SC 13D - Trio Petroleum Corp. (0001898766) (Subject)
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S-1/A - Trio Petroleum Corp. (0001898766) (Filer)
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. Investor Conference Call today at 4:30PM EST to Discuss Exciting Test Results and Trio's Future Plans DANVILLE, CA, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp. (NYSE:TPET) ("Trio " or the " Company "), a California-based oil and gas company, today announced that the second test interval at the HV-1 discovery well of the South Salinas Project will be the Brown Zone ("Brown Chert"), of the Miocene Age Monterey Formation. The Brown Zone (aka Brown Chert) and the overlying Yellow Zone (aka Yellow Chert) are the primary reservoir obj
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: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. The call will be a media and video interactive Zoom webinar and will include a question and answer session. The full Trio management team w
Frank Ingriselli to Assume Role of Vice Chairman BAKERSFIELD, CA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE: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. Ingriselli who will be resigning, effective as of the same date. Mr. Peterson is currently a member of the Company's Board of Directors, serving as the Chairman of the Audit Committee and the Compensation Committee, and the Company's Special Acquisitions Committee. Mr. Ingriselli will assume the role of Vice Chairman of Trio, and enter into a consulting engagement t
Bakersfield, CA, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, is pleased to announce oil production, using a downhole heater, from its first well HSO 2-4 on its Asphalt Ridge Project in Uintah County, Utah. This confirms that the pay zone bitumen, when heated, becomes less viscous and is able to drain into the wellbore and be pumped to the surface. Commented Robin Ross, CEO of Trio, "The Asphalt Ridge Project is a very special project, known to be one of the largest tar-sand deposits in North America outside of Canada, making it a potential giant oilfield. According to J. Wallace Gwynn of E
Discounted Net Cash Flow (at 10%) increase of $67 Million to $475 Million Based on Updated Operations Bakersfield, CA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE:TPET) ("Trio" or the "Company"), a California-based oil and gas company, today provided an update on estimates of oil and gas reserves and future net cash flows at its South Salinas Project in Monterey County, California. The Company recently filed with the Securities and Exchange Commission ("SEC") a Registration Statement on Form S-1 ("S-1") that included an updated reserve report, effective April 30, 2024 ("Reserve Report"), for the Company's assets at the South Salinas Project. The Reserve Report wa
Now Using More-Powerful Downhole-Heater at the New 2-4 Well First Oil Production Expected August-September 2024 Drilling of Third Well Planned August-September 2024 Option Period to Acquire Remaining 17.75% Working Interest Extended to October 10 Bakersfield, CA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, today provided updates on its Asphalt Ridge Project in Uintah County, Utah. TPET announced on January 5, 2024, that it had secured an option (the "Option") to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, loc
Co-Founder and Chairman Robin Ross Accepts Expanded Role Bakersfield, CA, July 15, 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 appointed Robin Ross as its new Chief Executive Officer, effective July 11, 2024. Mr. Ross recently rejoined the Company as the Chairman of the Board. Mr. Ross co-founded Trio and was instrumental in his prior role in bringing the Company public and executing its initial public offering to fund the exploration and development of the Company's initial oil and gas properties in central California. "We are excited for Mr. Ross to take on this ne
Company Collects First Revenue Check for April Oil Sales at McCool Ranch Field HH-1 at McCool Ranch Producing Steadily at Approximately 30 BOPD Bakersfield, CA, July 01, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, today announced that it received its first revenue payment in June for its proportionate share of revenue from April oil sales at McCool Ranch Field in Monterey County, California. "We are now generating revenue and this is a positive milestone for our Company," commented Michael Peterson, CEO of Trio. "My top priority when I assumed the role of CEO was to quickly begin generating revenu
Trio Co-Founder Rejoins Company and Management Team Bakersfield, CA, June 20, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp. (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, today announced Trio co-founder and former board member Robin Ross has returned to the Company's board of directors as Chairman as of June 17, 2024. As part of the transition, Trio's Current Chairman and co-founder Stan Eschner has become Vice Chairman of the Board and former CEO Frank Ingriselli, who has been serving as Vice Chairman, has resigned as a director, also effective as of June 17th. "We are pleased to welcome Robin back to the board of Trio and have him assum
HSO 8-4 Well Discovers Over 100' of Oil-Bearing Pay Zone in Rimrock Sandstone HSO 2-4 Discovers Over 120' of Oil-Bearing Pay Zone in Rimrock Sandstone & 69' of Oil-Bearing Pay Zone in Asphalt Ridge Sandstone Bakersfield, CA, June 11, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, today provided updates on its recently completed drilling activities in Uintah County, Utah. The Company has successfully drilled its first two exploratory wells, the HSO 8-4 and HSO 2-4. The HSO 8-4 was drilled to a total depth of 1,020', while the HSO 2-4 was drilled to a depth of 1,390'. The wells encountered substantial o
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. "This is a very positive development for the Company," commented Michael Peterson, CEO of Trio. "Our Company has recently executed on several important milestones in our operations since I assumed the position of Chief Executive Officer in February. First, we relaunched
Company to Ship First Commercially Marketed Oil SalesSince Resumption of Operations in February Rig Scheduled for First Exploratory Well on Utah Asset Bakersfield, CA, April 24, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, today provided updates on its petroleum assets in Monterey County, California, and Uintah County, Utah. The Company this week will make its first sale and shipment of oil produced at the McCool Ranch Field in Monterey County, California. The Company will ship approximately 2,100 barrels of oil, which were produced primarily from the HH-1 well that was brought back
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. "The Company currently operates two highly promising, proven petroleum assets in Monterey County in the
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Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, today announced that it has appointed Robin Ross as its new Chief Executive Officer, effective July 11, 2024. Mr. Ross recently rejoined the Company as the Chairman of the Board. Mr. Ross co-founded Trio and was instrumental in his prior role in bringing the Company public and executing its initial public offering to fund the exploration and development of the Company's initial oil and gas properties in central California.
Company Collects First Revenue Check for April Oil Sales at McCool Ranch FieldHH-1 at McCool Ranch Producing Steadily at Approximately 30 BOPDBakersfield, CA, July 01, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, today announced that it received its first revenue payment in June for its proportionate share of revenue from April oil sales at McCool Ranch Field in Monterey County, California.
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 100 points on Tuesday. The Dow traded down 0.39% to 38,718.00 while the NASDAQ rose 0.60% to 17,295.62. The S&P 500 also rose, gaining, 0.10% to 5,366.07. Check This Out: Alphabet To Rally Over 28%? Here Are 10 Top Analyst Forecasts For Tuesday Leading and Lagging SectorsInformation technology shares climbed by 1.3% on Tuesday. In trading on Tuesday, financials shares fell by 1.2%. Top Headline Shares of Calavo Growers, Inc. (NASDAQ:CVGW) rose more than 5% during Tuesday's session after the company reported second-quarter financial results. Total net sales surged 16.5% year-over
Trio Petroleum Corp. (NYSE:TPET) shares are trading higher Tuesday after the California-based oil company announced it successfully completed its first two exploratory wells in Utah. Under the current agreement, Trio’s operating partner, Lafayette Energy Corp, will cover all drilling expenses up to $10 million. The company projects an estimates a 40% oil recovery and an estimated ultimate recovery of 300,000 barrels of oil per well with a production rate of approximately 40 barrels of oil per day per well. There may be an opportunity for Trio to expand the project by an additional 1,920 acres once the company completes the required steps with the Utah Division of Oil, Gas and Mining
Shares of Contango Ore, Inc. (NYSE:CTGO) fell sharply during Tuesday's session after the company announced pricing of $15 million underwritten public offering. Contango Ore shares dipped 18.4% to $20.34 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Trio Petroleum Corp. (NYSE:TPET) shares jumped 88.2% to $0.4254 after the company completed its first two exploratory wells. Airship AI Holdings, Inc. (NASDAQ:AISP) shares climbed 32.5% to $4.1599. Airship AI announced a six-figure sole-source contract award within the Department of Justice for Acropolis Enterprise Video and Data Management Platform. Blue World Acquisition Corporation (NASDAQ
U.S. stocks traded lower midway through trading, with the Dow Jones index falling by more than 200 points on Tuesday. The Dow traded down 0.56% to 38,650.35 while the NASDAQ fell 0.09% to 17,177.00. The S&P 500 also fell, dropping, 0.33% to 5,343.26. Check This Out: Alphabet To Rally Over 28%? Here Are 10 Top Analyst Forecasts For Tuesday Leading and Lagging SectorsInformation technology shares climbed by 0.5% on Tuesday. In trading on Tuesday, financials shares fell by 1.5%. Top Headline Yext, Inc. (NYSE:YEXT) shares fell around 5% during Tuesday's session after the company reported worse-than-expected first-quarter financial results, issued weak second-quarter guidance an
U.S. stocks traded lower this morning, with the Dow Jones index falling by more than 200 points on Tuesday. Following the market opening Tuesday, the Dow traded down 0.63% to 38,624.13 while the NASDAQ fell 0.14% to 17,168.65. The S&P 500 also fell, dropping, 0.33% to 5,342.91. Check This Out: Alphabet To Rally Over 28%? Here Are 10 Top Analyst Forecasts For Tuesday Leading and Lagging SectorsCommunication services shares climbed by 0.1% on Tuesday. In trading on Tuesday, utilities shares fell by 1.1%. Top Headline The NFIB Small Business Optimism Index climbed to 90.5 in May, notching the highest level in five months, compared to 89.7 in April and also topping market esti
HSO 8-4 Well Discovers Over 100' of Oil-Bearing Pay Zone in Rimrock SandstoneHSO 2-4 Discovers Over 120' of Oil-Bearing Pay Zone in Rimrock Sandstone & 69' of Oil-Bearing Pay Zone in Asphalt Ridge SandstoneBakersfield, CA, June 11, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: "TPET", "Trio" or the "Company"), a California-based oil and gas company, today provided updates on its recently completed drilling activities in Uintah County, Utah. The Company has successfully drilled its first two exploratory wells, the HSO 8-4 and HSO 2-4. The HSO 8-4 was drilled to a total depth of 1,020', while the HSO 2-4 was drilled to a depth of 1,390'. The wells encountered substantial oil-bea