Northwire Canada EditionFriday, July 10, 2026
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FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.38 +7.6% TUNG 1.72 +1.8% LGO 1.01 −2.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.30 −2.0% SGZ 0.045 +0.0% S 0.135 +12.5% GRSL 0.310 −3.1% DEX 0.390 +1.3% WMS 0.040 +0.0% EMPR 0.840 +2.4% SAGA 0.480 +0.0% ABX 51.73 −0.9% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.38 +7.6% TUNG 1.72 +1.8% LGO 1.01 −2.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.30 −2.0% SGZ 0.045 +0.0% S 0.135 +12.5% GRSL 0.310 −3.1% DEX 0.390 +1.3% WMS 0.040 +0.0% EMPR 0.840 +2.4% SAGA 0.480 +0.0% ABX 51.73 −0.9%
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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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