Trio Petroleum Corp. filings document the regulatory record of a public oil and gas exploration and development company. Recent 8-K reports describe at-the-market common stock sales under a Form S-3 registration statement, prospectus supplement amendments, material agreements tied to oil and gas assets, and other corporate events affecting capital structure and project activity.
The company’s proxy filings cover annual-meeting governance, director elections, shareholder voting matters and proposed amendments to its certificate of incorporation, including reverse stock split authority. These disclosures also provide formal records of common stock terms, board matters, financing mechanics, and public-company reporting obligations for TPET.
Trio Petroleum Corp (TPET) said its wholly owned subsidiary, Trio Petroleum Canada Corp., agreed to acquire Marlin Resources Ltd.’s interests in 24 oil wells: four producing wells and 20 shut-in heavy-oil assets. Consideration includes CAD$800,000 cash, transfer of certain assets and agreement interests to Marlin, and an agreement for Trio Canada to dispose of water produced at certain Marlin-operated sites. The agreement is subject to closing conditions, including delivery of no interest letters and conveyances.
The release says the acquisition would combine approximately 37 barrels of oil per day of current production. Trio proposed a Cummings multilateral well targeting approximately 4,000 meters of reservoir and estimated a CDN$1.2 million drilling and development budget covering drilling, completion and equipping; it also budgeted CDN$425,000 for workovers, reactivation and recompletion. The release describes a water-disposal facility being acquired by Trio and an underutilized disposal asset being transferred to Marlin. Similar Cummings wells operated by Canadian Natural Resources and others were described as producing approximately 375 barrels per day.
Trio Petroleum Corp (TPET), through its wholly owned subsidiary Trio Petroleum Canada, Corp., entered into a Farmout Agreement with Croverro Energy Ltd. giving Trio Canada the right to earn working interests in petroleum and natural gas rights in Alberta and Saskatchewan via up to seven 2-well earning programs on specified Farmout Lands.
For the initial 2-well earning program, Croverro will notify Trio Canada by October 1, 2026; if Trio Canada elects to participate, it will pay a CAD $450,000 prospect fee, and if it declines, the agreement terminates. For each earning program in which Trio Canada participates, it funds 100% of drilling, completion and equipping costs, described in the press release as approximately CAD $1.8 million of development capital per applicable project, in exchange for an 80% interest in Croverro’s pre-earning working interest in the Farmout Lands until payout of its costs, then a 60% interest thereafter, subject to project-specific terms.
The press release describes a contemplated multi-year development inventory of 14 new multilateral wells (five in Alberta and nine in Saskatchewan), plus a Rivercourse re-entry and an oil producing-property acquisition, with Croverro remaining operator and Trio highlighting Croverro’s multilateral heavy-oil expertise in the Lloydminster region. If Trio Canada does not participate in all seven potential earning programs, Croverro will reimburse a pro rata share of the prospect fee for unparticipated programs, and the agreement includes tag-along rights and areas of mutual interest around the Farmout Lands.
Trio Petroleum Corp (TPET) reported continued operating losses but a much stronger balance sheet for the three and nine months ended July 31, 2026. Quarterly revenue rose to $348,581 from $192,395, while the net loss was $1.97 million versus $1.39 million a year earlier. For the nine-month period, revenue increased to $679,031 from $226,485, and the net loss narrowed slightly to $4.25 million from $4.57 million.
Cash and cash equivalents climbed to $24.3 million and working capital to about $23.5 million, largely funded by an at-the-market equity program that raised gross proceeds of $26.99 million from issuing 3,860,043 shares. Management states these raises have alleviated prior substantial doubt about the company’s ability to continue as a going concern.
Total assets increased to $37.9 million, supported by oil and gas property acquisitions in Canada, while accumulated deficit reached $31.6 million. On August 28, 2026, the company effected a one-for-nine reverse stock split, reducing outstanding common shares from 47,915,334 to approximately 5,323,926 to support NYSE American listing compliance.
Trio Petroleum Corp (TPET) is implementing a 1-for-9 reverse stock split of its issued and outstanding common stock pursuant to stockholder authorization and approval by the Board of Directors. A Certificate of Amendment to the Certificate of Incorporation is expected to be filed in Delaware on August 28, 2026, with the split effective at 4:30 p.m. Eastern Time that day and TPET shares trading on a split-adjusted basis on August 31, 2026, under the same symbol with new CUSIP 89669L306.
Every nine shares of common stock will be automatically combined into one share, with no change to par value. Fractional share entitlements will be settled in cash based on the NYSE American closing price on the effective date. Exercise prices and share counts for outstanding options, warrants, other convertible securities, and shares reserved under equity incentive plans will all be adjusted proportionately. Management states this action is intended to proactively help protect the company’s NYSE American listing while it pursues its acquisition and drilling-focused growth strategy.
Trio reports a strong liquidity position, with approximately $22 million in cash as of April 30, 2026, and an additional $1.7 million raised since then through its at-the-market equity facility, supporting its plans to acquire producing oil and gas assets and develop new drilling opportunities in North America.
Trio Petroleum Corp director Randall John W. reported a sale of 15,000 shares of common stock on July 31, 2026, at a weighted-average price of $0.2793 per share. The transaction was executed pursuant to a Rule 10b5-1 trading plan to cover tax obligations from restricted stock issued in 2025, leaving him with 125,500 shares held directly.
Trio Petroleum Corp entered into an amendment to its independent contractor agreement with Chief Financial Officer Greg Overholtzer, effective July 1, 2026. The amendment increases his monthly compensation under the agreement from $15,000 to $17,000 for CFO services.
All other terms of the independent contractor agreement dated January 1, 2026 remain unchanged. The amendment is filed as Exhibit 10.1 and incorporated by reference.
Trio Petroleum Corp director Thomas J. Pernice reported selling 25,000 shares of common stock in an open-market transaction at an average price of $0.3619 per share. According to the filing, the sale’s purpose was to cover taxes on restricted stock issued to him in 2025. Following this sale, he directly holds 100,000 shares.
Trio Petroleum Corp reported Q2 2026 results with revenue of $208,257 and a net loss of $1,367,356, or $0.05 per share. Six-month revenue was $330,450 with a net loss of $2,379,985, reflecting early-stage production in Saskatchewan.
Cash and cash equivalents rose sharply to $22,098,186 from $882,162, driven by $24,207,304 of gross proceeds from selling 28,013,007 shares via an at-the-market equity program. Subsequent ATM sales added $2,557,841 and total ATM capacity increased to $65,000,000.
Oil and gas properties not subject to amortization grew to $13,172,944 as the company expanded Canadian assets through the Capital Land and Novacor acquisitions. Management now concludes prior substantial doubt about going concern has been alleviated, expecting current liquidity to fund operations for at least twelve months.
Trio Petroleum Corp is significantly increasing compensation for its top executives. The Compensation Committee raised Chief Executive Officer Robin Ross’s base salary from $400,000 to $600,000 per year, effective June 1, 2026. His maximum annual discretionary cash bonus was also raised from 100% to 200% of his actual base salary.
Ross received a one-time award of 1,500,000 shares of common stock under the 2022 Equity Incentive Plan, with detailed terms in Amendment No. 2 to his employment agreement. He is also entitled to a separate $300,000 cash bonus, payable on August 1, 2026 or at another time he directs. Chief Financial Officer Gregory Overholtzer was granted a one-time award of 200,000 shares of common stock under the same plan, to be documented in an Award Agreement.
Trio Petroleum Corp Chief Executive Officer Robin A. Ross sold 25,000 shares of common stock in an open-market transaction. According to the disclosure, the sale was made to cover taxes related to restricted stock issued to him in 2025 at an average price of $0.3888 per share. Following this tax-related sale, he continues to hold 625,000 shares of Trio Petroleum common stock directly.