Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) is stepping up its push into an underexplored onshore oil block in southeastern Türkiye, making a second cash payment of US$250,000 toward its earn-in obligations on the M47c,d Concession as it prepares an…
coming seismic program expected to unlock new drilling targets. The payment brings total earn-in payments to US$500,000 against the company’s US$9.5 million work program commitment, through which it is earning a 29% participating interest in the block, located in the Cudi-Gabar petroleum province
Only approximately 25% of the block is currently covered by seismic, with key areas of interest on the eastern block line yet to be studied. The new seismic program is expected to generate four to six additional drillable exploration locations not currently covered by the company’s resource assessments. “M47 Block is significantly underexplored relative to the drilling occurring about the Block to the North and East, which has generated five new producing oil fields in about five years,” said Scott Lower, president of Trillion Energy. Lower noted that around 40 rigs are currently working on a 140 well location inventory just beyond the block’s perimeter. “It’s time to play catch up.” The block holds an independent NI 51-101 contingent resource of 27.6 MMbbl 2C net to Trillion on the North Prospect, with an unrisked NPV-10 of US$733.5 million and a risk-adjusted value of US$594.2 million.
Two further prospects, Central and Findik South, add a combined after-risk NPV-10 of US$215.7 million. The 2025 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 metres