Mergers & Acquisitions ·
Dune Oil Corp. filed its unaudited interim financial statements for the six months ended June 30, 2026, reporting a…
TRLEDTrillion Energy International Inc.
Dune Oil Corp. filed its unaudited interim financial statements for the six months ended June 30, 2026, reporting a net income of $4,950,354 driven by a $7,927,913 gain on debt extinguishment from restructuring convertible debentures and the sale of its Turkish subsidiary, PPE Turkey. The company sold PPE Turkey on April 7, 2026, divesting interests in the SASB natural gas project and Cendere oil field while retaining a 7% gross overriding royalty. Concurrently, Dune Oil pivoted to an earn-in agreement for a 29% working interest in the M47 Oil Block in Turkey, requiring $15 million in funding commitments over two years. The company raised $1,158,583 through private placements and consolidated its shares on a five-to-one basis in April 2026 before changing its name from Trillion Energy International Inc. to Dune Oil Corp. in August 2026. This Canadian-based oil and gas exploration and production company operates primarily in Turkey.