Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) earlier this week announced the completion of technical field scouting work on its M47 exploration licence in Türkiye, advancing preparations for future seismic acquisition and potential oil field development.
Speaking with Proactive, President Scott Lower said the field programme represented an important step in determining the optimal placement of seismic survey lines, which will ultimately guide future drilling locations across the licence.
Lower said the company envisaged substantial long-term development across the block, noting that the objective was to position the project for significant drilling activity over the coming years. He explained that careful seismic planning was essential because drilling represented the largest capital investment in the project and accurate well placement could materially improve the probability of targeting productive reservoirs.
He said the geological complexity of the region, which includes anticlines, folds and thrust structures, made high-quality seismic interpretation particularly important. The latest field work builds upon historical gravity surveys and three earlier seismic programmes while refining areas where previous interpretations remained uncertain.
Lower highlighted the northern portion of the licence as the company's immediate area of interest, stating that it already contains a proven oil discovery. He said 27 million barrels of recoverable oil have been discovered net to Trillion Energy and noted that development planning for the area contemplates more than 50 wells over the next one to two years.
According to Lower, this northern development area is expected to provide the company's initial production as development progresses. Following completion of the geological model, Trillion Energy intends to identify drilling locations designed to maximise reservoir potential.
He added that the planned wells are expected to produce between 500 and 1,000 barrels of oil per day, providing the foundation for future operating cash flow once development commences.
Looking ahead, Lower said the next catalysts for investors include completion of geological modelling, selection of final drilling locations, advancement of the seismic programme and progression toward field development. He also identified first sustainable production as a key milestone as the company works to convert its discovered resource into commercial output.