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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InTrillion Energy International Inc. has reported a significant light oil discovery at its C-1 (Çetinkaya) asset located in southeast Türkiye. The company confirmed the presence of high-quality 32 API light oil, marking a major milestone for its regional exploration strategy. The discovery was encountered across 38 metres of net pay within the Beloka and Mardin carbonate formations. President Scott Lower highlighted that the well results validate the high hydrocarbon potential of the company's license areas. This discovery is expected to bolster Trillion Energy's footprint in the Turkish energy sector as it moves toward further appraisal. Market analysts view this as a bullish fundamental driver for the company's valuation across its global listings.