Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Production / Operations

Trillion Energy International Inc. to Present at the Oil & Gas Virtual Investor Conference on April 16th

Turkey Asset Value Quantified at $733M NPV as Debt Deadline Looms

By The Northwire Desk — AI Analysis Apr 16, 2026 · 10:00 TCF · 0.035 Trillion Energy International Inc.
Executive Summary
  • The most recent release (April 16, 2026) confirms an independent resource evaluation for Block M47C3/C4 in Southeast Türkiye.
  • Results identify a 27.6 MMbbl 2C Contingent Resource at the North Prospect with an unrisked NPV-10 of US$733.5 million.
  • Risked expected value is calculated at US$594.2 million based on an 81% chance of development.
  • Drilling results from Çetinkaya C-1 confirmed 32.4° API light oil with 38 metres of net oil pay, though drilling was halted early due to loss of circulation.
  • A sidetrack well (C-1ST) is planned to target a higher structural position.
  • Planned work program includes Fındık-2 exploration well in late 2026 ($3.2 million) and Central exploration well in late 2026/early 2027 ($3.4 million).
  • This news follows an April 14 announcement of the light oil discovery and an April 10 asset disposition that removed US$20 million in liabilities from the balance sheet.
Material Impact
  • The resource evaluation provides specific valuation metrics (US$733.5M unrisked NPV) that were not present in the initial discovery announcement on April 14, quantifying the potential value of the core asset.
  • For a micro-cap company trading at $0.04, this valuation represents a significant multiple over current market capitalization (implied), suggesting substantial upside if development proceeds.
  • However, the news is contingent on future execution; the resource is "2C Contingent," meaning it requires further investment and approval to become reserves.
  • The positive impact is tempered by the company's liquidity situation; the work program costs ($3.5M/well + seismic) must be funded alongside a mandatory equity raise of CAD$10 million by September 30, 2026 to avoid debt default.
  • The asset sale (April 10) improved balance sheet health by transferring US$20 million in liabilities, but the retained royalty only triggers after US$7.5 million in cumulative revenue, offering no immediate cash flow relief.
TCF · Price
Company Overview
  • Trillion Energy International Inc. is an oil and gas exploration company focused on Türkiye.
  • Flagship Project: Block M47 (M47C3, C4) in Şırnak Province, Southeast Türkiye.
    • Holds a 29% working interest.
    • Located 11 km from the Şehit Aybükе Yalçın field (over 1 billion barrels discovery).
    • Targets Cretaceous Mardin Group carbonate reservoirs.
  • Secondary Assets: Previously held South Akcakoca Subbasin (SASB) and Cendere oil field licences, now sold with a retained royalty interest.
Read the original news release →

More from Trillion Energy International Inc.

Jun 30, 2026 · 09:01

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

Drill Results Jun 09, 2026 · 09:01

Trillion Energy closes $1.5M placement to fund Turkey M47 earn-in, extends warrants, and seeks additional capital amid severe liquidity constraints.

Financings Jun 04, 2026 · 09:01

Trillion Energy Advances M47 Earn-In and Plans Seismic Amidst Severe Liquidity Constraints and Debt Restructuring Deadline

Resource Estimate May 26, 2026 · 23:39

Trillion Energy Clears Regulatory Hurdle, Confirms Turkey Oil Asset Valuation

Other May 16, 2026 · 03:22

Trillion expects to close private placement May 22

Production / Operations May 16, 2026 · 02:40

Trillion Energy kicks M47’s $9.5 million can down the road as the MCTO lingers, leaving the micro-cap explorer’s funding gap wide open.

Other