Oil Exploration Blocks, S.E. Türkiye

Oil Exploration Blocks, S.E. Türkiye

Cudi-Gabar Oil Petroleum Province, Türkiye

Cudi-Gabar Oil Petroleum Province, Türkiye

Topographic map contours showing elevation changes in grayscale gradient.

Five years ago, this part of Türkiye produced almost no oil. Today, fields directly adjacent to the M47 Block are producing over 81,000 boe/d from discoveries that didnt exist a decade ago. Trillion Energy has signed an agreement to earn a 29% working interest in the block, committing US$15 million across two work program tranches covering seismic acquisition and drilling. The block lies 12 km from the Sehit Aybuke Yalcin field, a 1 billion barrel OOIP discovery now producing 80,000 boe/d, surrounded by multiple new TPAO discoveries across the Cudi-Gabar province.

The oil blocks are surrounded by >10 major oil discoveries, half of which are recent.

Five years ago, this part of Türkiye produced almost no oil. Today, fields directly adjacent to the M47 Block are producing over 81,000 boe/d from discoveries that didnt exist a decade ago. Trillion Energy has signed an agreement to earn a 29% working interest in the block, committing US$15 million across two work program tranches covering seismic acquisition and drilling. The block lies 12 km from the Sehit Aybuke Yalcin field, a 1 billion barrel OOIP discovery now producing 80,000 boe/d, surrounded by multiple new TPAO discoveries across the Cudi-Gabar province.

The oil blocks are surrounded by >10 major oil discoveries, half of which are recent.

0MMbbl

Recent Oil Discovery

0MMbbl

Recent Oil Discovery

US$0M

Risked NPV10

US$0M

Risked NPV10

0%

Working Interest

0%

Working Interest

Oil Field Exploration Map

Oil Field Exploration Map

M47C3 CA4 Block drilling license area with 27.6 MMBBL light oil discovery near Mig Oil Field.
M47C3 CA4 Block drilling license area with 27.6 MMBBL light oil discovery near Mig Oil Field.

The definitions used are those contained in The Canadian Oil and Gas Evaluation Handbook maintained by the Society of Petroleum Evaluation Engineers (Calgary Chapter) ("COGEH") and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities

The definitions used are those contained in The Canadian Oil and Gas Evaluation Handbook maintained by the Society of Petroleum Evaluation Engineers (Calgary Chapter) ("COGEH") and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities

Topographic map contours showing elevation changes in grayscale gradient.

Five years ago, this part of Türkiye produced almost no oil. Today, fields directly adjacent to the M47 Block are producing over 81,000 boe/d from discoveries that didnt exist a decade ago. Trillion Energy has signed an agreement to earn a 29% working interest in the block, committing US$15 million across two work program tranches covering seismic acquisition and drilling. The block lies 12 km from the Sehit Aybuke Yalcin field, a 1 billion barrel OOIP discovery now producing 80,000 boe/d, surrounded by multiple new TPAO discoveries across the Cudi-Gabar province.

The oil blocks are surrounded by >10 major oil discoveries, half of which are recent.

0MMbbl

Recent Oil Discovery

US$0M

Risked NPV10

0%

Working Interest

Oil Field Exploration Map

M47C3 CA4 Block drilling license area with 27.6 MMBBL light oil discovery near Mig Oil Field.

The definitions used are those contained in The Canadian Oil and Gas Evaluation Handbook maintained by the Society of Petroleum Evaluation Engineers (Calgary Chapter) ("COGEH") and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities

One discovery. Three more targets on trend.

One discovery. Three more targets on trend.

On the same south-dipping carbonate fairway, Bulmuslar, Şehit Aybüke Yalçın, Esma Çevik and Agaçyurdu collectively flow 35,000+ boed for TPAO. Trillion’s M47 discovery sits on this trend — three more leads follow.

01 · Proven Anchor

Discovery · Centinkaya

Confirmed light oil · independently evaluated

The proven anchor of the play. The C-1/C-2 light-oil discovery on the M47 structure carries an independent Chapman 2C evaluation — the leads to the south step out from this confirmed oil column.

NPV-10 · net

US$733M

2C resource · net

2C resource · net

27.6 MMbbl
27.6 MMbbl

Chance of development

81%

Oil quality

32.4° API light

Net pay

38 m

Gross interval

76 m

Water saturation

~8% (best zone)

02 · South Leads

South Lead 1 · Findik

Drill-ready

Drill-ready structure on the M47 south-dipping carbonate fairway, alongside the discovery. Company estimate from 2024 gravity and 2D seismic; independent resource evaluation pending.

Low

8

MMbbl OOIP

Mid

30

MMbbl OOIP

High

55

MMbbl OOIP

Target depth

1,800 – 2,500 m

Formations

Mardin / Sayındere / Garzan

Well cost · gross

~US$3.2 M

Trillion 29% net

~US$930 K

South Lead 2 · resource pending seismic

A gravity anomaly on the M47 southern boundary. 2026 2D seismic will size the closure and move this into the drilling queue alongside Findik.

03 · Mid Leads

Mid Lead 1 · Agaçyurdu Trend

The largest lead on the block

On-trend with Bulmuslar, Esma Çevik and Agaçyurdu · 90,000+ boed producing.

Low

13

MMbbl OOIP

Mid

48

MMbbl OOIP

High

96

MMbbl OOIP

Formations

Mardin / Sayındere / Garzan

Reservoir

Multi-zone carbonate

Target depth

1,800 – 2,500 m

Adjacent lead

Mid Lead 2 · seismic pending

Mid Lead 2 · Agaçyurdu Trend

Company estimate from 2024 gravity and 2D seismic. No independent resource evaluation assigned.

1. UKOG Why SE Turkey & Basur-Resan Presentation, 2021 - https://www.ukogplc.com/ul/UKOG_Turkey_Slides%20_FINAL_190121.pdf

1. UKOG Why SE Turkey & Basur-Resan Presentation, 2021 - https://www.ukogplc.com/ul/UKOG_Turkey_Slides%20_FINAL_190121.pdf

2. https://www.tpao.gov.tr/file/2212/en-sehit-esma-cevik-bilgi-notu-114363997195a6d60.pdf and https://www.tpao.gov.tr/file/2305/kamuoyu-duyurusu-eng-13416452d270cb2e3.pdf

2. https://www.tpao.gov.tr/file/2212/en-sehit-esma-cevik-bilgi-notu-114363997195a6d60.pdf and https://www.tpao.gov.tr/file/2305/kamuoyu-duyurusu-eng-13416452d270cb2e3.pdf

3. Upper cretaceous carbonate reservoirs of the Raman Field, Southeast Turkey". Carbonates and Evaporites

3. Upper cretaceous carbonate reservoirs of the Raman Field, Southeast Turkey". Carbonates and Evaporites

4. Bati Raman Field Immiscible CO2 Application: Status Quo and Future Plans. Secaeddin Sahin, Ulker Kalfa, and Demet Celebioglu, TPAO. https://www.offshore-technology.com/marketdata/oil-gas-field-profile-bati-raman-heavy-oil-field-turkey/

4. Bati Raman Field Immiscible CO2 Application: Status Quo and Future Plans. Secaeddin Sahin, Ulker Kalfa, and Demet Celebioglu, TPAO. https://www.offshore-technology.com/marketdata/oil-gas-field-profile-bati-raman-heavy-oil-field-turkey/

5. https://www.reuters.com/article/turkey-energy-oil-idAFL1N3710DC

5. https://www.reuters.com/article/turkey-energy-oil-idAFL1N3710DC

Recoverable and OOIP Volumes By Field Map

Recoverable and OOIP Volumes By Field Map
Trillion's oil exploration blocks map showing fields, discoveries, and reserves across Iraq, Syria, and Turkey.
Trillion's oil exploration blocks map showing fields, discoveries, and reserves across Iraq, Syria, and Turkey.
Abstract topographic map with contour lines representing elevation or terrain variations.

7 Well Work Program

SEISMIC ACQUISITION

Phase 1

  • Earn-in Phase (2026)

  • 2D seismic data acquisition across the M47 Block

  • Part of Tranche 1: US$9.5 million

  • Trillion funds 80% of seismic costs

  • Earn-in Phase (2026)

  • 2D seismic data acquisition across the M47 Block

  • Part of Tranche 1: US$9.5 million

  • Trillion funds 80% of seismic costs

EXPLORATION DRILLING

Phase 2

  • Earn-in Phase (2026-2027)

  • Two exploration wells to be drilled

  • Trillion funds 80% of drilling costs

  • Tranche 1 (2026): US$9.5 million

  • Earn-in Phase (2026-2027)

  • Two exploration wells to be drilled

  • Trillion funds 80% of drilling costs

  • Tranche 1 (2026): US$9.5 million

PROPORTIONAL DEVELOPMENT
PROPORTIONAL DEVELOPMENT

Phase 3

  • Post Earn-in

  • All parties bear costs proportional to working interest

  • Trillion: 29% of ongoing program costs

  • Total shared work program: US$35 million ($18 million already invested)

  • Exploration term extends to December 16, 2028

  • Post Earn-in

  • All parties bear costs proportional to working interest

  • Trillion: 29% of ongoing program costs

  • Total shared work program: US$35 million ($18 million already invested)

  • Exploration term extends to December 16, 2028

Abstract topographic map with contour lines representing elevation or terrain variations.

7 Well Work Program

SEISMIC ACQUISITION

Phase 1

  • Earn-in Phase (2026)

  • 2D seismic data acquisition across the M47 Block

  • Part of Tranche 1: US$9.5 million

  • Trillion funds 80% of seismic costs

EXPLORATION DRILLING

Phase 2

  • Earn-in Phase (2026-2027)

  • Two exploration wells to be drilled

  • Trillion funds 80% of drilling costs

  • Tranche 1 (2026): US$9.5 million

PROPORTIONAL DEVELOPMENT

Phase 3

  • Post Earn-in

  • All parties bear costs proportional to working interest

  • Trillion: 29% of ongoing program costs

  • Total shared work program: US$35 million ($18 million already invested)

  • Exploration term extends to December 16, 2028

Crude Oil Price (Brent, Europe - USD$)

Crude Oil Price (Brent, Europe - USD$)

Oil Exploration & Development in SE Türkiye

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@2026 Trillion Energy International Inc.