Trillion Energy president discusses Turkey oil exploration plans - ICYMI

Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) earlier this week discussed the results of a caller autarkic assets valuation and outlined its plans to beforehand lipid exploration activities successful southeast Turkey, according to comments from President Scott Lower successful an interrogation with Proactive.

Lower said the company, which has shifted its absorption from earthy state to oil, has identified important imaginable connected its exploration artifact adjacent the borders of Iraq and Syria.

He noted that 2 wells drilled past twelvemonth led to a discovery, which was subsequently assessed by an autarkic 3rd party.

The valuation estimated that the archetypal of 3 identified leads contains 27 cardinal barrels of lipid nett to the company, with astir 23 cardinal barrels considered recoverable aft royalties.

Lower described the effect arsenic a beardown commencement to the company’s exploration programme and suggested it could person meaningful implications for aboriginal improvement and shareholder value.

He added that the find aligns with adjacent producing fields, supporting assurance successful the geological exemplary and broader prospectivity of the block. The remaining 2 leads person yet to beryllium drilled, providing further upside potential.

To advancement the project, Trillion Energy International Inc has launched a backstage placement to money its stock of planned exploration activities.

Lower explained that the institution has commitments for a two-well drilling programme arsenic good arsenic seismic work, and said the financing has been good received by the market.

Looking ahead, Lower indicated that the institution aims to statesman drilling and perchance determination toward accumulation wrong the adjacent year.

He emphasized that infrastructure advantages, including pipeline entree and proximity to section markets, presumption the institution favourably compared to producers reliant connected planetary shipping routes.

Lower besides pointed to broader geopolitical developments affecting lipid markets, including disruptions successful the Strait of Hormuz, which helium suggested could make longer-term proviso constraints.

He noted that specified conditions whitethorn enactment higher determination lipid prices, benefiting producers with accessible infrastructure.