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Trillion Energy confirms light-oil discovery in Türkiye's booming billion-barrel oil trend.

Market News
08 Jun 2026
Proactive Investors
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Bullish
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Trillion Energy International has confirmed a light-oil discovery in southeastern Türkiye, near Iraq and Syria, in a region that has rapidly grown to produce 81,000 barrels per day. The company holds a 29% interest in the M47 block, located on a proven geological trend with significant oil potential. Their Çetinkaya-1 well discovered premium-grade light oil, with an independent evaluation estimating 27.6 million barrels net to Trillion, and a total resource potential of 51.6 million barrels across three prospects. Trillion plans further drilling and seismic work in 2026, aiming to develop the field amid high local oil prices and supply disruptions through the Strait of Hormuz, which could boost demand for pipeline-accessible oil. The company's valuation is currently low compared to peers, pending successful drilling and financing.

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