Trio Petroleum Corp

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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Trio Petroleum Corp. engages in the exploration and development of oil and gas property. It focuses on its South Salinas Project. The company was founded on July 19, 2021 and is headquartered in Danville, CA.

Bakersfield, CA, May 06, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, announced that on May 1, 2024, New York Stock Exchange Regulation department provided formal written notice to the Company that it had regained compliance with the NYSE American continuing listing standards as set forth in Part 10 of the NYSE American Company Guide.

Company Regains NYSE Listing Compliance

Trio Petroleum (NYSEMKT: TPET ) stock is falling on Wednesday after the oil and gas exploration and development company announced new financing agreements. The first one announced by Trio Petroleum is a securities purchase agreement with an institutional investor.

Why Is Trio Petroleum (TPET) Stock Down 22% Today?

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Combined Oil Production Stabilized at 75 Barrels Per Day Bakersfield, CA, April 11, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided an update on its oil producing assets in Monterey County, California, including at the Presidents Field (“Presidents”) of the South Salinas Project and at the McCool Ranch Field (“McCool Ranch”). “We are pleased to provide this operational update on our two oil producing assets in Monterey County,” commented Michael Peterson, CEO of Trio Petroleum.

Company Provides Operational Update for Monterey County Oil Producing Assets

Company Currently Has No Outstanding Convertible Investments Remaining Bakersfield, CA, April 09, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, announced that on April 8, 2024, filed a Form 8-K with the Securities and Exchange Commission (“SEC”) detailing the terms and conditions under which the Company retired $2.6 million in outstanding convertible notes. These notes had been previously funded in two tranches in October of 2023.

Company Retires $2.6 Million Convertible Note

McCool Ranch Field HH-1 Well Producing ~47 Barrels of Oil per Day; 58X and 35X Wells to be Restarted Shortly Presidents Field HV-3A Well to be Restarted Shortly at S. Salinas Project Bakersfield, CA, March 19, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided an update on its operations in Monterey County, California, including at the McCool Ranch Field (“McCool Ranch”) and at the Presidents Field.

Trio Petroleum Corp Provides Update on Monterey County Operations

Bakersfield, CA, March 01, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“TPET”, “Trio” or the “Company”), a California-based oil and gas company, today announced that on February 26, 2024, it received a deficiency letter (the “Notice”) from the NYSE American LLC (the “NYSE American”) indicating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”). Specifically, the Notice informed the Company that the NYSE American has determined that the shares of the Company's common stock have been selling for a low price per share for a substantial period of time, and pursuant to Section 1003(f)(v) of the Company Guide, the Company's continued listing is predicated on it demonstrating sustained price improvement by no later than August 26, 2024.

Trio Petroleum Announces Notice of Noncompliance with NYSE American Listing Standards

Trio Petroleum (NYSEMKT: TPET ) stock is falling on Tuesday after the oil and gas exploration and development company amended a securities purchase agreement with an institutional investor. According to a filing with the Securities and Exchange Commission (SEC), this agreement allows Trio Petroleum to expedite the repayment of a $2 million First Tranche Note.

Why Is Trio Petroleum (TPET) Stock Down 38% Today?

Estimated Contingent Resources of 42-92 Million Barrels of Oil Development of this Potential Giant Oilfield Commencing January 2024 Bakersfield, CA, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today announced that it has secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil development project at Asphalt Ridge, located near the town of Vernal in Uinta County in northeastern Utah.

Trio Petroleum Corp Announces an Option to Acquire a 20% Interest in the Asphalt Ridge Development Project in Utah

Oilfield Fully-Permitted to Restart Production from Six Previously Producing Wells San Ardo Water Disposal Well WD-1 Successfully Refurbished and the Testing and Repairs of On-Site Facilities In-Progress Bakersfield, CA, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today provided an update on the restart of the McCool Ranch Oil Field (“McCool Ranch”). On October 18, 2023, the Company announced its acquisition of an approximate 22% working interest in McCool Ranch, which is located in Monterey County seven miles north of the Company's flagship South Salinas Project.

Trio Petroleum Corp Announces the Restart of the McCool Ranch Oil Field

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BAKERSFIELD, CA, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp. (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today announced that it has secured a four-month option (the “Option”) with exclusivity to acquire a natural gas prospect in the Sacramento Basin with potential to produce an estimated 40 billion cubic feet of gas (BCF).

Trio Petroleum Corp Announces an Option to Acquire a 40 BCF Potential Natural Gas Prospect in the Sacramento Basin, California

Frank Ingriselli to Assume Role of Vice Chairman BAKERSFIELD, CA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today announced that Michael L. Peterson has been appointed as the new CEO of Trio effective October 23, 2023, replacing Frank C.

Trio Petroleum Corp Announces Appointment of Michael L. Peterson as CEO

Will Provide Update on Operations and Testing of HV-1 Discovery Well

Trio Petroleum Corp To Present at LD Micro XVI Main Event Investor Conference on Tuesday, October 3rd at 3:00pm PT

Pumping Unit and Storage Tank s and other Temporary Facilities Being Installed

Trio Petroleum Corp Provides Update on Testing of the HV-1 Discovery Well

The Brown Zone is the Core Reserve Zone to now be tested after exciting production results from its first test in the Mid-Monterey Formation.

Trio Petroleum Corp Announces Selection of the Monterey Formation Brown Zone as the Second Test Interval at its HV-1 Discovery Well

Webinar Media Interactive Call will be Held on Wednesday, August 23 at 4:30PM EST DANVILLE, CA, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio ” or the “ Company”), a California-based oil and gas company, today announced that it will hold an investor conference call on Wednesday, August 23 at 4:30PM EST in order to provide an update on future development plans along with an update on continued testing operations on its HV-1 discovery well. The Company also plans to provide and update on its continuing acquisition activities.

Trio Petroleum Corp Announces Investor Conference Call to Provide Update on Future Development Plans and Its Continued Testing Operations on the HV-1 Discovery Well

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Testing Operations to Continue on Additional Intervals Visit Trio Website for Oil Production Videos DANVILLE, CA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp. (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today announced that the first test interval (a stratigraphic subzone of the Mid-Monterey Clay Member of the Monterey Formation) that is being production tested at the HV-1 discovery well of the South Salinas Project has tested at rates up to approximately 125 barrels of oil per day (BOPD) with associated natural gas and water. These initial test results are preliminary and are based on swabbing operations that may not be definitive.

Trio Petroleum Corp Announces that the First Test Interval of its HV-1 Discovery Well has Tested at Rates up to 125 BOPD along with Associated Natural Gas

Development Plan includes resumption of production from HV-3A and BM 2-2 wells

Trio Petroleum Corp Announces Commencement of Full Field Development Activities of its South Salinas Project

Production Test Scheduled for the Week o f July 10, 2023 Cash Flow Expected in Q3 2023

Trio Petroleum Corp Announces Production Test to Commence Following the Successful Completion of Drilling Operations at South Salinas HV-1 Discovery Well

CEO Frank Ingriselli Will Present an Update on HV-1 Discovery Well and Future Development Plans

Trio Petroleum Corp To Present at LD Micro Invitational XIII Investor Conference on Tuesday, June 6th

Oil and Gas Production Rates at the HV-1 Discovery Well to be Determined and Announced after Final Completion Operations

Trio Petroleum Corp Announces that the HV-1 Well has Confirmed a Major Oil and Gas Accumulation in the Presidents Field of its South Salinas Project

Union Avenue Field is Located in Bakersfield , California

News for Trio Petroleum Corp Stock (TPET)