Trio Petroleum Corp (TPET) Price

Trio Petroleum Corp. engages in the exploration and development of oil and gas property. The company is headquartered in Bakersfield, California and currently employs 1 full-time employees. The company went IPO on 2023-04-18. The firm's projects include South Salinas, Asphalt Ridge and McCool Ranch. In Monterey County, Trio owns an approximately 85.75% working interest in 9,300 acres at the Presidents and Humpback oilfields in the South Salinas Project, and an approximately 22% working interest in 800 acres in the McCool Ranch Field. The firm is developing the Asphalt Ridge project, one of the Heavy Oil and Tar Sand accumulations in North America. In the Asphalt Ridge project, the Company holds approximately 2.25% working interest of 960 acres. Asphalt Ridge is a prominent, northwest-southeast trending topographic feature (a dipping slope called a hog’s back or cuesta) that crops-out along the northeast flank of the Uintah Basin. Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company.