Trio Petroleum Corp.
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ROIC.AI
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- Trio Petroleum Corp. is an oil and gas exploration, development, and production company with operations primarily in California, Saskatchewan, Alberta, and Utah. The company’s main assets include the South Salinas Project in Monterey County, California, where it holds an 85.775% working interest and operates multiple wells within a 9,300-acre mineral leasehold; the Asphalt Ridge Project in Uintah County, Utah, focused on heavy oil and tar sands development; the McCool Ranch Oilfield in California, where it has recently restarted production; and oil and gas properties acquired in the Lloydminster heavy oil region of Saskatchewan and in Alberta, Canada. Trio's portfolio consists of producing wells and projects with significant reserves potential, including an option to acquire approximately 2,000 acres in the P.R. Spring area of Utah with estimated billions of barrels of oil in place. The company’s products and services encompass crude oil production from conventional and heavy oil reservoirs, with a focus on maximizing production from reactivated wells and newly drilled exploratory wells in its various operational areas. Trio Petroleum also emphasizes low operational costs and aims to scale drilling completions efficiently, targeting over 50,000 barrels per day potential production at the P.R. Spring project. The company operates as a licensed operator in California, managing projects for itself and affiliates, and holds rights to operate and develop heavy oil and natural gas assets in Canada. Recent major changes include the strategic acquisition of cash flow-positive oil and gas assets from Novacor Exploration Ltd. in the Lloydminster heavy oil region of Saskatchewan and a new entry into Alberta's oil patch following regulatory approval to acquire and hold energy licenses, significantly expanding its Canadian footprint. Trio extends its option period to acquire additional working interests in the Asphalt Ridge Project. The company announces ongoing drilling and production activities with first oil production confirmed at Asphalt Ridge wells and plans to add up to 20 new wells at McCool Ranch. Trio has also strengthened its board with key appointments and completed a reverse stock split to enhance market presence. Founded in 2010 and headquartered in Bakersfield, California, Trio Petroleum targets mid-size production and development opportunities in North America, focusing on projects with immediate cash flow and long-term growth potential in heavy oil basins and conventional reservoirs. Its operations cater to energy markets in the western United States and Canadian provinces, seeking to leverage its technical expertise and strategic acquisitions to grow shareholder value through disciplined expansion and efficient asset management.
Trio Petroleum Corp Issues Broker-Dealer Action Notice Ahead of May 21, 2026 Annual Meeting
TRIO PETROLEUM CORP ANNOUNCES STRATEGIC EXPANSION INITIATIVE FOLLOWING SUCCESSFUL CAPITAL RAISE AND ENCOURAGES STOCKHOLDER SUPPORT AT MAY 21ST ANNUAL MEETING
Trio Petroleum (TPET) Stock Falls Over 21% After Hours: What's Driving The Move?
Why Trio Petroleum (TPET) Stock Is Surging Today
Trio Petroleum (TPET), Battalion Oil (BATL) Jump After Hours As Middle East Disruption Rattles Global Energy Markets
Trio Petroleum (NYSEAMERICAN:TPET) Trading Up 74.1% – Time to Buy?
Trio Petroleum's Cooling Off After Hours After 169% Rally — What Made TPET Shoot Up?
Trio Petroleum (TPET) Rockets As Iran Conflict Tightens Global Oil Supplies
Trio Petroleum Corp. (NYSE American: TPET) Announces Strategic Acquisition of Cash-Flow-Positive Production in Saskatchewan and Highlights Multilateral Opportunities in the North Half of Section 3-48-24W3
Trio Petroleum (NYSEAMERICAN:TPET) Stock Price Down 3.4% – Here’s Why
Trio approved by Alberta Energy Regulator to acquire and hold energy licences.
Trio Provides Operational Update
Trio to suspend operations at McCool Ranch
Trio completes acquisition of cash flow positive oil and gas assets in prolific heavy oil region of Saskatchewan Canada
Trio completes acquisition of cash flow positive oil and gas assets in prolific heavy oil region of Saskatchewan Canada
Trio enters into Letter of Intent to acquire 2000 acres in P.R. Spring Utah, one of largest tar-sand deposits in North America outside of Canada.
Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to April 10, 2025 and non-binding Letter of Intent to acquire Novacor oil and gas assets extended to March 15, 2025.
Company retires remaining Outstanding Convertible Investments
Trio Provides Operational Update on McCool Ranch
Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to February 10, 2025