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Dune Oil Corp.
Symbol DUNE
Shares Issued 166,707,697
Close 2026-11-03 C$ 0.095
Market Cap C$ 15,837,231
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Ellis Martin Report: Dune Oil Corp. (DUNXF) COO Jordan Coleman Discusses Turkiye Oil Development, Well Re-Entries and 2027 Production Objective

2026-11-04 03:57 ET - News Release

Malibu, CA, United States, Nov 4, 2026 - (ABN Newswire) - The Ellis Martin Report and Money Talk Radio feature an exclusive interview with Jordan Coleman, Chief Operating Officer of Dune Oil Corp. (CNSX:DUNE) (OTCMKTS:DUNXF) (FRA:Z621), discussing the company's oil exploration and development activities insoutheastern Turkiye, its planned well re-entry and completion programs, and its strategy for advancing existing discoveries toward potential commercial production.

Coleman brings more than 18 years of international oil and gas experience to DuneOil, including operational and engineering responsibilities across the United States, South America, and Africa. His background includes work with Schlumberger and President Energy, providing experience in drilling, well completions, production engineering, and field operations.

During the interview, Coleman outlines Dune Oil's development strategy for the M47 exploration block in Turkiye's Cudi-Gabar petroleum province, a region attracting considerable attention following significant discoveries and production activity by Turkish Petroleum Corporation (TPAO). The company's exploration acreage is situated near established petroleum operations, providing regional geological information that may help guide future exploration and development.

A central focus of the discussion is Dune's C1 discovery well and the Sindankayit-2 (C2) well. Coleman explains the company's proposed re-entry, recompletion, and testing programs, including the potential application of electric submersiblepumps and additional wellbore evaluation to establish flow characteristics and determine commercial production potential.

The interview also examines the possibility of deepening the C2 well into the Mardin carbonate formation, a geological interval associated with petroleum production elsewhere in the region.

Coleman discusses the technical evaluation required before these operations can proceed, including engineering assessments, equipment selection, contractor availability, and the condition of existing wellbores.

Seismic exploration represents another important component of Dune's strategy. The company is evaluating additional seismic data acquisition to improve subsurface geological interpretation, refine potential drillinglocations, and assess the relationship between existing discoveries and additional exploration targets across the M47 block.

Coleman emphasizes the importance of disciplined field execution and obtaining reliable production data before committing to larger development expenditures. His operational approach involves evaluating existing wells, determining appropriate completion methods, and establishing the technical information necessary to guide subsequent investment decisions.

The discussion also addresses Dune Oil's anticipated development timeline. Management is targeting potential initial production during the first half of 2027, subject to financing, successful well operations, testing results, regulatory and partner approvals, and other operational considerations. Commercial production has not been established, and actual results and timing may differ from current expectations.

Dune Oil's position in southeastern Turkiye places the company within an active petroleumexploration region where established production, nearby discoveries, and ongoing technical evaluation provide context for its development strategy. Nevertheless, nearby production does not establish the presence of commercially recoverable resourceson Dune's own acreage.

For investors following international energy exploration, emerging oil development opportunities, and the operational transition from discovery to potential production, Coleman's interview provides insight into Dune Oil's current priorities and the technical challenges associated with advancing its assets.

The complete interview is available through The Ellis Martin Report and Money Talk Radio.

View the interview:
https://www.youtube.com/watch?v=4brpawFD-cA

About Dune Oil Corp.:

Dune Oil Corp. (CNSX:DUNE) (OTCMKTS:DUNXF) is a Canadian oil exploration and development company focused on advancing petroleum opportunities in Turkiye. The company is earning a 29% working interest in the M47 Block, comprising the C3 and C4 licences in southeastern Turkiye's Cudi-Gabar petroleum province. The project is situated near significant discoveries and producing oil fields operated by Turkish Petroleum (TPAO). Dune Oil is advancing technical evaluation, seismic exploration, and development planning following the discovery of light oil at the Cetinkaya-1 well. The company's strategy is focused on evaluating the commercial potential of its M47 interest and pursuing future petroleum production.


About The Ellis Martin Report:

The Ellis Martin Report is a financial news and interview program featuring conversations with executives, entrepreneurs and industry leaders across the natural resources, technology, healthcare and investment sectors. Hosted by Ellis Martin, the program is distributed through radio, digital media and financial news platforms, including Money Talk Radio.


Contact:
 
Dune Oil Corp.

Scott Lower
President and Chief Executive Officer

Brian Park
Vice President, Finance / Investor Relations

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


Source:
Dune Oil Corp. The Ellis Martin Report

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