# Trillion Energy Announces Independent Resource Evaluation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/trillion-energy-announces-independent-resource-evaluation--4f47e3b0-5ee3-465d-be20-f00c757cec6c Original source: https://orestocks.com/company/TCF.CN/press-releases/4656206640791430 Publisher: orestocks Original announcement: 2026-04-16T15:25:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:23:01.895Z Atlas analysis updated: 2026-10-01T04:23:01.895Z - Company: Trillion Energy International Inc. - Ticker: TCF.CN - Exchange: Unavailable - Region: Southeast Türkiye - Primary commodity: Oil - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-10-01 04:23:02 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Trillion Energy has announced an independent resource evaluation for its M47 block in Southeast Türkiye, headlined by a 27.6 MMbbl 2C Contingent Oil Resource at the North Prospect. The evaluation, prepared by Chapman, shows a high unrisked NPV-10 of US$733.5 million and identifies significant prospective potential across the Central and Findık prospects. Reasoning: The announcement of a substantial 2C contingent oil resource with high NPV and proximity to major fields is a major de-risking and value-creation event for the company. - Positive factor: Significant 2C Contingent Resource of 27.6 MMbbl - Positive factor: High chance of development \(81%\) - Positive factor: Strong NPV-10 of US$733.5 million - Positive factor: Proximity to major analogue producing fields - Negative factor: Development unclarified \(no formal plan approved\) - Negative factor: Subject to earn-in obligations and financing - Negative factor: Prospective resources carry high discovery/commerciality risk Facts used in scoring: 4 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: First formal independent resource evaluation for the North Prospect discovery. Evidence · text > announces the results of an independent evaluation of contingent and prospective oil resources **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The evaluation was prepared in accordance with NI 51-101 \(the oil and gas equivalent of NI 43-101\). Evidence · text > in accordance with National Instrument 51-101 \("NI 51-101"\) ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/trillion-energy-announces-independent-resource-evaluation--4f47e3b0-5ee3-465d-be20-f00c757cec6c#fact-resource-facts-0) M47 · oil #### Identity - Project: M47 - Commodity: oil - Region: southeast türkiye - Reported Region: Southeast Türkiye - Ticker: TCF.CN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: No - Qualified person names: Chapman Hydrogen and Petroleum Engineering Ltd. - Resource group id: resource:902ad966dedf8513939a - Deposit or zone: North Prospect - Ownership percent: 29 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 27641000000 #### Prior Estimate - Resource Date: 2026-03-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: Primary 2C contingent resource estimate. - Positive factor: Large 2C volume - Positive factor: High NPV - Negative factor: Development unclarified Evidence · table > 27,641 Context: 27,641 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/trillion-energy-announces-independent-resource-evaluation--4f47e3b0-5ee3-465d-be20-f00c757cec6c#fact-resource-facts-1) M47 · oil #### Identity - Project: M47 - Commodity: oil - Region: southeast türkiye - Reported Region: Southeast Türkiye - Ticker: TCF.CN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: No - Qualified person names: Chapman Hydrogen and Petroleum Engineering Ltd. - Resource group id: resource:043e0f68395f3048de04 - Deposit or zone: North Prospect - Ownership percent: 29 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 22305000000 #### Prior Estimate - Resource Date: 2026-03-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: Expected value \(2C\) resource estimate. - Positive factor: Significant expected value Evidence · table > 22,305 Context: 22,305 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/trillion-energy-announces-independent-resource-evaluation--4f47e3b0-5ee3-465d-be20-f00c757cec6c#fact-resource-facts-2) M47 · oil #### Identity - Project: M47 - Commodity: oil - Region: southeast türkiye - Reported Region: Southeast Türkiye - Ticker: TCF.CN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: No - Qualified person names: Chapman Hydrogen and Petroleum Engineering Ltd. - Resource group id: resource:e1d338027197f5c9b22a - Deposit or zone: North Prospect - Ownership percent: 29 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 8148000000 #### Prior Estimate - Resource Date: 2026-03-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: 1C Low Estimate resource. Evidence · table > 8,148 Context: 8,148 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/trillion-energy-announces-independent-resource-evaluation--4f47e3b0-5ee3-465d-be20-f00c757cec6c#fact-resource-facts-3) M47 · oil #### Identity - Project: M47 - Commodity: oil - Region: southeast türkiye - Reported Region: Southeast Türkiye - Ticker: TCF.CN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: No - Qualified person names: Chapman Hydrogen and Petroleum Engineering Ltd. - Resource group id: resource:2113f5d953f57bcfc982 - Deposit or zone: North Prospect - Ownership percent: 29 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 44930000000 #### Prior Estimate - Resource Date: 2026-03-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: 3C High Estimate resource. - Positive factor: High estimate volume Evidence · table > 44,930 Context: 44,930 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.