Trillion Energy provides an update on its onshore oil opportunity and current private placement offering.

In 2026, the Company has executed a number of transformative initiatives, including balance sheet restructuring, the divestment of its SASB Black Sea offshore gas asset, a 5:1 share consolidation, and the completion of a farm-in agreement for the onshore Block M47 oil play. Supported by a recent oil discovery and an independent resource report, Trillion is now well-positioned to advance toward commercial development at Block M47.

The Block M47 concession is located in Southeast Turkey within the prolific Zagros Basin. Trillion’s acreage is directly on trend with several of the region’s most significant recent discoveries, offering a compelling entry point at a meaningful discount to its peer group.

Key Investment Highlights:

Significant Recoverable Resources
Trillion has identified total recoverable resources exceeding 50 MMBbl net, including 27.6 MMBbl of 2C contingent resources following the successful North Lead discovery in 2025.

Strategic Location & Infrastructure
The M47 block is adjacent to major producing fields (Şehit Aybüke Yalçın and Şehit Esma Çevik), which collectively produce approximately 81,000–99,000 boe/d. The project also benefits from proximity to the Tüpraş Batman Refinery (130 km) and access to a new pipeline with capacity exceeding 150,000 boe/d.

Favourable Fiscal Regime
Operations in Turkey benefit from a low 12.5% royalty rate and a 25% corporate tax rate, supporting strong project economics.

Operational Advancement-The Company's "Game Changer"
The Company plans to implement Managed Pressure Drilling (MPD) for its 2026–2027 drilling program to mitigate historical lost circulation challenges, preserve reservoir integrity, and enhance production efficiency.

Compelling Valuation
Trillion currently trades at an approximate 94% discount to producing peers on a $/2C basis. The Company’s unrisked NPV10 is estimated at USD $1.394 billion, including USD $734 million attributable to 2C resources. The current market valuation implies approximately $0.21 per barrel of net 2C resources (increasing to ~$0.91 post-financing), compared to peer valuations of $1.60–$7.00 per barrel in the same basin.

Active 2026 Work Program
A fully funded USD $9.5 million program is planned for 2026, including two exploration wells targeting the Mid and South Leads, as well as additional 2D seismic to further de-risk prospective resources with approximately 1.9x upside potential.

KeyFacts Energy: Trillion Turkey country profile