Dune Oil

Dune Oil Focusing on the exploration, production, and distribution of oil & natural gas in Turkiye and Europe

08/05/2026

Five years ago, this stretch of Southeast Türkiye was undiscovered ground.

Since then: seven oil fields found, and the fairway is now producing roughly 80,000 barrels a day.

Dune Oil holds a discovery right in the middle of it. Block M47 carries 27.6 million barrels of contingent resource (2C, net to Dune), and the play is still opening up.

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Six producing fields, all within 11 km of one block.The closest major producer, Şehit Esma Çevik, produces about 27,000 ...
07/28/2026

Six producing fields, all within 11 km of one block.

The closest major producer, Şehit Esma Çevik, produces about 27,000 bbl/d just 6 km away. Türkiye's largest onshore oil discovery, Şehit Aybüke Yalçın, is located roughly 11 km out.

That block is M47, a light oil block in southeastern Türkiye's Cudi-Gabar petroleum province, within the Zagros Basin.

The trend runs on one rock: the fractured Mardin Group carbonate. The same sequence that produces next door runs straight through M47.

The state is rapidly expanding. Cudi-Gabar increased from nearly nothing before 2023 to about 81,000 bbl/d today, with a goal of reaching 100,000 bbl/d.

The C-1 and C-2 wells encountered 38 m of net pay and confirmed 32.4° API light oil from that same carbonate.

An independent evaluation assessed a 27.6 MMbbl 2C contingent resource net to Trillion's 29% working interest.

A whole basin is opening up. Trillion is the only listed company you can hold to play it.

🇨🇦 CSE: TCF 🇺🇸 OTC: TRLEF 🇩🇪 FSE: Z62

07/24/2026

Block M47 has moved from pure exploration to a discovery with running room.

The C-1 well made a discovery in the northern of three target areas last year, since independently appraised at 27.6 million barrels of contingent resource, net to Trillion. The Mid and South targets are still to be tested.

What remains is defined work: complete the seismic program to place the development wells and delineate the remaining targets, then drill. President Scott Lower is targeting first sustainable production by the end of this year, with a ramp to follow.

The precedent sits within 12 kilometres. Producing fields discovered over the last five years took that region from zero to roughly 80,000 barrels a day.

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US$733.5 million.That is the unrisked NPV-10 of the M47 North discovery, an independently evaluated 2C contingent resour...
07/20/2026

US$733.5 million.

That is the unrisked NPV-10 of the M47 North discovery, an independently evaluated 2C contingent resource of 27.6 million barrels, net to Trillion's 29% interest.

Trillion has taken the next step toward drilling it.

A 40-kilometre 2D seismic survey is scheduled for southeastern Türkiye this late summer, the step that determines where the next wells will be drilled.

It builds on the June field scouting, when a team walked the block and a gravity study confirmed fault-related structures and priority leads.

The survey covers the South Lead and the North discovery around the Çetinkaya-1 and Çetinkaya-2 wells, positioned to tie into recent discoveries on the adjacent block.

Acquisition takes about six weeks, with data interpretation afterward. Trillion then expects to announce its next drilling locations.

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07/17/2026

Three things are set to happen on this oil block in the next six months. The last one is first production.

Block M47 sits in southeast Türkiye's Cudi-Gabar oil province. It already holds an independently appraised light-oil discovery, in a country that imports over a million barrels of oil a day and produces only a fraction of that at home (per public reports).

Here is the six-month plan:

1️⃣ Sound. Crews fire seismic waves through the block to map the faults and oil traps underground, so every well is aimed at a mapped structure, not a hunch. The survey lines are designed, a field team walked every ridge in June, and fresh gravity data is flagging structures that the old maps missed.

2️⃣ Iron. Before the year is out, the plan calls for the drill bit to turn again, on the targets, the new data ranks highest. Next door, roughly 100 wells are already producing from the same light-oil trend (per public reports).

3️⃣ The payoff. First production at the block is targeted for the end of 2026 or early 2027.

Sound, iron, oil. That is the calendar.

The vision is a multi-field producing block in the shortest timeframe possible.

Follow for the M47 story as it unfolds.

💬 Comment "TCF" and we will send you the full M47 breakdown.

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Trillion Energy is a pre-production oil and gas company. All timelines are subject to results, financing, and regulatory approvals. The 27.6 million barrel figure is a 2C contingent resource (not reserves), independently evaluated by Chapman Petroleum (effective April 2026, prepared under NI 51-101 and the COGE Handbook), net to Trillion's 29 percent working interest. Contingent resources carry no certainty of commercial recovery. See filings on SEDAR+. Neighbouring-field production figures are from public reports and are not Trillion's. This post contains forward-looking information, and actual results may differ materially. Narration is AI-assisted. Not investment advice.

Trillion has finalized the design and tender of a 40-kilometre 2D seismic program on the M47 block, with acquisition tar...
07/16/2026

Trillion has finalized the design and tender of a 40-kilometre 2D seismic program on the M47 block, with acquisition targeted for late summer.

It covers three priority areas, including the South Lead and the North discovery. Some of the block's most prospective areas have not been sufficiently imaged to date.

Acquisition takes about six weeks. Trillion then expects to announce its next drilling locations.

Press release: https://trillionenergy.com/news/trillion-energy-advances-m47-seismic-program-tender

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07/10/2026

US$734 million. That's Chapman's independent estimate for the M47 oil discovery, net to Trillion Energy.

Block M47 sits in southeast Türkiye's Gabar region, on the same trend as fields already producing about 100,000 barrels a day. The same evaluation puts 27.6 million barrels of light crude on the block (2C contingent, net to Trillion), and the North field is only the first of three targets.

The economics are the rare part. At recent prices, each well is designed to pay back in roughly two months and clear about US$50 a barrel after costs. All of it in a country that imports more than a million barrels of oil every day.

First production is targeted for late 2026. Drilling is next.

Follow for the M47 story as it unfolds.

Want the full M47 report? Comment TCF, and we'll send it to you.

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US$734M = NPV-10 of 2C contingent resources per independent evaluation (Chapman, effective March 31, 2026), net to Trillion; NPV is not fair market value. Contingent resources are not reserves; there is no certainty they will be commercially recoverable. Payback and per-barrel figures are management targets at ~US$72/bbl oil, not results. Forward-looking statements; see Trillion Energy's SEDAR+ disclosure for full risk factors. Not investment advice.

07/07/2026

Trillion sees potential for up to 100 wells across multiple developed fields at M47 within five years.

That ambition rests on a confirmed discovery.

The North area holds an independently evaluated 2C contingent resource of 27.6 million barrels, net to Trillion's 29% interest, and is where the company expects its first production.

The near-term program for that area contemplates upwards of 50 wells over the next 1-2 years.

This season's seismic defines the first drilling locations.

🇨🇦 CSE: TCF 🇺🇸 OTC: TRLEF 🇩🇪 FSE: Z62

07/06/2026

In 2022, Türkiye discovered a billion-barrel oil field in the Gabar region. The fields around it now pump 80,000 barrels a day.

Block M47 sits on the same geological trend. In 2025, the drill bit confirmed a new discovery: 27.6 million barrels of contingent resource (2C), net to Trillion Energy.

Same rock. Same trend.

Two more leads mapped. The rig is turning. First oil targeted late 2026.

Follow for the M47 story as it unfolds.

Want the full M47 report? Comment TCF and we'll send it to you.

🇨🇦 CSE: TCF 🇺🇸 OTC: TRLEF 🇩🇪 FSE: Z62



2C contingent resource per independent evaluation. Contingent resources are not reserves; there is no certainty they will be commercially recoverable. Forward-looking statements; see Trillion Energy's SEDAR+ disclosure for full risk factors. AI-assisted visuals and narration. Not investment advice.

Surface mapping across the M47 licence has confirmed fault-related structural features in the eastern and northeastern b...
07/02/2026

Surface mapping across the M47 licence has confirmed fault-related structural features in the eastern and northeastern block, in line with the subsurface interpretation.

The field program, completed in early June, evaluated the exploration targets on the ground ahead of this year's seismic program, reducing geological uncertainty and sharpening the placement of seismic lines and future wells.

In the Cudi-Gabar province, faulted carbonate structures hold the oil. The producing fields within roughly 11 km of the block lie on the same trend, which produces about 80,000 barrels a day.

A 27.6 million-barrel light oil discovery, net to Trillion's 29% interest, has already been confirmed, with only about 25% of the block covered by seismic.

The new program is expected to add 4 to 6 drillable locations beyond current resource assessments, opening the rest of the block to further potential discoveries.

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