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. In Monterey County, it owns an 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and a 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, it owns a 2.25% working interest in 960 acres and options to acquire up to an additional 17.75% working interest in the 960 acres, and an option to acquire 20% working interest in an adjacent 1,920 acres, and a right of first refusal to participate in an additional approximate 30,000 acres of the Asphalt Ridge Project at terms offered to other third parties. Asphalt Ridge is a northwest-southeast topographic feature that crops-out along the northeast flank of the Uinta 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.
Follow-Up Questions
Who is the CEO of Trio Petroleum Corp?
Mr. Robin Ross is the Chairman of the Board of Trio Petroleum Corp, joining the firm since 2021.
What is the price performance of TPET stock?
The current price of TPET is $0.916, it has decreased 4.11% in the last trading day.
What are the primary business themes or industries for Trio Petroleum Corp?
Trio Petroleum Corp belongs to Energy industry and the sector is Energy
