Welcome to our dedicated page for TRIO PETROLEUM news (Ticker: TPET), a resource for investors and traders seeking the latest updates and insights on TRIO PETROLEUM stock.
Trio Petroleum Corp (NYSE: TPET) provides investors with centralized access to official company announcements and energy sector developments. This resource aggregates press releases, regulatory filings, and operational updates related to TPET's oil and gas exploration activities in California and Utah.
Track verified information about drilling programs, financial results, and strategic initiatives including the South Salinas Project. All content is sourced directly from company disclosures and vetted industry reports, maintained in compliance with financial publishing standards.
Key updates include working interest developments, mineral leasehold acquisitions, and operational milestones managed through subsidiary Trio LLC. Users receive unfiltered access to earnings announcements, technical evaluations of idle well assets, and management commentary.
Bookmark this page for efficient monitoring of TPET's exploration progress across its 9,300-acre portfolio. Combine with SEC filings and market data for comprehensive analysis of the company's energy sector position.
Trio Petroleum Corp (NYSE American: TPET), an oil and gas company, announced the return of co-founder Robin Ross as Chairman of the board on June 17, 2024. Stan Eschner, the current Chairman, will now serve as Vice Chairman, and Frank Ingriselli has resigned from the board. CEO Michael Peterson praised Ross for his extensive experience in finance, banking, and strategic development, which is expected to benefit Trio's efforts to increase production and diversify. Trio operates in Monterey County, CA, with an 85.75% interest in 9,245 acres at the Presidents and Humpback oilfields and a 21.92% interest in 800 acres in the McCool Ranch Field. They also have interests in Uintah County, UT, with a 2.25% interest in 960 acres and options to increase their stake in adjacent areas.
Trio Petroleum Corp (NYSE American: TPET) has successfully drilled its first two exploratory wells, HSO 8-4 and HSO 2-4, in Uintah County, Utah. The HSO 8-4 well found over 100 feet of oil-bearing pay zone in the Rimrock Sandstone while the HSO 2-4 found over 190 feet combined in the Rimrock and Asphalt Ridge Sandstones. Production is expected to commence shortly with downhole heaters being installed. The company projects an estimated 40% oil recovery and EUR of 300,000 barrels per well. Trio plans to drill additional wells and expand its participation in the project, leveraging its data to support economic viability.
Trio Petroleum Corp (NYSE American: TPET) announced regaining compliance with NYSE American listing standards. CEO Michael Peterson highlighted recent operational milestones and positive business activities, emphasizing potential shareholder value unlock.
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