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Trio Petroleum Corp. ( (TPET) ) has provided an announcement.
On August 20, 2025, Trio Petroleum Corp. entered into an Asset Purchase Agreement with its subsidiary, Trio Petroleum Canada, and Capital Land Services Ltd. to acquire certain assets related to oil and gas operations in Alberta, Canada. The transaction, which involves a mix of cash and restricted shares valued at CD$150,000 each, is contingent upon the closing of the Revitalize/PWC Transaction and obtaining necessary court approvals. This acquisition could potentially enhance Trio Petroleum’s asset portfolio and strengthen its position in the oil and gas sector.
More about Trio Petroleum Corp.
Trio Petroleum Corp. is a Delaware-based company operating in the oil and gas industry. It focuses on acquiring and managing petroleum and natural gas assets, with a market focus on mineral leasehold interests.
Average Trading Volume: 349,814
Technical Sentiment Signal: Sell
Current Market Cap: $9.12M
For a thorough assessment of TPET stock, go to TipRanks’ Stock Analysis page.