Dune Oil (DUNE.CN) Director Jay Park Discusses the M47 Light-Oil Opportunity in Turkiye's Zagros Basin
Malibu, CA, Sep 17, 2026 AEST (ABN Newswire) - In this interview, Ellis Martin speaks with Jay Park, KC, a director of Dune Oil Corp. (
CNSX:DUNE) (DUNXF:OTCMKTS) (Z621:FRA), about the company's M47 oil project in southeastern Turkiye.
Park is a veteran international energy lawyer and adviser whose career has included upstream oil and gas transactions and energy projects in more than 50 countries. He has advised governments, state oil companies, explorers, producers, pipeline companies, financial institutions and international agencies.
The discussion examines why Turkiye's concession-based petroleum regime, growing regional infrastructure and substantial demand for domestically produced energy may create an attractive environment for oil exploration and development.
Dune Oil has an agreement to earn a 29% working interest in the approximately 450-square-kilometre M47 Block in the Cudi-Gabar petroleum province of the Zagros Basin.
An independent NI 51-101 evaluation assigned approximately 27.6 million barrels of net 2C contingent resources to Dune's interest in the North Discovery. Contingent resources are not reserves and do not have demonstrated commerciality.
Park discusses the planned re-entry of the Cetinkaya-1 well, where 38 metres of net oil pay were encountered before drilling was suspended following lost circulation. Approximately 160 metres of potential reservoir section remained untested, according to the company's technical disclosure.
The interview also explores the additional prospects identified across M47, the rapid increase in oil production from neighbouring fields and the technical and operational milestones that could move the project toward development and production.
INTERVIEW TOPICS:
- Why Turkiye's royalty-and-tax petroleum regime attracts international investment
- Turkiye's need for additional domestic oil production
- The growth of the Cudi-Gabar petroleum province
- Dune Oil's agreement to earn a 29% working interest in M47
- The approximately 450-square-kilometre project area
- The North Discovery's independently evaluated 2C contingent resources
- The Cetinkaya-1 light-oil discovery well
- The importance of re-entering and testing the well
- Additional prospects across the M47 Block
- Regional roads, pipelines, refineries and energy infrastructure
- Potential project-development milestones over the next 12 to 18 months
- The risks associated with oil exploration, financing and development
To view the interview, please visit:
https://www.youtube.com/watch?v=fXw7GqHBFyQ
About Dune Oil Corp.
Dune Oil Corp. (CNSX:DUNE) (OTCMKTS:) is an oil exploration and development company focused on the M47 Block in southeastern Turkiye's Cudi-Gabar petroleum province. The project is situated within the Zagros Basin, near an emerging oil-producing region where neighbouring fields have experienced significant production growth.
Dune has an agreement to earn a 29% working interest in M47 through expenditures associated with seismic acquisition, drilling and project development.
About The Ellis Martin Report
The Ellis Martin Report (TEMR) and Money Talk Radio feature interviews with industry leaders in mining, biotech, energy, and technology. The program is globally syndicated through multiple financial platforms and streaming services.
Related Companies
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
