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Trillion EnergyCSE:TCF

Oil explorer, with a project stated to be in Turkey.

NoneTurkey — as stated on the recordings

explorer oil NoneTurkey
Apr 2026 → Jun 2026Covered
6 of 10Topics on record
2 executivesNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 2 interviews with the company
Stage
Explorer
Primary commodity
Oil
Jurisdiction
Turkey
Deposit
carbonate Cretaceous reservoirs
Latest appearance
15 Jun 2026
On record
2 interviews · 16 statements · 2 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
27M barrels
Management-stated Scott Lower Apr 2026
What happens next
drilled two wells in 2025
Management-stated Tolga Terzi Jun 2026
The main open question
The block lies 57 km from Syria and 90–100 km from Iraq in a high-uncertainty oil and gas region.
Weighed from the statements below, not our opinion of the company.
Our reading

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Trillion Energy's own claims across 2 interviews — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the M47 block in southeastern Turkey sits 10–12 km from producing TPAO fields (4,000–5,000 bopd) in the same prolific light oil carbonate trend, with two 2025 wells confirming matching geology and oil quality.

What it rests on
Evidence: 2 moments from 2 interviews
Read the full case

Management says the M47 block in southeastern Turkey sits 10–12 km from producing TPAO fields (4,000–5,000 bopd) in the same prolific light oil carbonate trend, with two 2025 wells confirming matching geology and oil quality. At $10/bbl production costs and 1–2 month payback after production, the reserve report assigned an 80% commerciality probability to a 27M barrel discovery.

▼ Bear case

The block lies 57 km from Syria and 90–100 km from Iraq in a high-uncertainty oil and gas region.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

The block lies 57 km from Syria and 90–100 km from Iraq in a high-uncertainty oil and gas region. Management acknowledges lost circulation in carbonate reservoirs as a drilling challenge, and wells are modeled with steep 23% annual decline—requiring proof of sustained production life and offtake before the payback math holds. No independent verification of reserve estimates or drilling results on record.

◆ Watch next

Execution of the two 2025 wells to first oil and sustained production rates; timing and terms of offtake agreements; drilling performance in thief zones; proof that wells match the 10-year production life and $10/bbl cost case underlying…

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

Execution of the two 2025 wells to first oil and sustained production rates; timing and terms of offtake agreements; drilling performance in thief zones; proof that wells match the 10-year production life and $10/bbl cost case underlying the 1–2 month payback claim.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 12 statements

The deposit 4

Key takeaway. Management describes the deposit as light oil in onshore conventional carbonate Cretaceous reservoirs.

Read the full summary

The company reports a resource size of 27M barrels and assigns an 80% chance of commerciality to the exploration upside, as of April 2026. (Note: The deposit-type description from April 2026 is more specific than the June 2026 reference to "carbonate Cretaceous reservoirs," though both were provided by the company.)

What was actually said
deposit type
carbonate Cretaceous reservoirs
“we encountered the same quality of oil in the same carbonate Cretaceous reservoirs”
Tolga Terzi· 15 Jun 2026·
deposit type
Light oil onshore conventional carbonate
“you get this this area and it's the same prolific light oil carbonate trend coming up”
Scott Lower· 22 Apr 2026·
exploration upside
80% chance of commerciality
“the reserve report, they gave us uh an 80% chance of commerciality, uh which is a very strong vote”
Scott Lower· 22 Apr 2026·
Show the other 1 statement
resource size
27M barrels
“the discovery that um we made recently. And uh on the oil property in um Look. M47 block in uh Southeast Turkey”
Scott Lower· 22 Apr 2026·

Jurisdiction 4

Key takeaway. Management describes the project as located in southeastern Turkey, about 57 km from the Syrian border and 90 to 100 km from the Iraqi border (June 2026), and separately places it in the M47 block, Zagros Basin, Mardin area of Southeast…

Read the full summary

Turkey (April 2026). The company reports that the jurisdiction is Turkey in both statements.

What was actually said
country
Turkey
“our block M47 is located in southeastern part of Turkey”
Tolga Terzi· 15 Jun 2026·
region
southeastern Turkey, 57km from Syrian border and 90 to 100km from Iraqi border
“our block M47 is located in southeastern part of Turkey. It's like 57km from Syrian border and 90 to 100km from Iraqi border”
Tolga Terzi· 15 Jun 2026·
country
Turkey
“on the oil property in um Look. M47 block in uh Southeast Turkey”
Scott Lower· 22 Apr 2026·
Show the other 1 statement
region
Southeast Turkey, M47 block, Zagros Basin, Mardin area
“on the oil property in um Look. M47 block in uh Southeast Turkey”
Scott Lower· 22 Apr 2026·

Technical risk 4

Key takeaway. Management acknowledges two key technical risks.

Read the full summary

In oil and gas, the company states, "the uncertainty is too important," and it flags the specific hazard of lost circulation in carbonate reservoirs due to thief zones (April 2026). The company's projections rely on the assumption that its geology matches nearby producing fields (June 2026) and on a modelled well decline period of 23% per year with a 10-year production life (April 2026).

What was actually said
key assumption
sharing the same geology as nearby producing fields
“we are sharing the same geology. And we have drilled two wells in 2025 with our partners, and we encountered the same quality of oil”
Tolga Terzi· 15 Jun 2026·
stated risk
the uncertainty is too important in oil and gas business
“the uncertainty is too important in gas business. Right. So we are not”
Tolga Terzi· 15 Jun 2026·
key assumption
Well decline period of 23% per year with 10 year production life
“the decline period on these is 23% say per year and so your well produces for 10 years”
Scott Lower· 22 Apr 2026·
Show the other 1 statement
stated risk
Lost circulation in carbonate reservoirs due to thief zones
“the challenge in drilling carbonates is lost circulation because they have what's called a thief zone”
Scott Lower· 22 Apr 2026·

Economics 1 statement

Economics 1

What was actually said
payback
one to two month payback after production starts
“drill a successful well and you've got um you know one to two month payback after production starts”
Scott Lower· 22 Apr 2026·

Timeline 1 statement

Timeline 1

What was actually said
milestone
drilled two wells in 2025
“We have drilled this. We have two wells in 2025 with our partners, and we encountered the same quality of oil”
Tolga Terzi· 15 Jun 2026·

Corporate 2 statements

Market 2

Key takeaway. Management highlights that the company's project is situated 10 to 12 kilometres from TPAO's Sehit Ayabuke Yalcin and Sehit Esma Cevik fields, which produce 4,000 to 5,000 barrels of oil daily (June 2026), suggesting strategic interest in…

Read the full summary

the area. The company also reports production costs of $10 a barrel (April 2026), placing it relatively low on the cost curve.

What was actually said
strategic interest
10 to 12km away from TPAO's Sehit Ayabuke Yalcin and Sehit Esma Cevik fields producing 4,000-5,000 barrels of oil daily
“The most important producing fields are named Sehit Ayabuke Yalcin and Sehit Esma Cevik. So we're just, you know, 10 to 12km away from there”
Tolga Terzi· 15 Jun 2026·
cost curve position
$10 a barrel production costs
“they've always been able to produce uh $10 a barrel. And so these are you know we're estimating $10 a barrel”
Scott Lower· 22 Apr 2026·

Sources 2 interviews

Every interview 2

DateChannelInterviewStatements
15 Jun 2026 Proactive Investors Trillion Energy highlights strategic location advantage at M47 oil project in Türkiye 7
22 Apr 2026 Crux Investor Trillion Energy (CSE:TCF) - Offshore Exit Unlocks 27M Barrel Turkey Oil Play 9

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

iran 1
iraq 1
m47 block 1
m47 oil project 1
mardin formation 1
north lead 1
sasb field 1
syria 1

Questions people ask

What is Trillion Energy's project and where is it?

Trillion Energy is a explorer oil company, with a project stated to be in Turkey. Everything here is drawn from its executives' own interviews.

Which interviews mention Trillion Energy?

We track 2 interviews mentioning Trillion Energy, across 2 channels (Crux Investor, Proactive Investors).

What are investors saying about Trillion Energy?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Trillion Energy cover?

The most-discussed topics on record are the deposit, jurisdiction, technical risk, market — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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