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05:12:17 EDT Thu 17 Sep 2026

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Dune Oil Corp.
Symbol	DUNE
Shares Issued	60,947,395
Close 2026-09-16	C$ 0.15
Market Cap	C$ 9,142,109
Recent Sedar+ Documents

Dune Oil (DUNXF) Director Jay Park Discusses the M47 Light-Oil Opportunity in Turkiye's Zagros Basin

2026-09-17 02:52 ET - News Release

Malibu, CA, United States, Sep 17, 2026 - (ABN Newswire) - In this interview, Ellis Martin speaks with Jay Park, KC, a director of Dune Oil Corp. (CNSX:DUNE) (OTCMKTS:DUNXF) (FRA:Z621), about the company's M47 oil project in southeastern Turkiye.

Park is a veteran international energy lawyer and adviserwhose career has included upstream oil and gas transactions and energy projects in more than 50 countries. He has advised governments, state oil companies, explorers, producers, pipeline companies, financial institutions and international agencies.
The discussion examines why Turkiye's concession-based petroleum regime, growing regional infrastructure and substantial demand for domestically produced energy may create an attractive environment for oil exploration and development.

Dune Oilhas an agreement to earn a 29% working interest in the approximately 450-square-kilometre M47 Block in the Cudi-Gabar petroleum province of the Zagros Basin.

An independent NI 51-101 evaluation assigned approximately 27.6 million barrels of net2C contingent resources to Dune's interest in the North Discovery. Contingent resources are not reserves and do not have demonstrated commerciality.

Park discusses the planned re-entry of the Cetinkaya-1 well, where 38 metres of net oil pay wereencountered before drilling was suspended following lost circulation. Approximately 160 metres of potential reservoir section remained untested, according to the company's technical disclosure.

The interview also explores the additional prospectsidentified across M47, the rapid increase in oil production from neighbouring fields and the technical and operational milestones that could move the project toward development and production.

INTERVIEW TOPICS:

- Why Turkiye's royalty-and-tax petroleum regime attracts international investment
- Turkiye's need for additional domestic oil production
- The growth of the Cudi-Gabar petroleum province
- Dune Oil's agreement to earn a 29% working interest in M47
- The approximately 450-square-kilometre project area
- The North Discovery's independently evaluated 2C contingent resources
- The Cetinkaya-1 light-oil discovery well
- The importance of re-entering and testing the well
- Additional prospects across the M47 Block
- Regional roads, pipelines, refineries and energy infrastructure
- Potential project-development milestones over the next 12 to 18 months
- The risks associated with oil exploration, financing and development

To view the interview, please visit:
https://www.youtube.com/watch?v=fXw7GqHBFyQ

About Dune Oil Corp.:

Dune Oil Corp. (CNSX:DUNE) (OTCMKTS:) is an oil exploration and development company focused on the M47 Block in southeastern Turkiye's Cudi-Gabar petroleum province. The project is situated within the Zagros Basin, near an emerging oil-producing region where neighbouring fields have experienced significant production growth.

Dune has an agreement to earn a 29% working interest in M47 through expenditures associated with seismic acquisition, drilling and project development.

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.

Contact:

 
Dune Oil Corp.
Website: https://duneoil.ca
Email: info@duneoil.ca
Telephone: +1 778-819-1585