First Oil Production Confirmed at Asphalt Ridge's Well HSO 2-4
Trio Petroleum Corp. (TPET)
Company Research
Source: GlobeNewswire
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 Energy News, it is estimated to be the largest measured tar-sand resource in the United States. And given its low wax, negligible sulfur content, is expected to make the oil very desirable for many industries, including shipping. We believe that this project has the potential of being both large and
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TPET
News
- Trio Reports Notable Increases in Estimated Oil and Gas ReservesGlobeNewswire
- Company Provides Update on Asphalt Ridge Project, UtahGlobeNewswire
- Company Appoints New Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- Company Appoints New Chief Executive OfficerGlobeNewswire
- Company Announces First Revenue [Yahoo! Finance]Yahoo! Finance
TPET
Sec Filings
- 9/27/24 - Form 8-K
- 9/27/24 - Form 424B5
- 9/19/24 - Form 8-K
- TPET's page on the SEC website