InvestmentJun 11, 2026, 06:07 AM
Trillion Energy makes $250K earn-in payment for M47 oil block
AI Summary
Trillion Energy International Inc. announced a US$250,000 earn-in payment for its 29% working interest in the M47c,d oil block in Türkiye, bringing total advanced payments to US$500,000 against a US$9.5 million work program commitment. The company is preparing for an upcoming seismic program on the underexplored block, which is expected to generate additional drillable exploration locations. The M47 block holds significant contingent resources with a North Prospect unrisked NPV-10 of US$733.5 million.
Key Highlights
- Trillion Energy made a US$250,000 earn-in payment for the M47c,d oil block in Türkiye.
- Total earn-in payments advanced to date reached US$500,000.
- Payment is applied against the US$9.5 million 2026-2027 work program commitment.
- The company holds a 29% working interest in the M47c,d block.
- North Prospect has a 2C contingent resource of 27.6 MMbbl (24,186 MSTB net to Trillion).
- North Prospect's unrisked NPV-10 is estimated at US$733.5 million.
- An upcoming seismic program is expected to generate 4-6 additional drillable exploration locations.
- The 2025 Çetinkaya-1 well confirmed 38 meters of net oil pay.
Price Impact
More from TRLEF