Trillion Energy Launches Tender for 40-Kilometre Seismic Survey on M47 Block with Acquisition Set for Summer 2026

Field Scouting Confirms Structural Prospects on M47 Block

Trillion Energy’s seismic program is based on insights from its recently completed field scouting and high-resolution gravity study published on June 30, 2026. These activities identified significant fault-related structures and priority leads across the M47 licence, informing the strategic placement of seismic lines to ensure critical exploration targets are effectively imaged ahead of drilling.

The seismic lines are designed to integrate with recent discoveries on adjacent blocks, a technical strategy aimed at correlating regional geology and reducing drilling risk. This approach aligns with industry best practices in frontier exploration and helps establish a comprehensive geological framework for the Cudi-Gabar petroleum province.

Seismic Program Targets Three Key Exploration Zones

The 40-kilometre 2D seismic survey will concentrate on three distinct areas within the M47 Block. The South Lead, along the concession’s southeastern boundary, is an untested structural feature requiring seismic validation. The North field discovery zone includes the Çetinkaya-1 and Çetinkaya-2 wells drilled in 2025, confirming a light oil discovery with 32.4° API gravity and 38 metres of net oil pay at the C-1 well.

The third area covers regions highlighted by the recent gravity survey as having significant unexplored potential. The announcement emphasizes that some of the block’s most prospective zones remain insufficiently imaged, making this seismic acquisition vital for identifying drilling targets and advancing the block toward commercialization.

North Discovery Resource Estimate Underpins Development Plans

The North Discovery on M47 holds a 2C contingent resource estimate of 27.6 million barrels of oil (net to Trillion’s working interest), with an unrisked NPV-10 of US$733.5 million. This 2C category, representing the best-estimate contingent resource, is based on 82 gross drilling locations identified by independent evaluator Chapman Petroleum Engineering Ltd. as of December 31, 2025. Chapman assigned an 81% development probability, considering economic viability, market access, infrastructure, regulatory approval, and other factors.

These estimates derive from the 2025 Çetinkaya well discoveries, featuring 32.4° API light oil and 38 metres net pay at the C-1 well. Once seismic data is acquired and interpreted, Trillion Energy plans to refine drilling locations for upcoming programs, potentially progressing from exploration to appraisal and development phases.

Unrisked Resource Potential Totals 51.6 Million Barrels Net

Beyond the North Discovery’s 2C contingent resources, Trillion Energy has identified prospective resources on two additional prospects within the M47 Block. Total unrisked resource potential across the North, Central, and Findik prospects amounts to 51.6 million barrels net to Trillion, based on its 29% working interest. The North Prospect’s 3C (high-estimate) prospective resource carries an unrisked NPV-10 of US$1.18 billion, highlighting substantial upside if exploration succeeds.

These resource estimates depend on successful seismic acquisition, drilling confirmation, and demonstration of commercial viability. The prospective resource figures represent arithmetic-average estimates from independent evaluations and carry typical uncertainties of undrilled prospects.

Seismic Acquisition Timeline and Expected Deliverables

Trillion Energy plans to launch the seismic tender shortly after finalizing technical specifications and tender documents. Advance site preparation—including access roads, equipment staging, and logistics—is expected to reduce acquisition duration and costs. Acquisition is targeted for late summer 2026, with completion anticipated within approximately six weeks.

Following data acquisition, the company will conduct interpretation and analysis. Upon completion, Trillion Energy intends to announce drilling locations based on seismic results, following standard oil exploration practice to prioritize the most prospective undrilled structures.

Regional Geological Context and Analog Field Production

The M47 Block lies within the Cudi-Gabar petroleum province of southeastern Türkiye, about 11 kilometres from the Şehit Aybüke Yalçın oil field—Türkiye’s largest onshore oil discovery. The Gabar region has seen seven new analogue oil fields discovered over the past five years, collectively producing over 80,000 barrels per day. This regional production underscores the commercial potential of the geological trend hosting M47.

Trillion Energy’s references to analogue fields are based on publicly available data from Türkiye Petrolleri Anonim Ortaklığı (TPAO) and pertain to third-party properties in the same geological trend; these figures do not represent resources attributable to Trillion’s M47 concession but provide geological and commercial context.

Working Interest and Commercialization Pathway

Trillion Energy holds an agreement to earn up to a 29% working interest in the M47 oil exploration block, comprising C3 and C4 licences in southeastern Türkiye. The appraised working interest reflected in resource estimates is 29%. The commercialization pathway includes seismic acquisition and interpretation, followed by exploration and appraisal drilling, resource definition, and development planning upon confirmation of commercial quantities.

Trillion Energy, a Canadian oil exploration company registered in British Columbia, focuses on Türkiye operations. The M47 program is its primary active project and a key step toward advancing its exploration portfolio to commercial production.

Seismic Tender Technical Details and Process

Technical specifications for the seismic tender are complete, and tender documents have been prepared for contractors. The company has not disclosed the seismic program’s estimated cost. The tender will be competitive, enabling contractors to bid according to Trillion Energy’s technical and scheduling requirements.

Early site preparation and logistics planning aim to reduce field acquisition time and costs, reflecting industry emphasis on cost efficiency in frontier basin exploration.

Forward-Looking Statements and Risks

The announcement includes forward-looking information about the seismic program’s timing, tender process, result interpretation, drilling plans, and resource estimates. Trillion Energy cautions that these projections involve risks such as exploration and operational uncertainties, potential delays, regulatory and financing risks in Türkiye, and inherent uncertainties in resource estimates.

The company disclaims any obligation to update forward-looking statements except as required by Canadian securities law. Readers should not place undue reliance on these statements. Contingent and prospective resource estimates are not reserves and carry no certainty of commercial production or discovery. The announcement complies with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook.