Recent Updates — TRLED

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.

Trillion Energy International Inc. announced a name change to Dune Oil Corp., effective August 4, 2026, reflecting a strategic pivot to oil development and exploration. The company's trading symbol on the Canadian Securities Exchange will change to "DUNE." Concurrently, the company closed another tranche of its non-brokered private placement, issuing 1,030,000 units at $0.15 per unit for gross proceeds of CAD$154,500 and settling CAD$168,085.35 in outstanding debt with arm's length parties by issuing 1,120,569 units. Each unit consists of one common share and one-half of a warrant exercisable at CAD$0.25 per share for one year. Proceeds will fund work program obligations on the M47 Concession in Türkiye, audit, corporate purposes, and working capital. The company operates as an oil exploration company focused on Turkey.