Dune Oil Corp has agreed to settle a $3.68 million loan with TR1 Master Fund, expecting a net gain of $2.98 million. The settlement is planned by the end of November 2026, with all claims against TR1 to be resolved. Additionally, Dune advanced $200,000 to start seismic work on the M47 oil block in southeastern Türkiye, aiming to clarify subsurface structures and plan drilling for 2027. The seismic program is budgeted at $600,000 net to Dune, with a total $4.1 million advance planned for post-seismic work in 2027. Dune also increased its private placement to raise up to C$4 million to support these activities.
Dune Oil's recent loan settlement and seismic work advance provide context for energy sector activity. For readers following the energy sector, here is Pluang's market snapshot as of Oct 15, 2026 19:11 WIB: Among 79 priced US energy stocks, 39 rose and 33 fell. Uranium Energy Corp (UEC) traded at USD 7.51 with a 1-day change of -2.47% and a near-even Pluang order split of 49% Sell / 51% Buy, while Cameco (CCJ) was priced at USD 79.56, down 2.34%, and Enphase Energy Inc (ENPH) stood at USD 28.69, down 2.25% with a stronger buy interest of 68%. Typical hold times ranged from 11 to 72 days, showing varied investor engagement.
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