cash payment towards its earn-in obligations, bringing the total payments to US$500,000 for the 2026-2027 work program commitment.
This latest investment underscores Trillion Energy’s commitment to exploring the M47c,d oil block, an onshore exploration asset with significant potential. The payment is part of the company’s Definitive Farm-In Agreement on the M47 Concession, which aims to secure a 29% participating interest in the block.
The Strategic Importance of the M47 Oil Block
Scott Lower, President of Trillion Energy, highlighted the strategic importance of the M47 block. “The Gabar regional fields are currently producing around 80,000 barrels of oil a day, roughly 8% of Türkiye’s demand, with a stated target of 100,000 bbl/d,” he stated. The M47 Block is significantly underexplored compared to the drilling activities occurring to the north and east, which have generated five new producing oil fields in about five years.
Currently, approximately 40 rigs are working on a 140 well location inventory just beyond the block’s perimeter. This intense activity underscores the region’s potential and the need for Trillion Energy to “play catch up,” as Lower put it.
Upcoming Seismic Program
With the latest payment advanced, Trillion Energy, along with its partners, is preparing for an upcoming seismic program on the block. This program is anticipated to generate several new additional leads. Currently, only approximately 25% of the block is covered by seismic, with key areas of interest, particularly on the eastern block line, now to be studied.
The new seismic program is expected to generate four to six additional drillable exploration locations, which are not currently covered by the company’s resource assessments. This initiative is crucial for unlocking the full potential of the M47 block and advancing Trillion Energy’s exploration efforts.
Project Highlights and Resource Evaluations
The M47c,d oil block offers several compelling highlights for investors and stakeholders. Trillion Energy has a 29% working interest in the block, earned by funding US$15 million across two work program tranches. To date, US$500,000 has been advanced against the US$9.5 million first tranche.
Independent Resource Evaluations
An independent NI 51-101 contingent resource evaluation identified 27.6 MMbbl 2C on the North Prospect, with an unrisked NPV-10 of US$733.5 million and a risk-adjusted value of US$594.2 million. This evaluation, conducted by Chapman and effective as of December 31, 2026, provides a strong technical foundation for the upcoming work program.
Additionally, two further prospects, Central and Findik South, add a combined after-risk NPV-10 of US$215.7 million. The North Prospect 3C estimate stands at an unrisked NPV-10 of US$1.18 billion, highlighting the significant potential of the M47 block.
Drilling Success and Future Prospects
The 2026 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. This success underscores the block’s potential and sets the stage for future drilling activities.
Trillion Energy has two routes to first cash flow: a recently completed regional pipeline network with over 150,000 boe/d capacity, with Şehit Esma Çevik as the first tie-in, plus truck haul to the Tüpraş Batman refinery, located 130 km away. These infrastructure advantages position Trillion Energy for efficient and cost-effective production.
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 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 SedarPlus.ca and on the company’s website at www.trillionenergy.com.
Requests for further information should be directed to Scott Lower, President, at [email protected].
