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The latest update is out from Trio Petroleum Corp. ( (TPET) ).
Trio Petroleum Corp announced a non-binding Letter of Intent to acquire a 100% working interest in petroleum and natural gas assets from Novacor Exploration Ltd. in the Lloydminster, Saskatchewan heavy oil region, Canada. This acquisition could strategically expand Trio’s operations in a promising heavy oil basin with potential for significant production and reserve growth, aligning with Trio’s long-term vision for value creation.
More about Trio Petroleum Corp.
Trio Petroleum Corp is an oil and gas exploration and development company based in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. The company holds significant working interests in various oilfields and projects, including the Asphalt Ridge Project, and focuses on acquiring projects that offer immediate cash flow or transformative growth potential.
YTD Price Performance: -86.77%
Average Trading Volume: 274,110
Technical Sentiment Consensus Rating: Buy
See more insights into TPET stock on TipRanks’ Stock Analysis page.