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
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.
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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.
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Jun 30, 2026 · 09:01