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11:39:32 EDT Tue 18 Aug 2026

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Dune Oil Corp.
Symbol	DUNE
Shares Issued	60,947,395
Close 2026-08-17	C$ 0.175
Market Cap	C$ 10,665,794
Recent Sedar+ Documents

Ellis Martin Report: Turkiye's New Oil Frontier: Dune Oil (TRLEF) 27.6M Barrel Opportunity President Scott Lower

2026-08-18 07:28 ET - News Release

Malibu, CA, United States, Aug 18, 2026 - (ABN Newswire) - Could southeastern Turkiye be emerging as one of the world's most interesting new onshore oil regions?

Ellis Martin speaks with Scott Lower, President of Dune Oil Corp. (CNSX:DUNE) (OTCMKTS:TRLEF), for an unusually detailed discussion of the company's M47 oil project in the Cudi-Gabar petroleum province of southeastern Turkiye.

In this interview, Lower takes us inside the geology, economics and strategy behind Dune Oil's opportunity, including the C-1 discovery well and 32.4 Deg API light oil, the North Field's independently evaluated 27.6 million barrels of net 2C contingent resource, and an unrisked NPV10 of approximately US$734 million.

The discussion explores why Turkiye - and why now. The Gabar region has rapidly emerged as an important domestic producing district in a country that remains heavily dependent upon imported energy.

Lower explains the C-1 well, the eight-meter oil-bearing dolomite interval, plans for re-entry and production testing, and what would berequired to potentially move contingent resources toward reserves and commercial production.

We also discuss:

- The emerging Cudi-Gabar oil province
- The M47 North Field and C-1 discovery
- 32.4 Deg API light oil
- 27.6 million barrels net 2C contingent resource
- Approximately US$734 million unrisked NPV10
- Dune's 29% M47 participating-interest earn-in
- New seismic across the Mid and South leads
- Potential additional oil fields and drilling targets
- Turkiye's energy security and dependence on imported crude
- Near-term financing, drilling and production catalysts
- Scott Lower's approach to capital allocation and shareholder returns

Scott provides a particularly comprehensive explanation of the opportunity, so weare presenting this conversation essentially in its entirety.

To view the interview, please visit;
https://www.youtube.com/watch?v=OW0taKz8V8k

About The Ellis Martin Report:

The Ellis Martin Report (TEMR) and Money Talk Radio feature interviews with industry leaders in mining, biotech, energy, and technology. The program is globally syndicated through multiple financial platforms and streaming services.

About Dune Oil Corp.:

Dune Oil Corp. (CNSX:DUNE) (OTCMKTS:) is a Canadian oil exploration company focused on Turkiye. The company has an agreement to earn a 29% participating interest in the M47 oil exploration block, comprising the C3 and C4 licences in the Cudi-Gabar petroleum province of southeastern Turkiye. The company's strategy is focused on advancing exploration and development of M47 in a region that has experienced significant new oil discoveries and increasing domestic production.

Contact:

 
Scott Lower - President
Corporate Office: +1 778-819-1585
Email: info@trillionenergy.com

https://www.DuneOil.ca