Company Retires $2.6 Million Convertible Note [Yahoo! Finance]
Trio Petroleum Corp. (TPET)
Company Research
Source: Yahoo! Finance
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. “This is a positive first step in strengthening the Company's balance sheet,” commented Michael Peterson, Chief Executive Officer of Trio Petroleum. “Improving the Company's financial footing has been my top priority since taking the role of CEO in October of last year.” “The first step in this process was the acquisition of the McCool Ranch Field where we could restart production and could drill over 20 new wells. Next was the resumption of production on our existing well in the South Salinas Project in Monterey County, CA. As we have
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TPET
News
- Company Commences Oil Sales from California Assets [Yahoo! Finance]Yahoo! Finance
- Company Commences Oil Sales from California AssetsGlobeNewswire
- 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
- Company Provides Operational Update for Monterey County Oil Producing AssetsGlobeNewswire
TPET
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 144
- 4/25/24 - Form 8-K
- TPET's page on the SEC website