Trillion Energy Announces Light Oil Discovery in Türkiye and Strategic Shift to Oil Exploration

Why It Matters

The find positions Trillion to capitalize on Turkey’s burgeoning oil boom, potentially delivering rapid cash flow and boosting shareholder value as the company pivots to a dedicated oil explorer.

Key Takeaways

• Trillion Energy discovers 32‑API light oil in Turkey’s Şırnak Province.
• Well logged 38 m net pay; only 30% of target reached.
• Company plans sidetrack drilling to tap additional fractured carbonate zones.
• Region now hosts 40 rigs, producing over 80,000 barrels daily.
• Trillion will focus solely on oil exploration, raising funds for farms.

Summary

Trillion Energy International announced a significant light‑oil discovery at its C‑1 (Çetinkaya) block in Şırnak Province, southeast Turkey, and said the find will steer the company toward a pure‑play oil exploration strategy.

The well intersected 32‑API crude across 38 m of net pay in the Beloka and Mardin carbonate formations, with wireline logs confirming oil in multiple stacked zones. Drilling reached only about 30 % of the targeted pay, leaving several hundred metres of fractured carbonate yet to be evaluated, prompting a planned sidetrack to deeper zones.

The discovery comes amid an oil rush in the region, where roughly 40 rigs operate within a 10‑km radius and production has surged to more than 80,000 barrels per day. Trillion is the sole privately‑owned operator on the block, enjoying strong backing from local authorities and a government that is rapidly expanding output, now accounting for over 60 % of Turkey’s oil.

Management indicated that oil will become Trillion’s primary, if not exclusive, focus, with a resource report forthcoming and capital raises to meet farm‑in obligations and fund at least two additional wells and the sidetrack by year‑end. If the additional zones prove commercial, the company could quickly transition from discovery to revenue‑generating production, reshaping its valuation and growth trajectory.

Original Description

Trillion Energy International President Scott Lower joined Steve Darling from Proactive to announce a significant light oil discovery at the Çetinkaya-1 (C-1) well in southeast Türkiye, alongside a strategic realignment toward high-impact oil exploration.

Lower explained that the C-1 exploration and appraisal well, located on Block M47C3,C4 in Şırnak Province, has confirmed the presence of 32.4° API light oil within the Cretaceous Beloka and Mardin Group carbonate formations.

A comprehensive wireline logging program was completed, including gamma ray, resistivity, density, neutron porosity, sonic, spontaneous potential, and caliper measurements. Log analysis, conducted using Archie’s equation calibrated to formation conditions, confirmed hydrocarbon-bearing intervals in both target formations.

The well identified approximately 38.0 metres of net oil pay within a 76.6-metre gross reservoir interval, representing a net-to-gross ratio of about 50%. Fracture-adjusted estimates indicate gross pay of approximately 40.6 metres and net pay in the range of 36.0 to 38.5 metres.

Drilling reached a depth of 2,455 metres before being halted due to loss of circulation, intersecting only about 38 metres of the targeted 250–350 metre reservoir section. As a result, more than 160 metres of prospective reservoir remains untested.

To further evaluate the discovery, the company is planning a follow-up sidetrack well (C-1ST), targeting a structural crest approximately 75 to 100 metres higher, where a thicker oil column is anticipated.

The discovery marks an important step in Trillion Energy’s strategy to prioritize oil-focused exploration opportunities with strong potential upside.

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