Business UpdateMay 11, 2026, 06:12 AM
Trillion Energy makes payment for M47 oil block interest in Türkiye
AI Summary
Trillion Energy International Inc. has made a payment for its participating interest in the M47c,d oil block in southeastern Türkiye, which will be applied towards previously announced work program commitments. The M47c,d block, covering 450 km² in a highly active oil region, has significant contingent and prospective oil resources as identified by a recent third-party evaluation. The company is committed to funding US$15 million for 2026 and 2027 work programs to earn a 29% working interest in the block. Additionally, Trillion Energy is scheduled to present at the Emerging Growth Conference on May 6, 2026.
Key Highlights
- Payment made for participating interest in M47c,d oil block in Türkiye.
- Payment applied against work program commitments for 2026 and 2027.
- M47c,d oil block covers approximately 450 km² in Cudi-Gabar petroleum province.
- Independent evaluation identified meaningful contingent and prospective oil resources.
- Company to fund US$15 million for 2026 and 2027 work commitments.
- Trillion Energy to earn a 29% working interest in the M47 oil exploration block.
- Company to present at Emerging Growth Conference on May 6, 2026.