Company Commences Oil Sales from California Assets
Trio Petroleum Corp. (TPET)
Company Research
Source: GlobeNewswire
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 online in late February of 2024. Net of 16.67% royalties and oil trucking costs, the 80% net revenues to TPET from this sale are expected to be approximately $105,000. The Company is also announcing the commencement of drilling activities on the Asphalt Ridge project in Uintah County, UT. A
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TPET
News
- Company Regains NYSE Listing Compliance [Yahoo! Finance]Yahoo! Finance
- Company Regains NYSE Listing ComplianceGlobeNewswire
- Company Commences Oil Sales from California Assets [Yahoo! Finance]Yahoo! Finance
- Investing Experts: Here's How To Pick Your First Stocks in 2024 [Yahoo! Finance]Yahoo! Finance
- Company Provides Operational Update for Monterey County Oil Producing Assets [Yahoo! Finance]Yahoo! Finance
TPET
Sec Filings
- 5/7/24 - Form 8-K
- 5/3/24 - Form 4
- 5/2/24 - Form 144
- TPET's page on the SEC website