Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to December 10, 2024
Trio Petroleum Corp. (TPET)
Company Research
Source: GlobeNewswire
Bakersfield, CA, Oct. 10, 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, located near the town of Vernal in Uintah County, northeastern Utah. We announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190’of oil-pay in HSO 2-4 and over 100’ of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. On September 12, 2024, Trio announced oil production from its first well HSO 2-4. Initial test result
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TPET
News
- Trio Petroleum Corp announces reverse stock splitGlobeNewswire
- Trio Petroleum Corp. Announces Appointment of James Blake to its Board of Directors, Strengthening Financial and Strategic ExpertiseGlobeNewswire
- Trio Provides Operational UpdateGlobeNewswire
- First Oil Production Confirmed at Asphalt Ridge's Well HSO 2-4GlobeNewswire
- Trio Reports Notable Increases in Estimated Oil and Gas ReservesGlobeNewswire
TPET
Sec Filings
- 11/14/24 - Form SC
- 11/4/24 - Form 8-K
- 10/23/24 - Form 8-K
- TPET's page on the SEC website