Trillion Energy Advances M47 Seismic Program Ahead of Next Türkiye Drilling Phase

• Trillion Energy International Inc. has finalised a 40-kilometre two-dimensional seismic acquisition tender on the M47 oil block in southeastern Türkiye.
• The survey is designed to improve subsurface imaging and refine future drilling locations across priority exploration targets on the licence.
• The M47 block sits within the Cudi-Gabar petroleum province, where nearby oil fields have increased production to more than 80,000 barrels per day over the past five years.
• An independent resource evaluation effective December 31, 2025, estimated a best-estimate contingent resource of 27.6 million barrels net to Trillion's 29% working interest.
• Seismic interpretation, financing progress and future drilling activities represent the key catalysts investors are likely to monitor over the coming months.

What Has Happened

Trillion Energy International Inc. (CSE: TCF | OTCQB: TRLEF | FSE: Z62) has finalised the design and tender process for a 40-kilometre two-dimensional seismic acquisition program across the M47 oil block in southeastern Türkiye. The survey is targeted for late summer 2026 and is expected to require approximately six weeks to complete.

The acquisition program follows recent gravity surveying and field reconnaissance work that identified several priority exploration targets across the licence area. The new seismic dataset is intended to improve structural imaging before future drilling decisions are made.

President of Trillion Energy International, Scott Lower, discussed the importance of the program:

"New seismic acquisition significantly advances the commercialisation and exploration of the M47 Block forward. Some of the most important and prospective areas of the block have not been sufficiently imaged to date. Once it is interpreted, new well locations may be finalised for the upcoming drilling programs as we move one step closer to commerciality and sustained production."

Regional Context Supports Additional Exploration

The M47 block is located within the Cudi-Gabar petroleum province, one of Türkiye's fastest-growing onshore oil regions.

Lower provided the context for the regional activity:

"The regional within a 12-kilometre radius of the block, the areas ramped up from zero production to over 80,000 barrels a day of production over a short five-year period of time on seven new oil fields."

The regional production growth is relevant because M47 sits among multiple producing fields and recent discoveries. Trillion's exploration strategy is based on the view that the same petroleum system extends across its licence area and remains underexplored relative to nearby developments.

Seismic Data Will Guide Future Drilling

The survey will cover three priority areas, including the North Field discovery area and the South Lead exploration trend. The North Field includes the Çetinkaya-1 and Çetinkaya-2 wells drilled during 2025, while the South Lead sits along the southeastern portion of the licence. Several areas of the block have not been adequately imaged by historical seismic data. Management intends to use the new survey to improve reservoir mapping and identify future appraisal and development well locations.

The program also incorporates geological information from a recent nearby oil discovery drilled on the adjacent M48 block. The new dataset may help determine whether similar structures extend into Trillion's licence area and support additional exploration opportunities.

Resource Base Provides Development Foundation

The company's current development focus remains the North Field discovery. An independent resource evaluation effective December 31, 2025, estimated a best-estimate contingent resource of 27.6 million barrels net to Trillion's 29% working interest. The same evaluation assigned an unrisked net present value (NPV10%) of US$733.5 million to the best-estimate case. The estimate assumes successful future development and should not be interpreted as a current valuation of the company. The development concept outlined in the evaluation contemplates more than 50 wells over multiple years and targets net production of 8,816 barrels of oil per day by 2030.

Corporate Focus Has Shifted to Onshore Oil

The seismic tender follows a broader corporate restructuring completed during 2026. Trillion exited its Black Sea offshore gas project, eliminating approximately US$25 million of debt and redirecting capital toward the M47 oil project. The restructuring simplified the company's asset portfolio and concentrated capital allocation on a single onshore development opportunity. The seismic program now represents the next major operational milestone within that strategy.

Lower said investors should focus on both technical and financial progress as the project advances:

"They should be looking for the results of the seismic program. It's ongoing at this time. They should be looking as well at the capitalisation, and they should be looking at an opportunity to get in before the drilling occurs."

Why the Seismic Program Matters & What to Watch Next

The seismic program represents the next de-risking step in Trillion's M47 development strategy, as it will influence how future drilling capital is allocated. Successful interpretation of the new dataset could improve well placement, expand drilling inventory across the North, Mid and South leads, and provide the geological framework required for future appraisal and development activities. Because seismic acquisition precedes drilling, the results are likely to become one of the most important technical catalysts for the project over the coming months. 

Key milestones include commencement and completion of the seismic acquisition program targeted for late summer 2026, followed by interpretation work that could refine drilling targets across the North, Mid and South leads. Progress on Trillion's capitalisation and earn-in funding commitments will also be important, as access to capital will influence the pace of future drilling. Additional milestones include potential re-entry and sidetrack work at the Çetinkaya-1 well, as well as exploration planning that could determine whether the recent adjacent discovery supports further opportunities across the South Lead trend.

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