Trio to acquire producing oil and gas assets in prolific heavy oil region of Saskatchewan Canada
Trio Petroleum Corp. (TPET)
Company Research
Source: GlobeNewswire
Bakersfield, CA, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today is pleased to announce that it has entered into a non-binding Letter of Intent (“LOI”) for the acquisition of a 100% working interest in certain petroleum and natural gas properties held by Novacor Exploration Ltd. (“Novacor”), which are located in the prolific Lloydminster, Saskatchewan heavy oil region (the “Acquisition”). In the event that Trio consummates the Acquisition, it believes that it could strategically position itself to expand its operations into one of North America’s most promising heavy oil basins, with upside potential for long term production and reserve growth. Since the Novacor assets are in the heavy oil area, they offer economical development and low operational costs. Market accessibility combined with a favorable regulatory process makes this area very attractive for continued and future devel
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News
- Trio to acquire producing oil and gas assets in prolific heavy oil region of Saskatchewan Canada [Yahoo! Finance]Yahoo! Finance
- Trio Provides Operational Update on McCool Ranch [Yahoo! Finance]Yahoo! Finance
- Trio Provides Operational Update on McCool RanchGlobeNewswire
- Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to February 10, 2025 [Yahoo! Finance]Yahoo! Finance
- Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to February 10, 2025GlobeNewswire
TPET
Sec Filings
- 12/19/24 - Form 8-K
- 12/12/24 - Form 4
- 12/5/24 - Form 4
- TPET's page on the SEC website