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Dune Oil advances seismic survey on Gabar Block in Türkiye ahead of drilling by September 2026

Market News
11 Aug 2026
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Bullish
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Dune Oil Corp is progressing exploration on its Gabar Block in southeastern Türkiye with a tender for a 40-kilometre 2D seismic survey planned before drilling expected by September 2026. The Gabar Block covers 450 square kilometres, where Dune can earn up to a 29% interest through a $15 million work program. An independent evaluation assigned the North Prospect a 2C contingent resource of 27.6 million barrels with an 81% chance of commerciality. The new seismic program aims to improve understanding of fault structures and identify 4-6 new drill targets, following a recent gravity survey and field scouting. Dune plans to re-enter its Çetinkaya-1 well later this year for further testing after encountering light oil in 2025.

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