Trio Petroleum Corp. reports developments as an oil and gas exploration and development company with assets and operating activity in California, Utah and Western Canada. Company updates focus on field operations, license approvals, well workovers, producing assets held through Trio Petroleum Canada, and U.S. projects including South Salinas, McCool Ranch and Utah oil prospects.
News also covers capital-structure actions such as at-the-market equity sales, convertible debt conversions, acquisition initiatives for oil and gas properties, and stockholder-meeting matters. Governance changes and operational updates are typically framed around production plans, balance-sheet capacity and development activity across the company’s oil and gas portfolio.
Trio Petroleum (TPET) announced its Canadian subsidiary’s acquisition of 24 oil wells from Marlin Resources in Saskatchewan’s Lloydminster region. The assets include 4 producing wells and 20 shut-in wells, with approximately 37 barrels of oil per day of current production. Consideration comprises CDN$800,000 in cash and an underutilized water disposal asset transferred to Marlin.
Trio proposes a Cummings multilateral well, using multiple horizontal branches from one surface location, with an estimated CDN$1.2 million drilling, completion and equipping budget. It has also budgeted CDN$425,000 for existing-well workovers, reactivation and recompletion targeting additional production. The acquisition includes a water disposal facility that Trio expects to reduce hauling distances and disposal costs, while creating opportunities for third-party disposal and associated skim-oil revenue.
Trio Petroleum (TPET) signed a farm-in and development agreement with Calgary-based Croverro Energy for a Lloydminster heavy-oil program in Alberta and Saskatchewan.
The deal gives Trio a relatively low-cost option to participate in a multi-year program of up to 14 new multilateral wells (five in Alberta, nine in Saskatchewan), plus a Rivercourse re-entry and a producing-property acquisition. Upon electing into the initial 2-well earning program, Trio will pay a CAD $450,000 prospect fee and fund about CAD $1.8 million of development capital for a structure that grants an 80% revenue interest until payout, then 60% thereafter, subject to project-specific terms. Croverro remains operator, applying its multilateral horizontal drilling expertise, and the staged program is designed to recycle cash flow from early production into subsequent drilling over roughly eighteen months.
Trio Petroleum Corp (NYSE American: TPET) announced a proactive 1-for-9 reverse stock split of its common stock to support protection of its NYSE American listing. The split becomes effective at 4:30 p.m. ET on August 28, 2026, with post-split trading expected to begin on August 31, 2026 under the same ticker and new CUSIP 89669L306. Every nine shares will be combined into one share, with no change to each stockholder’s ownership percentage aside from cash paid in lieu of fractional shares, which will be based on the closing price on the effective date. Related options, warrants, convertible securities and equity plan reserves will be adjusted proportionately.
Trio is continuing to pursue U.S. and Canadian oil and gas acquisitions focused on near-term cash flow, while also building internal and external expertise to identify and develop new drilling opportunities. As of April 30, 2026, Trio held approximately $22 million in cash and subsequently raised about $1.7 million via its at-the-market facility to support this dual growth strategy.
Trio Petroleum (NYSE American: TPET) outlined its acquisition strategy and operational status. The company holds about $22 million in cash, has raised approximately $1.7 million via its ATM since April 30, 2026, and carries no long-term debt, supporting acquisition flexibility.
Trio has submitted around 12 non-binding proposals for Canadian producing assets averaging 550 BOE/d. Current production is about 78.7 BOPD, with identified optimization projects that management believes could lift output to roughly 132.7 BOPD, plus additional potential from a newly commissioned water disposal facility.
Trio Petroleum (NYSE American: TPET) issued an action notice to broker-dealers, banks, custodians and other nominees ahead of its May 21, 2026 Annual Meeting.
The company urges intermediaries and beneficial owners to promptly submit voting instructions and proxies so enough shares are represented to establish a quorum and allow shareholder proposals to be considered.
Trio Petroleum (NYSE:TPET) is urging shareholders to vote ahead of its May 21, 2026 Annual Meeting. The company stresses that broad shareholder participation is required to reach quorum and approve proposals designed to support long-term growth, financial flexibility, and shareholder value.
Shareholders can vote online or by telephone using their control number.
Trio Petroleum (TPET) raised approximately $24 million through its At-The-Market equity program, strengthening its balance sheet and funding a strategic expansion initiative focused on acquisitions.
The company is targeting Canadian oil and gas assets that offer existing infrastructure, near-term production, and development upside, and is urging stockholders to vote FOR all items at the May 21, 2026 annual meeting.
Trio Petroleum (NYSE American: TPET) completed an at-the-market equity raise, generating $19,017,527 in gross proceeds as of March 18, 2026, and $18,446,993 in net cash after commissions.
The Company sold 19,202,455 shares and says the capital will support expansion in Canada and the U.S., targeting 500–1,000 barrels-per-day oil and gas projects and workovers across existing assets.
Trio Petroleum (NYSE American: TPET) announced that on Feb 13, 2026 convertible promissory notes with aggregate principal of $1.2 million were fully converted into common shares and the Notes have been retired.
The Notes were issued in Aug 2025 to three institutional investors; the related resale registration was declared effective on Sept 11, 2025. The company said it is bringing newly acquired Alberta assets online this week and reworking Saskatchewan wells acquired last summer.
Trio Petroleum Corp (NYSE American: TPET) announced that its wholly owned Canadian unit completed all Alberta Energy Regulator approvals and license transfers for a heavy-oil asset at NW 7-50-1W4 as of January 30, 2026. Surface lease agreements for initial producing wells are expected to be executed by week end.
The company plans to place two wells on production within 7 to 10 days, targeting combined initial production of ~30–40 barrels of oil per day, and to target two additional wells on production by March 31, 2026. Management frames the asset as Trio's first producing foothold in Alberta with potential near-term upside through perforation of additional intervals.