Northwire Canada EditionMonday, August 24, 2026
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GOLD 4697.80 +0.4% SILVER 68.59 −1.4% COPPER 6.61 +0.3% OIL 85.01 −2.4% PALLADIUM 1359.75 +0.7% SRA 0.780 +0.0% TUK 0.020 −20.0% GWM 0.610 −4.7% MINE 0.110 +0.0% EGM 0.100 +0.0% IRO 1.11 +2.8% CBR 1.41 +2.5% CTN 0.045 +0.0% GMX 2.06 +2.0% NPR 0.700 −2.8% CGD 1.28 +8.5% CRE 0.390 +13.0% PE 0.250 +0.0% PER 0.150 +7.1% SVRS 0.540 +8.0% EML 0.225 −4.3% GOLD 4697.80 +0.4% SILVER 68.59 −1.4% COPPER 6.61 +0.3% OIL 85.01 −2.4% PALLADIUM 1359.75 +0.7% SRA 0.780 +0.0% TUK 0.020 −20.0% GWM 0.610 −4.7% MINE 0.110 +0.0% EGM 0.100 +0.0% IRO 1.11 +2.8% CBR 1.41 +2.5% CTN 0.045 +0.0% GMX 2.06 +2.0% NPR 0.700 −2.8% CGD 1.28 +8.5% CRE 0.390 +13.0% PE 0.250 +0.0% PER 0.150 +7.1% SVRS 0.540 +8.0% EML 0.225 −4.3%
Drill Results Routine +

M47 Exploration Licence - Trillion Announces Field Scouting and Geophysical Program Update

Trillion Energy advances M47 seismic prep amid critical CAD 10M financing deadline and going-concern pressure.

By The Northwire Desk — AI Analysis Jun 30, 2026 · 09:01 TCF · 0.165 Trillion Energy International Inc.
Executive Summary
  • Trillion Energy completed a technical field scouting program (June 6-8, 2026) across its M47 exploration licence in southeastern Türkiye.
  • The scouting validated geological interpretations, identified significant fault-related structural features, and optimized the design for an upcoming geophysical (seismic) data acquisition campaign.
  • The release reiterates the April 2026 COGEH resource estimates: a 2C Contingent Resource of 27.6 MMbbl on the North Discovery and a total unrisked resource potential of 51.6 MMbbl across three prospects.
  • No new drilling results, financial updates, or financing milestones were disclosed in this specific release.
Material Impact
  • The news is an expected operational milestone in the exploration phase. Field scouting and seismic planning are standard prerequisites before committing to high-cost drilling campaigns.
  • It confirms management is progressing toward the planned seismic survey, which is necessary to define fault geometries and support future drilling decisions.
  • The resource estimates remain unchanged from prior announcements, indicating no immediate upside or downside surprise.
  • Given the company's acute liquidity constraints and the pending CAD 10M equity financing deadline (Sept 30, 2026), this operational update does not materially alter the near-term survival risk profile.
TCF · Price
Company Overview
  • Trillion Energy International Inc. is an oil and gas exploration company focused on its 29% working interest in the M47 oil exploration block in southeastern Türkiye.
  • The company recently divested its legacy South Akcakoca Subbasin (SASB) natural gas assets to focus capital on the M47 light oil play.
  • The M47 block targets Cretaceous carbonate reservoirs, sharing geological characteristics with Türkiye's largest onshore light oil discovery.
  • Independent resource evaluations highlight a 27.6 MMbbl 2C contingent resource on the North Prospect, with an unrisked NPV-10 of US$733.5 million.
Read the original news release →

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