Trillion Energy finds 27M barrels of oil in Turkey, plans drilling and production soon

Trillion Energy International Inc. revealed an independent evaluation estimating 27 million barrels of oil on its exploration block in southeast Turkey, near Iraq and Syria. The company, shifting focus from natural gas to oil, has identified 23 million recoverable barrels after royalties from the first of three leads, with two more yet to be drilled. To fund further exploration, including a two-well drilling program and seismic work, Trillion Energy has launched a private placement that has been well received. The company aims to start drilling and potentially move to production within a year, benefiting from local infrastructure and favorable geopolitical conditions that could support higher regional oil prices.