Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) earlier this week discussed the results of a recent independent resource evaluation and outlined its plans to advance oil exploration activities in southeast Turkey, according to comments from President Scott Lower in an interview with Proactive.
Lower said the company, which has shifted its focus from natural gas to oil, has identified significant potential on its exploration block near the borders of Iraq and Syria.
He noted that two wells drilled last year led to a discovery, which was subsequently assessed by an independent third party.
The evaluation estimated that the first of three identified leads contains 27 million barrels of oil net to the company, with approximately 23 million barrels considered recoverable after royalties.
Lower described the result as a strong start to the company’s exploration program and suggested it could have meaningful implications for future development and shareholder value.
He added that the discovery aligns with nearby producing fields, supporting confidence in the geological model and broader prospectivity of the block. The remaining two leads have yet to be drilled, providing additional upside potential.
To progress the project, Trillion Energy International Inc has launched a private placement to fund its share of planned exploration activities.
Lower explained that the company has commitments for a two-well drilling program as well as seismic work, and said the financing has been well received by the market.
Looking ahead, Lower indicated that the company aims to begin drilling and potentially move toward production within the next year.
He emphasized that infrastructure advantages, including pipeline access and proximity to local markets, position the company favourably compared to producers reliant on global shipping routes.
Lower also pointed to broader geopolitical developments affecting oil markets, including disruptions in the Strait of Hormuz, which he suggested could create longer-term supply constraints.
He noted that such conditions may support higher regional
oil prices, benefiting producers with accessible infrastructure.
