Trillion Energy Corporate Update and AGM
AGM Group HoldingsAGM Group Holdings(US:AGMH) TMX Newsfile·2026-03-31 13:42

Core Viewpoint - Trillion Energy International Inc. is actively engaging in oil and natural gas exploration and production in Türkiye, with significant developments in its projects and strategic initiatives to enhance shareholder value [1][9]. Corporate Governance - The Company is holding its Annual General Meeting of Shareholders (AGM) on March 31, 2026, where shareholders will vote on key matters including the number of directors, election of directors, appointment of auditors, and approval of the Long-Term Equity Incentive Plan [2]. Project Developments - Trillion holds a 49% working interest in the South Akcakoca Sub-Basin (SASB) natural gas project in the Black Sea, operated by the Turkish Petroleum Corporation (TPAO), and is seeking buyers for its interest [3]. - The Company has signed an agreement to earn a 29% working interest in the M47 Block in Southeastern Turkey for a total investment of USD 15 million, contingent upon timely payment for work program costs [4]. - The total work program cost for the M47 Block is approximately USD 35 million, with USD 18 million already expended. Trillion will cover 80% of the costs for the next two wells and certain seismic costs [5][6]. Financial Commitments - The Company is responsible for advancing two funding tranches: USD 9.5 million for the 2026 work program and USD 5.5 million for the 2027 work program, with the 29% earn-in interest contingent on meeting these funding commitments [6]. Strategic Initiatives - Trillion is actively pursuing additional oil and gas opportunities in Türkiye and the broader region, evaluating a pipeline of prospective assets and seeking discussions with potential partners [8].

AGM Group Holdings-Trillion Energy Corporate Update and AGM - Reportify