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The latest announcement is out from Trio Petroleum Corp. ( (TPET) ).
Trio Petroleum Corp has completed the acquisition of certain petroleum and natural gas assets from Novacor Exploration Ltd. in the Lloydminster, Saskatchewan heavy oil region. This strategic acquisition positions Trio to expand its operations in a promising heavy oil basin, with potential for long-term production and reserve growth. The acquisition includes seven producing wells, and Novacor will continue as the operator, ensuring operational efficiency and low lift costs. The company’s board also amended its bylaws to reduce the quorum requirement for stockholder meetings.
More about Trio Petroleum Corp.
Trio Petroleum Corp is an oil and gas exploration and development company operating in California, Utah, and Lloydminster, Saskatchewan.
Average Trading Volume: 187,954
Technical Sentiment Signal: Sell
Current Market Cap: $8.85M
Learn more about TPET stock on TipRanks’ Stock Analysis page.