Dune Oil Advances M47 Seismic Program in Türkiye

Dune Oil advanced USD 200,000 to launch its 2026 seismic program at the M47 Block in southeastern Türkiye. The seismic budget is USD 600,000 net to Dune; results will guide drilling locations for the 2027 work program. A further USD 4.1 million is due November 15, 2026; subsequent farm-in payments are deferred until November 15, 2027. The private placement increased to CAD 4 million at CAD 0.15 per unit, with full closing expected by October 20, 2026. A loan settlement would retire USD 3.68 million in debt, generating a USD 2.98 million gain upon payment expected by November 30, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dune Oil Corp. published the original content used to generate this news brief via (Ref. ID: 202610150850NEWSFILECNPR____20261015_319171_1) on October 15, 2026, and is solely responsible for the information contained therein. (C)