Proactive Investors
04 Jun 2026, 13:51 UTC · 2h ago
Trillion Energy advances Türkiye oil block program with second earn-in payment
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Proactive Investors
04 Jun 2026, 13:51 UTC · 2h ago
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Story key points
4 claims · impact-rated
Trillion Energy's M47 block holds an independent NI 51-101 contingent resource of 27.6 MMbbl 2C with a risk-adjusted value of US$594.2 million. — Directly quantifies the asset value and resource potential, which is the primary driver for the company's valuation.
+0.60The 2025 Çetinkaya-1 well confirmed 38 metres of net oil pay at 32.4° API light oil. — Provides empirical proof of oil presence and quality (light oil), reducing exploration risk.
+0.50Trillion Energy is initiating a seismic program expected to identify four to six additional drilling targets. — Indicates a near-term catalyst for growth and potential discovery of new reserves.
+0.40The company has made a second US$250,000 payment toward its US$9.5 million work program to earn a 29% interest in the M47c,d Concession. — Confirms the company is meeting its contractual obligations to secure ownership of the block.
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The company is advancing its oil exploration in Türkiye, making cash payments to secure interests and preparing a seismic program to unlock new drilling targets.
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