Trio Petroleum（TPET）株式概要Trio Petroleum Corp.は石油・ガス探査開発会社である。 詳細TPET ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6リスク分析過去5年間で収益は年間22.7%減少しました。 キャッシュランウェイが1年未満である US市場と比較して、過去 3 か月間の株価の変動が非常に大きい収益が 100 万ドル未満 ( $510K )+2 さらなるリスクすべてのリスクチェックを見るTPET Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$0.375.4k% 割高 内在価値ディスカウントEst. Revenue$PastFuture-10m510k2016201920222025202620282031Revenue US$510.1kEarnings US$77.5kAdvancedSet Fair ValueView all narrativesTrio Petroleum Corp. 競合他社Prairie OperatingSymbol: NasdaqCM:PROPMarket cap: US$85.3mCoJax Oil and GasSymbol: OTCPK:CJAXMarket cap: US$50.3mRoyale EnergySymbol: OTCPK:ROYLMarket cap: US$8.9mNorris IndustriesSymbol: OTCPK:NRISMarket cap: US$16.0m価格と性能株価の高値、安値、推移の概要Trio Petroleum過去の株価現在の株価US$0.3752週高値US$2.5052週安値US$0.34ベータ-4.841ヶ月の変化-29.45%3ヶ月変化-11.08%1年変化-68.97%3年間の変化-98.75%5年間の変化n/aIPOからの変化-99.19%最新ニュースお知らせ • Mar 26Trio Petroleum Corp., Annual General Meeting, May 21, 2026Trio Petroleum Corp., Annual General Meeting, May 21, 2026.Reported Earnings • Mar 19First quarter 2026 earnings released: US$0.096 loss per share (vs US$0.33 loss in 1Q 2025)First quarter 2026 results: US$0.096 loss per share (improved from US$0.33 loss in 1Q 2025). Net loss: US$1.01m (loss narrowed 37% from 1Q 2025).New Risk • Mar 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 51% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (83% increase in shares outstanding). Revenue is less than US$1m (US$399k revenue). Market cap is less than US$10m (US$5.17m market cap).お知らせ • Jan 22Trio Petroleum Corp. Auditor Raises 'Going Concern' DoubtTrio Petroleum Corp. filed its 10-K on Jan 20, 2026 for the period ending Oct 31, 2025. In this report its auditor, Bush & Associates CPA, gave an unqualified opinion expressing doubt that the company can continue as a going concern.お知らせ • Jan 10Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $3.6 million.Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $3.6 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offeringお知らせ • Aug 07+ 1 more updateTrio Petroleum Corp Provides an Operational Update on Its Current Oil and Gas Assets, by FieldTrio Petroleum Corp. provided an operational update on each of its current oil and gas assets, by field. Lloydminster, SaskatchewanProduction has stabilized between 60 and 70 BOPD at the recently acquired fields from Novacor.Wells produce heavy crude oil with low operational costs from the McLaren/Sparky and Lloydminster formation and is home to some of the largest players in the industry such as Cenovus Energy, Canadian Natural Resources, Baytex Energy, and Rife Resources. Potential for four additional re-entry wells and two fully equipped locations to be reactivated each capable of an additional 70 barrels in total per day. Novacor Exploration Ltd. (the operator) has identified further potential upside through multi-lateral drill opportunities. The multilateral drill opportunity is in section 19-47-26w3 owned by Trio and is capable of 200 to 300bpd per Doug Forrest, president of Novacor. The Company is currently reviewing accretive opportunities in the area which can generate immediate cash flow.Presidents Field, South Salinas Project, Monterey, CaliforniaCalifornia Geologic Energy Management Division's (CalGEM) review of Bradley Water Disposal Project Application has been given a higher priority. The objective is to obtain approval to utilize the Bradley minerals 1-2 well (drilled in 2005) for the disposal of produced water which, believe, would result in reduced water disposal costs from approximately $10/barrel to less than $1/barrel once the field is in production. South Salinas Project (9,300 acres) has the potential to be significant, with, an estimated 40 million barrels of oil plus 42 billion cubic feet of gas, or 47 million barrels of oil equivalent in Probable (P2). Undeveloped reserves and an approximate 101 million barrels of oil plus 169 billion cubic feet of gas, or 129 million barrels of oil equivalent in Possible (P3) Undeveloped reserves. Trio's Total Probable (P2) undiscounted net cash flow is an estimated approximate $2.1 billion, and Trio's Total Possible (P3) undiscounted net cash flow is an estimated approximate $7.9 billionDue to the size and cost of developing this project, Trio is talking to potential joint venture partners. PR Spring, Uintah, UtahTesting continues with downhole heaters to be followed by chemical squeeze at nearby Asphalt Ridge's two test wells to determine the most economical oil extraction process. Asphalt Ridge is located in the same Uintah Basin as PR Spring with similar geology and formations.PR Spring is known to be located in one of the largest tar-sand deposits in North America outside of Canada, and establishing first-oil at this project is of utmost significance to the Company.Trio has an option to acquire 2000 acres.Contains an estimated 6.75 billion barrels or OOIP within the Uintah basin boundary.Ultimate recovery of 300,000 barrels of oil per well.2000 acre parcel will support up to 1000 wells.Potential to provide upwards of 50,000 barrels a day when fully developed with approximate 20-year life.Initial total drilling and completion cost of less than $800,000 per well and declining with scale.Trio's obligation is subject to the two test wells previously drilled at Asphalt Ridge producing 80 BOPD combined for 30 consecutive days.最新情報をもっと見るRecent updatesお知らせ • Mar 26Trio Petroleum Corp., Annual General Meeting, May 21, 2026Trio Petroleum Corp., Annual General Meeting, May 21, 2026.Reported Earnings • Mar 19First quarter 2026 earnings released: US$0.096 loss per share (vs US$0.33 loss in 1Q 2025)First quarter 2026 results: US$0.096 loss per share (improved from US$0.33 loss in 1Q 2025). Net loss: US$1.01m (loss narrowed 37% from 1Q 2025).New Risk • Mar 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 51% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (83% increase in shares outstanding). Revenue is less than US$1m (US$399k revenue). Market cap is less than US$10m (US$5.17m market cap).お知らせ • Jan 22Trio Petroleum Corp. Auditor Raises 'Going Concern' DoubtTrio Petroleum Corp. filed its 10-K on Jan 20, 2026 for the period ending Oct 31, 2025. In this report its auditor, Bush & Associates CPA, gave an unqualified opinion expressing doubt that the company can continue as a going concern.お知らせ • Jan 10Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $3.6 million.Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $3.6 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offeringお知らせ • Aug 07+ 1 more updateTrio Petroleum Corp Provides an Operational Update on Its Current Oil and Gas Assets, by FieldTrio Petroleum Corp. provided an operational update on each of its current oil and gas assets, by field. Lloydminster, SaskatchewanProduction has stabilized between 60 and 70 BOPD at the recently acquired fields from Novacor.Wells produce heavy crude oil with low operational costs from the McLaren/Sparky and Lloydminster formation and is home to some of the largest players in the industry such as Cenovus Energy, Canadian Natural Resources, Baytex Energy, and Rife Resources. Potential for four additional re-entry wells and two fully equipped locations to be reactivated each capable of an additional 70 barrels in total per day. Novacor Exploration Ltd. (the operator) has identified further potential upside through multi-lateral drill opportunities. The multilateral drill opportunity is in section 19-47-26w3 owned by Trio and is capable of 200 to 300bpd per Doug Forrest, president of Novacor. The Company is currently reviewing accretive opportunities in the area which can generate immediate cash flow.Presidents Field, South Salinas Project, Monterey, CaliforniaCalifornia Geologic Energy Management Division's (CalGEM) review of Bradley Water Disposal Project Application has been given a higher priority. The objective is to obtain approval to utilize the Bradley minerals 1-2 well (drilled in 2005) for the disposal of produced water which, believe, would result in reduced water disposal costs from approximately $10/barrel to less than $1/barrel once the field is in production. South Salinas Project (9,300 acres) has the potential to be significant, with, an estimated 40 million barrels of oil plus 42 billion cubic feet of gas, or 47 million barrels of oil equivalent in Probable (P2). Undeveloped reserves and an approximate 101 million barrels of oil plus 169 billion cubic feet of gas, or 129 million barrels of oil equivalent in Possible (P3) Undeveloped reserves. Trio's Total Probable (P2) undiscounted net cash flow is an estimated approximate $2.1 billion, and Trio's Total Possible (P3) undiscounted net cash flow is an estimated approximate $7.9 billionDue to the size and cost of developing this project, Trio is talking to potential joint venture partners. PR Spring, Uintah, UtahTesting continues with downhole heaters to be followed by chemical squeeze at nearby Asphalt Ridge's two test wells to determine the most economical oil extraction process. Asphalt Ridge is located in the same Uintah Basin as PR Spring with similar geology and formations.PR Spring is known to be located in one of the largest tar-sand deposits in North America outside of Canada, and establishing first-oil at this project is of utmost significance to the Company.Trio has an option to acquire 2000 acres.Contains an estimated 6.75 billion barrels or OOIP within the Uintah basin boundary.Ultimate recovery of 300,000 barrels of oil per well.2000 acre parcel will support up to 1000 wells.Potential to provide upwards of 50,000 barrels a day when fully developed with approximate 20-year life.Initial total drilling and completion cost of less than $800,000 per well and declining with scale.Trio's obligation is subject to the two test wells previously drilled at Asphalt Ridge producing 80 BOPD combined for 30 consecutive days.お知らせ • Jun 04Trio Petroleum Corp., Annual General Meeting, Jul 30, 2025Trio Petroleum Corp., Annual General Meeting, Jul 30, 2025.お知らせ • May 24Trio Petroleum Corp. to Suspend Operations At McCool RanchTrio Petroleum Corp. decided to suspend operations at McCool Ranch and will terminate its efforts to acquire a working interest in the project. The company made this determination, because, under previously negotiated terms, natural gas prices and water disposal costs, particularly in California, where McCool Ranch is located, makes it cost prohibitive for the Company to employ cyclic-steam operations to increase production and will not be economically feasible in the long run. The Company has decided to focus its efforts on other sites which it believes will be more economically feasible, and hopefully generate greater profits for the Company.お知らせ • May 21Trio Petroleum Corp. (NYSEAM:TPET) signed a non-binding letter of intent to acquire Certain Oil and Gas Assets of Heavy Sweet Oil LLC for $2.8 million.Trio Petroleum Corp. (NYSEAM:TPET) signed a non-binding letter of intent to acquire Certain Oil and Gas Assets of Heavy Sweet Oil LLC for $2.8 million on May 15, 2025. Under the terms of the acquisition, Trio Petroleum Corp. paid a non-refundable payment of $0.15 million to Heavy Sweet Oil (HSO) upon the execution of the letter of intent, and will issue to HSO 1,492,272 restricted shares of Trio’s common stock and will pay to HSO $0.85 million in cash upon entering into a definitive agreement. Entering into a definitive agreement is subject to delivery of evidence of a minimum sustained production rate of 40 barrels per day for a continuous 30-day period from each of the two wells operated by Trio at the Asphalt Ridge site. Additionally, the transaction is subject to the approval of governing bodies of each of the Trio and HSO, including the board of directors of the Trio.お知らせ • Apr 10Trio Petroleum Corp. (NYSEAM:TPET) completed the acquisition of Certain petroleum and natural gas properties from Novacor Exploration Ltd.Trio Petroleum Corp. (NYSEAM:TPET) entered into a non-binding Letter of Intent to acquire Certain petroleum and natural gas properties from Novacor Exploration Ltd. for CAD 2 million on December 18, 2024. The stated purchase price of the Acquisition is CAD 2 million in the combination of (approximately $1.4 million based on current exchange rates) payable CAD 0.93 million in cash and the remainder in shares of common stock of Trio, which we would agree to use our commercially reasonable efforts to register for resale in a registration statement filed with the United States Securities and Exchange Commission. Unless extended by the mutual agreement of the parties, the Letter of Intent will terminate on the earlier of (i) the mutual agreement of Novacor and Trio, (ii) the execution of definitive acquisition documents or (iii) on February 15, 2025. As of March 5, 2025, Trio and Novacor mutually agreed to extend the execution of definitive acquisition documents to March 15, 2025. Trio Petroleum Corp. (NYSEAM:TPET) completed the acquisition of Certain petroleum and natural gas properties from Novacor Exploration Ltd. on April 10, 2025.お知らせ • Jan 09Trio Petroleum Corp. Announces Executive TerminationsOn December 31, 2024, the employment agreements of both Terence B. Eschner and Steven Rowlee with Trio Petroleum Corp. (the “Company”) both terminated by their terms and their positions as President and Chief Operating Officer, respectively, of the Company, were formally terminated by the Board as of January 2, 2025.お知らせ • Dec 20Trio Petroleum Corp. (NYSEAM:TPET) entered into a non-binding Letter of Intent to acquire Certain petroleum and natural gas properties from Novacor Exploration Ltd for $1.4 million.Trio Petroleum Corp. (NYSEAM:TPET) entered into a non-binding Letter of Intent to acquire Certain petroleum and natural gas properties from Novacor Exploration Ltd. for $1.4 million on December 19, 2024. The stated purchase price of the Acquisition is CAD2 million in the combination of (approximately US$1.4 million based on current exchange rates) payable US$650,000 in cash and the remainder in shares of common stock of Trio, which we would agree to use our commercially reasonable efforts to register for resale in a registration statement filed with the United States Securities and Exchange Commission. Unless extended by the mutual agreement of the parties, the Letter of Intent will terminate on the earlier of (i) the mutual agreement of Novacor and Trio, (ii) the execution of definitive acquisition documents or (iii) on February 15, 2025.お知らせ • Nov 26Trio Petroleum Corp Provides Updates on Its Asphalt Ridge Project in Uintah CountyTrio Petroleum Corp. provided updates on its Asphalt Ridge Project in Uintah County, Utah. TPET announced on January 5, 2024, that it had secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. Company announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190’of oil-pay in HSO 2-4 and over 100’ of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. On September 12, 2024, Company announced first oil production from the HSO 2-4 well. This encouraging oil production continues to-date. The HSO 8-4 is scheduled to receive a new downhole heater in early December and should commence oil production shortly thereafter. Engineering for a further six wells has been completed and permits are expected shortly TPET currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. TPET has secured an Option extension and now has until February 10, 2025, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. TPET has until the earlier of the successful drilling and completion of 50 new wells, or November 10, 2025, to exercise its option on the adjacent 1,920 acres. The Asphalt Ridge Project is known to be one of the largest heavy-oil and tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both immense and highly profitable. A typical project well has an estimated ultimate recovery (“EUR”) of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day.お知らせ • Nov 07Trio Petroleum Corp. Provides Non-Compliance UpdateAs previously disclosed on the Form 8-K filed by Trio Petroleum Corp. (the Company") with the Securities and Exchange Commission on November 4, 2024, the Company intends to file with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the Certificate of Amendment") on November 14, 2024 to effect a reverse stock split at a ratio of one-for-twenty (1:20) (the Reverse Stock Split"), where every twenty shares of the common stock of the Company, par value $0.0001 per share (Common Stock"), will combine into one share of Common Stock following the Reverse Stock Split. The Reverse Stock Split will become effective as of 4:30 p.m., Eastern Time, on November 14, 2024, and the Common Stock will begin trading on a split-adjusted basis when the market opens on November 15, 2024. The Reverse Stock Split was approved by the Company's stockholders at the annual meeting of stockholders on August 15, 2024, and was approved by the board of directors of the Company on October 23, 2024. On November 5, 2024, the Company received notice from NYSE American that NYSE American had halted trading in the shares of the Common Stock until the effectiveness of the Reverse Stock Split because the Common Stock was consistently selling at a low selling price per share in violation of Section 1003(f)(v) of the NYSE American Company Guide. NYSE American informed the Company that it will attempt to reopen trading in the Common Stock on November 15, 2024, which is when the Common Stock is expected to begin trading on a post-split basis, provided that NYSE American no longer deems the selling price of the Common Stock to be too low.お知らせ • Oct 23Trio Petroleum Corp. Appoints James Blake to its Board of DirectorsTrio Petroleum Corp. announced the appointment of James Blake to its Board of Directors. James brings with him 30 years of experience in the financial industry and holds a Bachelor of Commerce degree from the University of Alberta. He is also a Chartered Financial Analyst (CFA), with a distinguished career, having recently retired from a major Canadian bank where he managed over $750 million in assets as a portfolio manager. His expertise in financial markets, investment strategies, and risk management will be an invaluable asset to Trio Petroleum. In addition to his extensive financial experience, James has been deeply involved in the startup ecosystem, both as an investor and in raising capital for early-stage companies across various sectors. His capacity to identify high-potential ventures, coupled with his financial acumen, equips him with a diverse perspective that will benefit Trio as the company looks to strengthen its position in the energy market. James Blakes wealth of knowledge in financial management and his entrepreneurial insights align perfectly with Trios strategic goals for growth and innovation, said Robin Ross, Chairman of the Board and CEO of Trio Petroleum Corp. His leadership and experience will be instrumental in supporting the company's drive for sustainable growth, operational efficiency, and long-term shareholder value.お知らせ • Sep 28Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $4.8 million.Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $4.8 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offeringお知らせ • Aug 08+ 1 more updateTrio Petroleum Corp. Provides Update on Asphalt Ridge Project, UtahTrio Petroleum Corp. provided updates on its Asphalt Ridge Project in Uintah County, Utah. Trio announced on January 5, 2024, that it had secured an option (the "Option") to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. The company announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190'of oil-pay in HSO 2-4 and over 100' of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. Initial test results at the HSO 2-4 Well have since been encouraging, with mobile oil resulting from the heat generated by the downhole-heater, and the HSO 2-4 completion has recently been upgraded with a more- powerful downhole-heater. The upgraded heater has capacity to heat the hole and the oil to approximately 300deg Fahrenheit versus the replaced heater that could only achieve approximately 150deg Fahrenheit - this additional heat may significantly improve oil production at the well. This August-September 2024, the Company expects oil production to commence, and also to drill and complete one additional new well. The company currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. Trio has secured a two-month Option extension and now has until October 10, 2024, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. The Asphalt Ridge Project is known to be one of the largest tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both immense and highly profitable. A typical project well has an estimated ultimate recovery ("EUR") of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day.お知らせ • Jul 17Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $10 million.Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $10 million. Security Name: COMMON STOCK Security Type: Common Stock Securities Offered: 35,460,993 Price\Range: $0.282 Discount Per Security: $0.02115お知らせ • Jul 16+ 1 more updateTrio Petroleum Corp. Announces Resignation of Michael L. Peterson as Member of the BoardTrio Petroleum Corp. announced on July 9, 2024, Michael L. Peterson delivered to the Board of Directors of the company a notice of his resignation as the member of the Board, effective on July 11, 2024.お知らせ • Jun 20Trio Petroleum Corp. Announces Board ChangesTrio Petroleum Corp. announced Trio co-founder and former board member Robin Ross has returned to the Company’s board of directors as Chairman as of June 17, 2024. As part of the transition, Trio’s Current Chairman and co-founder Stan Eschner has become Vice Chairman of the Board and former CEO Frank Ingriselli, who has been serving as Vice Chairman, has resigned as a director, also effective as of June 17, 2024.お知らせ • May 07Trio Petroleum Regains NYSE Listing ComplianceTrio Petroleum Corp. announced that on May 1, 2024, New York Stock Exchange Regulation department provided formal written notice to the Company that it had regained compliance with the NYSE American continuing listing standards as set in Part 10 of the NYSE American Company Guide. “This is a very positive development for the Company,” commented Michael Peterson, CEO of Trio. “Our Company has recently executed on several important milestones in our operations since I assumed the position of Chief Executive Officer in February. First, we relaunched operations on multiple oil producing leases we own in California in February and March. Second, we have begun selling our produced oil at commercially marketable scale in April.” “Most importantly, we currently have a drilling rig on location at our Asphalt Ridge project in northeastern Utah. We potentially stand to unlock significant shareholder value in the immediate term, and regaining NYSE American listing compliance should help shift investor focus back onto our positive business activities instead of listing compliance. We look forward to sharing additional updates on our operations in California and Utah in the coming weeks, concluded Mr. Peterson”.お知らせ • Apr 26Trio Petroleum Corp. announced that it has received $0.36 million in fundingTrio Petroleum Corp. announced that it has entered into a amended and restated securities purchase agreement with institutional investor to issue 750,000 and a Senior Secured Convertible Promissory Note at a principal amount of $400,000 having an original issue discount of $40,000, or 10% for the gross proceeds of $360,000; aggregate gross proceeds of $360,000 on April 24, 2024. There is no interest payable on the outstanding balance of the Investor Note, unless an Event of Default has occurred, in which case interest will accrue on the outstanding balance of the Investor Note at a rate of 15% per annum until cured (the “Default Interest”). The Company may prepay all or any portion of the Investor Note at any time and must prepay the Investor Note in full from the proceeds of any debt or equity financing of the Company generating, in a single transaction or a series of related transactions, gross proceeds of not less than $1,000,000, during any time that the Investor Note remains outstanding. The maturity date of the Investor Note is August 16, 2024. The Investor Note is convertible into shares common stock of the Company (the “Conversion Shares”) at a per share conversion price of $0.25, subject to certain adjustments. The Investor Note also contains certain beneficial ownership limitations prohibiting the Investor from converting the Investor Note, if any such conversion would result in the Investor’s ownership of shares in excess of the applicable beneficial ownership limitation. The information contained above under Item 1.01, to the extent applicable, is hereby incorporated by reference herein. Based in part upon the representations of the Investor in the SPA, the offering and sale of the Investor Note and the issuance of the Commitment Shares was made in a private placement transaction exempt for registration in reliance on the exemption afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and corresponding provisions of state securities or “blue sky” laws. The Company and the Purchasers are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded by the provisions of Section 4(a)(2) or Section 4(a)(6) of the Securities Act (as defined below), and/or Regulation D promulgated thereunder.お知らせ • Apr 24Trio Petroleum Corp. Provides Updates on its Petroleum Assets in Monterey County, California, and Uintah County, UtahTrio Petroleum Corp. provided updates on its petroleum assets in Monterey County, California, and Uintah County, Utah. The Company also announced the commencement of drilling activities on the Asphalt Ridge project in Uintah County, UT. A rig is scheduled to be on site this Sunday, and to drill and complete the Company’s first well on this asset in the next two weeks. Drilling results are expected to be readily available shortly after the well is drilled to a total estimated depth of 1,200 feet. The project targets a highly promising heavy-oil tar sand field that is expected to be densely developed at scale, with as low as 2.5 acre spacing for future wells. Through existing working interests and option agreements, the Company has the ability to take up to a 20% working interest in this project. On March 26, 2024, the Company brought the HV-3A well in the Presidents Field back into production at a previously-reported oil production rate of 30 barrels of oil per day (BOPD). This well was drilled and completed in 2018 as an exploratory well, and in 2018-2019 it was briefly production-tested, during which peak production was 154 BOPD and average production was 33 BOPD. This well is producing from 125 feet of perforations in the Yellow Zone, which is also commonly referred to as the Yellow Chert, and from an additional 125 feet of perforations in the overlying Upper Monterey Clay. The Monterey Formation is one of California’s major oil and gas producing zones. Operations at HV-3A do not require steam due to the favorable viscosity of the mid-gravity oil. TPET believes that production at HV-3A can be significantly increased over current and previous levels, for example by:,adding up to 650 feet of additional perforations in the currently-producing oil zone .opening deeper behind-pipe oil zones, portions of which are already perforated, acidizing the well for borehole cleanup other methods and operations under consideration TPET will produce and monitor the HV-3A well as currently completed and when appropriate will take steps to increase production. There are potentially up to 50 development-well locations at Presidents on 40 acre well spacing, as indicated in the Company’s reserve report as filed with the SEC. McCool Ranch Field: On February 22, 2024, the Company brought the HH-1 well at McCool Ranch back into production at a previously-reported oil production rate of 47 BOPD. The HH-1, 35X and 58X wells at McCool are now all producing with the HH-1, which started production late February, accounting for the majority of the approximate 2,100 barrels of oil that are being sold and shipped this week. As it did with the HH-1 well, The Company is currently taking steps to optimize the oil production from the 35X and 58X wells, including possibly employing cyclic steam and is also taking steps to bring the additional shut-in oil wells in this field back online.お知らせ • Apr 22Trio Petroleum Corp., Annual General Meeting, Jun 27, 2024Trio Petroleum Corp., Annual General Meeting, Jun 27, 2024.お知らせ • Apr 17Trio Petroleum Corp. announced that it has received $0.72 million in fundingTrio Petroleum Corp. announced that it has entered into a securities purchase agreement with institutional investor to issue 750,000 common shares at an issue price of $0.48 per share for gross proceeds of $360,000 and a Senior Secured Convertible Promissory Note for the gross proceeds of $360,000; aggregate gross proceeds of $720,000 on April 16, 2024. There is no interest payable on the outstanding balance of the Investor Note, unless an Event of Default has occurred, in which case interest will accrue on the outstanding balance of the Investor Note at a rate of 15% per annum until cured (the “Default Interest”). The Company may prepay all or any portion of the Investor Note at any time and must prepay the Investor Note in full from the proceeds of any debt or equity financing of the Company generating, in a single transaction or a series of related transactions, gross proceeds of not less than $1,000,000, during any time that the Investor Note remains outstanding. The maturity date of the Investor Note is August 16, 2024. The Investor Note is convertible into shares common stock of the Company (the “Conversion Shares”) at a per share conversion price of $0.25, subject to certain adjustments. The Investor Note also contains certain beneficial ownership limitations prohibiting the Investor from converting the Investor Note, if any such conversion would result in the Investor’s ownership of shares in excess of the applicable beneficial ownership limitation. The information contained above under Item 1.01, to the extent applicable, is hereby incorporated by reference herein. Based in part upon the representations of the Investor in the SPA, the offering and sale of the Investor Note and the issuance of the Commitment Shares was made in a private placement transaction exempt for registration in reliance on the exemption afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and corresponding provisions of state securities or “blue sky” laws.お知らせ • Mar 04Trio Petroleum Announces Notice of Noncompliance with NYSE American Listing StandardsTrio Petroleum Corp. announced that on February 26, 2024, it received a deficiency letter (the “Notice”) from the NYSE American LLC (the “NYSE American”) indicating that the Company is not in compliance with the continued listing standards as set in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”). Specifically, the Notice informed the Company that the NYSE American has determined that the shares of the Company's common stock have been selling for a low price per share for a substantial period of time, and pursuant to Section 1003(f)(v) of the Company Guide, the Company's continued listing is predicated on it demonstrating sustained price improvement by no later than August 26, 2024. The Company intends to begin the operations in the McCool field, which we expect to be in operation soon, and then monitor the price of its common stock and consider available options, including conducting a reverse stock split, if its common stock does not trade at a consistent level likely to result in the Company regaining compliance by August 26, 2024. The Company’s receipt of the Notice does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission.New Risk • Jan 30New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$8.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.1m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (US$6.35m market cap). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change).お知らせ • Jan 05Trio Petroleum Corp Announces the Restart of the McCool Ranch Oil FieldTrio Petroleum Corp. provided an update on the restart of the McCool Ranch Oil Field (“McCool Ranch”). On October 18, 2023, the Company announced its acquisition of an approximate 22% working interest in McCool Ranch, which is located in Monterey County seven miles north of the Company’s South Salinas Project. The Company is acquiring McCool Ranch primarily through work commitment expenditures. The restarting of McCool Ranch is currently in-progress and is proceeding favorably. The water disposal well at the field, the San Ardo WD-1 well, has been refurbished and tested and is in excellent condition, with water disposal by injection at this well able to commence as soon as needed. The testing and repairs of equipment and facilities, idle since about 2018, are well-advanced and also proceeding favorably. While there was concern that the boiler at the field -- an important piece of equipment that helps maintain the heat of produced oil at an appropriate temperature (e.g., for moving through lines and loading to trucks for delivery to market) -- might require fairly expensive repairs, the Company was able to return it to service at minimal cost and it is now up and running properly and efficiently. Oil production from the six wells collectively peaked at about 400 barrels per day before the wells were idled in 2015 due to oil prices dropping below $30 per barrel. Returning the field to production will occur in steps with the 58X-23 and the HH-1-ST2 wells being the first two of the six previously producing oil wells to be returned to production. The Company anticipates that each well will initially be produced cold (i.e., without heating with steam) and subsequently put on production using the cyclic steam method. There are three developed areas at McCool Ranch and the Company’s ownership is in the so-called Hangman Hollow Area that is relatively new and developed with four horizontal oil wells, two vertical oil wells, one water-disposal well, one freshwater well, and the capacity to drill approximately an additional 25 wells. In addition, a steam generator, boiler, three 5,000 barrel tanks, a 250 barrel test tank, water softener facilities, two fresh water tanks, two soft water tanks, in-field steam pipelines, oil pipelines and other facilities are installed at the site. The property is fully and properly permitted for oil and gas production, cyclic-steam injection and water disposal and is being restarted after having been idle since about 2015.Board Change • Oct 31High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Chairman Stan Eschner is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • Oct 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$8.70m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (US$8.70m market cap). Minor Risk Less than 3 years of financial data is available.お知らせ • Oct 19+ 1 more updateTrio Petroleum Corp. (NYSEAM:TPET) entered into an Agreement to acquire 21.918315% working interest in McCool Ranch Oil Field from Trio Petroleum Inc. for $0.5 million on October 16, 2023.Trio Petroleum Corp. (NYSEAM:TPET) entered into an Agreement to acquire 21.918315% working interest in McCool Ranch Oil Field from Trio Petroleum Inc. for $0.5 million on October 16, 2023.お知らせ • Oct 05Trio Petroleum Corp. announced that it has received $2 million in fundingTrio Petroleum Corp. announced that it has entered into a a securities purchase agreement with an institutional investor and it issued a senior secured convertible promissory note in the aggregate principal amount of $2,000,000 and a warrant to purchase up to 866,702 shares of Common Stock at an initial exercise price of $1.20 per share of Common Stock, subject to certain adjustments on October 4, 2023. The note is initially convertible into shares of common stock at conversion price of $1.20, subject to certain adjustments, provided that the conversion price shall not be reduced below $0.35. The note does not bear any interest and matures on April 4, 2025. The interest shall accrue on the Note at a rate equal to 10% per annum or, if less, the highest amount permitted by law.お知らせ • Sep 22Trio Petroleum Corp Provides Update on Testing of the HV-1 Discovery WellTrio Petroleum Corp. provided an update on the testing of the HV-1 discovery well at the Company's South Salinas Project. The Brown Zone (aka Brown Chert) in the HV-1 well was perforated on September 7 with 350 feet of perforations across a gross interval from 5,465 to 5,850 feet measured depth and then acidized for borehole clean-up. The well was then tested by swabbing for seven days during the September 8-18 timeframe. A pumping unit is now being installed at the HV-1 well for further testing of the Brown Zone and temporary tanks and other facilities are also being installed at the well site. Results of pumping will be announced when available. The Brown Zone in the HV-1 Well is mechanically isolated from the deeper Mid-Monterey Clay zone that previously tested with results previously announced. Swab testing to-date suggests that the Brown Zone and the Mid-Monterey Clay collectively, if commingled, might deliver approximately 145 barrels of oil per day (BOPD), with potentially significantly higher oil production rates when the well is on pump.お知らせ • Aug 24Trio Petroleum Corp Announces Selection of the Monterey Formation Brown Zone as the Second Test Interval At Its HV-1 Discovery WellTrio Petroleum Corp. announced that the second test interval at the HV-1 discovery well of the South Salinas Project will be the Brown Zone, of the Miocene Age Monterey Formation. The Brown Zone (aka Brown Chert) and the overlying Yellow Zone (aka Yellow Chert) are the primary reservoir objectives of the HV-1 well and both are attributed oil and gas reserves in the Company’s Reserve Report as filed with the SEC. The first test interval, the Mid-Monterey Clay, is a deeper stratigraphic interval (i.e., below the Brown Chert) that is not attributed oil and/or gas reserves in the Company’s Reserve Report but which, nevertheless, and importantly, appears to potentially be capable of commercial oil and gas production at the HV-1 well. Thus, the Brown-Zone test will be the first test in the HV-1 well of the Company’s reserves as delineated in the Company’s Reserve Report as filed with the SEC. The current plan is to perforate and acidize (for borehole clean-up) approximately 350 feet of the Brown Zone in an interval from approximately 5,465 to 5,850 feet measured depth and to then test the well via swabbing operations. Operations may commence during the week of August 28, with initial production results estimated one or two weeks thereafter. The Company believes the Yellow Zone to be the best oil and gas reservoir target in the HV-1 well. It will be tested shortly after the test of the Brown Zone, unless the underlying Brown Zone, and/or the Brown Zone commingled with the Mid-Monterey Clay, is put on production, in which case the test of the Yellow Zone will be put on-hold until an appropriate time.New Risk • Jun 16New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.5m free cash flow). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$31.0m market cap).株主還元TPETUS Oil and GasUS 市場7D-11.4%-0.6%1.0%1Y-69.0%37.4%28.7%株主還元を見る業界別リターン: TPET過去 1 年間で37.4 % の収益を上げたUS Oil and Gas業界を下回りました。リターン対市場: TPETは、過去 1 年間で28.7 % のリターンを上げたUS市場を下回りました。価格変動Is TPET's price volatile compared to industry and market?TPET volatilityTPET Average Weekly Movement62.0%Oil and Gas Industry Average Movement6.1%Market Average Movement7.2%10% most volatile stocks in US Market16.4%10% least volatile stocks in US Market3.1%安定した株価: TPETの株価は、 US市場と比較して過去 3 か月間で変動しています。時間の経過による変動: TPETの 週次ボラティリティ は、過去 1 年間で33%から62%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト20211Robin Rosstrio-petroleum.comTrio Petroleum Corp.は石油・ガスの探鉱・開発会社である。同社の主要資産は、カリフォルニア州モントレーに位置する約9,300エーカーからなる82.75%の権益を所有するサウス・サリナス・プロジェクトである。Trio Petroleum Corp.は2021年に設立され、カリフォルニア州マリブに本社を置いている。もっと見るTrio Petroleum Corp. 基礎のまとめTrio Petroleum の収益と売上を時価総額と比較するとどうか。TPET 基礎統計学時価総額US$12.47m収益（TTM）-US$6.68m売上高(TTM)US$510.11k23.2xP/Sレシオ-1.8xPER（株価収益率TPET は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計TPET 損益計算書（TTM）収益US$510.11k売上原価US$244.13k売上総利益US$265.98kその他の費用US$6.95m収益-US$6.68m直近の収益報告Jan 31, 2026次回決算日該当なし一株当たり利益（EPS）-0.21グロス・マージン52.14%純利益率-1,309.38%有利子負債／自己資本比率1.4%TPET の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 05:37終値2026/05/22 00:00収益2026/01/31年間収益2025/10/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Trio Petroleum Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Mar 26Trio Petroleum Corp., Annual General Meeting, May 21, 2026Trio Petroleum Corp., Annual General Meeting, May 21, 2026.
Reported Earnings • Mar 19First quarter 2026 earnings released: US$0.096 loss per share (vs US$0.33 loss in 1Q 2025)First quarter 2026 results: US$0.096 loss per share (improved from US$0.33 loss in 1Q 2025). Net loss: US$1.01m (loss narrowed 37% from 1Q 2025).
New Risk • Mar 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 51% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (83% increase in shares outstanding). Revenue is less than US$1m (US$399k revenue). Market cap is less than US$10m (US$5.17m market cap).
お知らせ • Jan 22Trio Petroleum Corp. Auditor Raises 'Going Concern' DoubtTrio Petroleum Corp. filed its 10-K on Jan 20, 2026 for the period ending Oct 31, 2025. In this report its auditor, Bush & Associates CPA, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
お知らせ • Jan 10Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $3.6 million.Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $3.6 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
お知らせ • Aug 07+ 1 more updateTrio Petroleum Corp Provides an Operational Update on Its Current Oil and Gas Assets, by FieldTrio Petroleum Corp. provided an operational update on each of its current oil and gas assets, by field. Lloydminster, SaskatchewanProduction has stabilized between 60 and 70 BOPD at the recently acquired fields from Novacor.Wells produce heavy crude oil with low operational costs from the McLaren/Sparky and Lloydminster formation and is home to some of the largest players in the industry such as Cenovus Energy, Canadian Natural Resources, Baytex Energy, and Rife Resources. Potential for four additional re-entry wells and two fully equipped locations to be reactivated each capable of an additional 70 barrels in total per day. Novacor Exploration Ltd. (the operator) has identified further potential upside through multi-lateral drill opportunities. The multilateral drill opportunity is in section 19-47-26w3 owned by Trio and is capable of 200 to 300bpd per Doug Forrest, president of Novacor. The Company is currently reviewing accretive opportunities in the area which can generate immediate cash flow.Presidents Field, South Salinas Project, Monterey, CaliforniaCalifornia Geologic Energy Management Division's (CalGEM) review of Bradley Water Disposal Project Application has been given a higher priority. The objective is to obtain approval to utilize the Bradley minerals 1-2 well (drilled in 2005) for the disposal of produced water which, believe, would result in reduced water disposal costs from approximately $10/barrel to less than $1/barrel once the field is in production. South Salinas Project (9,300 acres) has the potential to be significant, with, an estimated 40 million barrels of oil plus 42 billion cubic feet of gas, or 47 million barrels of oil equivalent in Probable (P2). Undeveloped reserves and an approximate 101 million barrels of oil plus 169 billion cubic feet of gas, or 129 million barrels of oil equivalent in Possible (P3) Undeveloped reserves. Trio's Total Probable (P2) undiscounted net cash flow is an estimated approximate $2.1 billion, and Trio's Total Possible (P3) undiscounted net cash flow is an estimated approximate $7.9 billionDue to the size and cost of developing this project, Trio is talking to potential joint venture partners. PR Spring, Uintah, UtahTesting continues with downhole heaters to be followed by chemical squeeze at nearby Asphalt Ridge's two test wells to determine the most economical oil extraction process. Asphalt Ridge is located in the same Uintah Basin as PR Spring with similar geology and formations.PR Spring is known to be located in one of the largest tar-sand deposits in North America outside of Canada, and establishing first-oil at this project is of utmost significance to the Company.Trio has an option to acquire 2000 acres.Contains an estimated 6.75 billion barrels or OOIP within the Uintah basin boundary.Ultimate recovery of 300,000 barrels of oil per well.2000 acre parcel will support up to 1000 wells.Potential to provide upwards of 50,000 barrels a day when fully developed with approximate 20-year life.Initial total drilling and completion cost of less than $800,000 per well and declining with scale.Trio's obligation is subject to the two test wells previously drilled at Asphalt Ridge producing 80 BOPD combined for 30 consecutive days.
お知らせ • Mar 26Trio Petroleum Corp., Annual General Meeting, May 21, 2026Trio Petroleum Corp., Annual General Meeting, May 21, 2026.
Reported Earnings • Mar 19First quarter 2026 earnings released: US$0.096 loss per share (vs US$0.33 loss in 1Q 2025)First quarter 2026 results: US$0.096 loss per share (improved from US$0.33 loss in 1Q 2025). Net loss: US$1.01m (loss narrowed 37% from 1Q 2025).
New Risk • Mar 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 51% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (83% increase in shares outstanding). Revenue is less than US$1m (US$399k revenue). Market cap is less than US$10m (US$5.17m market cap).
お知らせ • Jan 22Trio Petroleum Corp. Auditor Raises 'Going Concern' DoubtTrio Petroleum Corp. filed its 10-K on Jan 20, 2026 for the period ending Oct 31, 2025. In this report its auditor, Bush & Associates CPA, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
お知らせ • Jan 10Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $3.6 million.Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $3.6 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
お知らせ • Aug 07+ 1 more updateTrio Petroleum Corp Provides an Operational Update on Its Current Oil and Gas Assets, by FieldTrio Petroleum Corp. provided an operational update on each of its current oil and gas assets, by field. Lloydminster, SaskatchewanProduction has stabilized between 60 and 70 BOPD at the recently acquired fields from Novacor.Wells produce heavy crude oil with low operational costs from the McLaren/Sparky and Lloydminster formation and is home to some of the largest players in the industry such as Cenovus Energy, Canadian Natural Resources, Baytex Energy, and Rife Resources. Potential for four additional re-entry wells and two fully equipped locations to be reactivated each capable of an additional 70 barrels in total per day. Novacor Exploration Ltd. (the operator) has identified further potential upside through multi-lateral drill opportunities. The multilateral drill opportunity is in section 19-47-26w3 owned by Trio and is capable of 200 to 300bpd per Doug Forrest, president of Novacor. The Company is currently reviewing accretive opportunities in the area which can generate immediate cash flow.Presidents Field, South Salinas Project, Monterey, CaliforniaCalifornia Geologic Energy Management Division's (CalGEM) review of Bradley Water Disposal Project Application has been given a higher priority. The objective is to obtain approval to utilize the Bradley minerals 1-2 well (drilled in 2005) for the disposal of produced water which, believe, would result in reduced water disposal costs from approximately $10/barrel to less than $1/barrel once the field is in production. South Salinas Project (9,300 acres) has the potential to be significant, with, an estimated 40 million barrels of oil plus 42 billion cubic feet of gas, or 47 million barrels of oil equivalent in Probable (P2). Undeveloped reserves and an approximate 101 million barrels of oil plus 169 billion cubic feet of gas, or 129 million barrels of oil equivalent in Possible (P3) Undeveloped reserves. Trio's Total Probable (P2) undiscounted net cash flow is an estimated approximate $2.1 billion, and Trio's Total Possible (P3) undiscounted net cash flow is an estimated approximate $7.9 billionDue to the size and cost of developing this project, Trio is talking to potential joint venture partners. PR Spring, Uintah, UtahTesting continues with downhole heaters to be followed by chemical squeeze at nearby Asphalt Ridge's two test wells to determine the most economical oil extraction process. Asphalt Ridge is located in the same Uintah Basin as PR Spring with similar geology and formations.PR Spring is known to be located in one of the largest tar-sand deposits in North America outside of Canada, and establishing first-oil at this project is of utmost significance to the Company.Trio has an option to acquire 2000 acres.Contains an estimated 6.75 billion barrels or OOIP within the Uintah basin boundary.Ultimate recovery of 300,000 barrels of oil per well.2000 acre parcel will support up to 1000 wells.Potential to provide upwards of 50,000 barrels a day when fully developed with approximate 20-year life.Initial total drilling and completion cost of less than $800,000 per well and declining with scale.Trio's obligation is subject to the two test wells previously drilled at Asphalt Ridge producing 80 BOPD combined for 30 consecutive days.
お知らせ • Jun 04Trio Petroleum Corp., Annual General Meeting, Jul 30, 2025Trio Petroleum Corp., Annual General Meeting, Jul 30, 2025.
お知らせ • May 24Trio Petroleum Corp. to Suspend Operations At McCool RanchTrio Petroleum Corp. decided to suspend operations at McCool Ranch and will terminate its efforts to acquire a working interest in the project. The company made this determination, because, under previously negotiated terms, natural gas prices and water disposal costs, particularly in California, where McCool Ranch is located, makes it cost prohibitive for the Company to employ cyclic-steam operations to increase production and will not be economically feasible in the long run. The Company has decided to focus its efforts on other sites which it believes will be more economically feasible, and hopefully generate greater profits for the Company.
お知らせ • May 21Trio Petroleum Corp. (NYSEAM:TPET) signed a non-binding letter of intent to acquire Certain Oil and Gas Assets of Heavy Sweet Oil LLC for $2.8 million.Trio Petroleum Corp. (NYSEAM:TPET) signed a non-binding letter of intent to acquire Certain Oil and Gas Assets of Heavy Sweet Oil LLC for $2.8 million on May 15, 2025. Under the terms of the acquisition, Trio Petroleum Corp. paid a non-refundable payment of $0.15 million to Heavy Sweet Oil (HSO) upon the execution of the letter of intent, and will issue to HSO 1,492,272 restricted shares of Trio’s common stock and will pay to HSO $0.85 million in cash upon entering into a definitive agreement. Entering into a definitive agreement is subject to delivery of evidence of a minimum sustained production rate of 40 barrels per day for a continuous 30-day period from each of the two wells operated by Trio at the Asphalt Ridge site. Additionally, the transaction is subject to the approval of governing bodies of each of the Trio and HSO, including the board of directors of the Trio.
お知らせ • Apr 10Trio Petroleum Corp. (NYSEAM:TPET) completed the acquisition of Certain petroleum and natural gas properties from Novacor Exploration Ltd.Trio Petroleum Corp. (NYSEAM:TPET) entered into a non-binding Letter of Intent to acquire Certain petroleum and natural gas properties from Novacor Exploration Ltd. for CAD 2 million on December 18, 2024. The stated purchase price of the Acquisition is CAD 2 million in the combination of (approximately $1.4 million based on current exchange rates) payable CAD 0.93 million in cash and the remainder in shares of common stock of Trio, which we would agree to use our commercially reasonable efforts to register for resale in a registration statement filed with the United States Securities and Exchange Commission. Unless extended by the mutual agreement of the parties, the Letter of Intent will terminate on the earlier of (i) the mutual agreement of Novacor and Trio, (ii) the execution of definitive acquisition documents or (iii) on February 15, 2025. As of March 5, 2025, Trio and Novacor mutually agreed to extend the execution of definitive acquisition documents to March 15, 2025. Trio Petroleum Corp. (NYSEAM:TPET) completed the acquisition of Certain petroleum and natural gas properties from Novacor Exploration Ltd. on April 10, 2025.
お知らせ • Jan 09Trio Petroleum Corp. Announces Executive TerminationsOn December 31, 2024, the employment agreements of both Terence B. Eschner and Steven Rowlee with Trio Petroleum Corp. (the “Company”) both terminated by their terms and their positions as President and Chief Operating Officer, respectively, of the Company, were formally terminated by the Board as of January 2, 2025.
お知らせ • Dec 20Trio Petroleum Corp. (NYSEAM:TPET) entered into a non-binding Letter of Intent to acquire Certain petroleum and natural gas properties from Novacor Exploration Ltd for $1.4 million.Trio Petroleum Corp. (NYSEAM:TPET) entered into a non-binding Letter of Intent to acquire Certain petroleum and natural gas properties from Novacor Exploration Ltd. for $1.4 million on December 19, 2024. The stated purchase price of the Acquisition is CAD2 million in the combination of (approximately US$1.4 million based on current exchange rates) payable US$650,000 in cash and the remainder in shares of common stock of Trio, which we would agree to use our commercially reasonable efforts to register for resale in a registration statement filed with the United States Securities and Exchange Commission. Unless extended by the mutual agreement of the parties, the Letter of Intent will terminate on the earlier of (i) the mutual agreement of Novacor and Trio, (ii) the execution of definitive acquisition documents or (iii) on February 15, 2025.
お知らせ • Nov 26Trio Petroleum Corp Provides Updates on Its Asphalt Ridge Project in Uintah CountyTrio Petroleum Corp. provided updates on its Asphalt Ridge Project in Uintah County, Utah. TPET announced on January 5, 2024, that it had secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. Company announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190’of oil-pay in HSO 2-4 and over 100’ of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. On September 12, 2024, Company announced first oil production from the HSO 2-4 well. This encouraging oil production continues to-date. The HSO 8-4 is scheduled to receive a new downhole heater in early December and should commence oil production shortly thereafter. Engineering for a further six wells has been completed and permits are expected shortly TPET currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. TPET has secured an Option extension and now has until February 10, 2025, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. TPET has until the earlier of the successful drilling and completion of 50 new wells, or November 10, 2025, to exercise its option on the adjacent 1,920 acres. The Asphalt Ridge Project is known to be one of the largest heavy-oil and tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both immense and highly profitable. A typical project well has an estimated ultimate recovery (“EUR”) of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day.
お知らせ • Nov 07Trio Petroleum Corp. Provides Non-Compliance UpdateAs previously disclosed on the Form 8-K filed by Trio Petroleum Corp. (the Company") with the Securities and Exchange Commission on November 4, 2024, the Company intends to file with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the Certificate of Amendment") on November 14, 2024 to effect a reverse stock split at a ratio of one-for-twenty (1:20) (the Reverse Stock Split"), where every twenty shares of the common stock of the Company, par value $0.0001 per share (Common Stock"), will combine into one share of Common Stock following the Reverse Stock Split. The Reverse Stock Split will become effective as of 4:30 p.m., Eastern Time, on November 14, 2024, and the Common Stock will begin trading on a split-adjusted basis when the market opens on November 15, 2024. The Reverse Stock Split was approved by the Company's stockholders at the annual meeting of stockholders on August 15, 2024, and was approved by the board of directors of the Company on October 23, 2024. On November 5, 2024, the Company received notice from NYSE American that NYSE American had halted trading in the shares of the Common Stock until the effectiveness of the Reverse Stock Split because the Common Stock was consistently selling at a low selling price per share in violation of Section 1003(f)(v) of the NYSE American Company Guide. NYSE American informed the Company that it will attempt to reopen trading in the Common Stock on November 15, 2024, which is when the Common Stock is expected to begin trading on a post-split basis, provided that NYSE American no longer deems the selling price of the Common Stock to be too low.
お知らせ • Oct 23Trio Petroleum Corp. Appoints James Blake to its Board of DirectorsTrio Petroleum Corp. announced the appointment of James Blake to its Board of Directors. James brings with him 30 years of experience in the financial industry and holds a Bachelor of Commerce degree from the University of Alberta. He is also a Chartered Financial Analyst (CFA), with a distinguished career, having recently retired from a major Canadian bank where he managed over $750 million in assets as a portfolio manager. His expertise in financial markets, investment strategies, and risk management will be an invaluable asset to Trio Petroleum. In addition to his extensive financial experience, James has been deeply involved in the startup ecosystem, both as an investor and in raising capital for early-stage companies across various sectors. His capacity to identify high-potential ventures, coupled with his financial acumen, equips him with a diverse perspective that will benefit Trio as the company looks to strengthen its position in the energy market. James Blakes wealth of knowledge in financial management and his entrepreneurial insights align perfectly with Trios strategic goals for growth and innovation, said Robin Ross, Chairman of the Board and CEO of Trio Petroleum Corp. His leadership and experience will be instrumental in supporting the company's drive for sustainable growth, operational efficiency, and long-term shareholder value.
お知らせ • Sep 28Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $4.8 million.Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $4.8 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
お知らせ • Aug 08+ 1 more updateTrio Petroleum Corp. Provides Update on Asphalt Ridge Project, UtahTrio Petroleum Corp. provided updates on its Asphalt Ridge Project in Uintah County, Utah. Trio announced on January 5, 2024, that it had secured an option (the "Option") to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. The company announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190'of oil-pay in HSO 2-4 and over 100' of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. Initial test results at the HSO 2-4 Well have since been encouraging, with mobile oil resulting from the heat generated by the downhole-heater, and the HSO 2-4 completion has recently been upgraded with a more- powerful downhole-heater. The upgraded heater has capacity to heat the hole and the oil to approximately 300deg Fahrenheit versus the replaced heater that could only achieve approximately 150deg Fahrenheit - this additional heat may significantly improve oil production at the well. This August-September 2024, the Company expects oil production to commence, and also to drill and complete one additional new well. The company currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. Trio has secured a two-month Option extension and now has until October 10, 2024, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. The Asphalt Ridge Project is known to be one of the largest tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both immense and highly profitable. A typical project well has an estimated ultimate recovery ("EUR") of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day.
お知らせ • Jul 17Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $10 million.Trio Petroleum Corp. has filed a Follow-on Equity Offering in the amount of $10 million. Security Name: COMMON STOCK Security Type: Common Stock Securities Offered: 35,460,993 Price\Range: $0.282 Discount Per Security: $0.02115
お知らせ • Jul 16+ 1 more updateTrio Petroleum Corp. Announces Resignation of Michael L. Peterson as Member of the BoardTrio Petroleum Corp. announced on July 9, 2024, Michael L. Peterson delivered to the Board of Directors of the company a notice of his resignation as the member of the Board, effective on July 11, 2024.
お知らせ • Jun 20Trio Petroleum Corp. Announces Board ChangesTrio Petroleum Corp. announced Trio co-founder and former board member Robin Ross has returned to the Company’s board of directors as Chairman as of June 17, 2024. As part of the transition, Trio’s Current Chairman and co-founder Stan Eschner has become Vice Chairman of the Board and former CEO Frank Ingriselli, who has been serving as Vice Chairman, has resigned as a director, also effective as of June 17, 2024.
お知らせ • May 07Trio Petroleum Regains NYSE Listing ComplianceTrio Petroleum Corp. announced that on May 1, 2024, New York Stock Exchange Regulation department provided formal written notice to the Company that it had regained compliance with the NYSE American continuing listing standards as set in Part 10 of the NYSE American Company Guide. “This is a very positive development for the Company,” commented Michael Peterson, CEO of Trio. “Our Company has recently executed on several important milestones in our operations since I assumed the position of Chief Executive Officer in February. First, we relaunched operations on multiple oil producing leases we own in California in February and March. Second, we have begun selling our produced oil at commercially marketable scale in April.” “Most importantly, we currently have a drilling rig on location at our Asphalt Ridge project in northeastern Utah. We potentially stand to unlock significant shareholder value in the immediate term, and regaining NYSE American listing compliance should help shift investor focus back onto our positive business activities instead of listing compliance. We look forward to sharing additional updates on our operations in California and Utah in the coming weeks, concluded Mr. Peterson”.
お知らせ • Apr 26Trio Petroleum Corp. announced that it has received $0.36 million in fundingTrio Petroleum Corp. announced that it has entered into a amended and restated securities purchase agreement with institutional investor to issue 750,000 and a Senior Secured Convertible Promissory Note at a principal amount of $400,000 having an original issue discount of $40,000, or 10% for the gross proceeds of $360,000; aggregate gross proceeds of $360,000 on April 24, 2024. There is no interest payable on the outstanding balance of the Investor Note, unless an Event of Default has occurred, in which case interest will accrue on the outstanding balance of the Investor Note at a rate of 15% per annum until cured (the “Default Interest”). The Company may prepay all or any portion of the Investor Note at any time and must prepay the Investor Note in full from the proceeds of any debt or equity financing of the Company generating, in a single transaction or a series of related transactions, gross proceeds of not less than $1,000,000, during any time that the Investor Note remains outstanding. The maturity date of the Investor Note is August 16, 2024. The Investor Note is convertible into shares common stock of the Company (the “Conversion Shares”) at a per share conversion price of $0.25, subject to certain adjustments. The Investor Note also contains certain beneficial ownership limitations prohibiting the Investor from converting the Investor Note, if any such conversion would result in the Investor’s ownership of shares in excess of the applicable beneficial ownership limitation. The information contained above under Item 1.01, to the extent applicable, is hereby incorporated by reference herein. Based in part upon the representations of the Investor in the SPA, the offering and sale of the Investor Note and the issuance of the Commitment Shares was made in a private placement transaction exempt for registration in reliance on the exemption afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and corresponding provisions of state securities or “blue sky” laws. The Company and the Purchasers are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded by the provisions of Section 4(a)(2) or Section 4(a)(6) of the Securities Act (as defined below), and/or Regulation D promulgated thereunder.
お知らせ • Apr 24Trio Petroleum Corp. Provides Updates on its Petroleum Assets in Monterey County, California, and Uintah County, UtahTrio Petroleum Corp. provided updates on its petroleum assets in Monterey County, California, and Uintah County, Utah. The Company also announced the commencement of drilling activities on the Asphalt Ridge project in Uintah County, UT. A rig is scheduled to be on site this Sunday, and to drill and complete the Company’s first well on this asset in the next two weeks. Drilling results are expected to be readily available shortly after the well is drilled to a total estimated depth of 1,200 feet. The project targets a highly promising heavy-oil tar sand field that is expected to be densely developed at scale, with as low as 2.5 acre spacing for future wells. Through existing working interests and option agreements, the Company has the ability to take up to a 20% working interest in this project. On March 26, 2024, the Company brought the HV-3A well in the Presidents Field back into production at a previously-reported oil production rate of 30 barrels of oil per day (BOPD). This well was drilled and completed in 2018 as an exploratory well, and in 2018-2019 it was briefly production-tested, during which peak production was 154 BOPD and average production was 33 BOPD. This well is producing from 125 feet of perforations in the Yellow Zone, which is also commonly referred to as the Yellow Chert, and from an additional 125 feet of perforations in the overlying Upper Monterey Clay. The Monterey Formation is one of California’s major oil and gas producing zones. Operations at HV-3A do not require steam due to the favorable viscosity of the mid-gravity oil. TPET believes that production at HV-3A can be significantly increased over current and previous levels, for example by:,adding up to 650 feet of additional perforations in the currently-producing oil zone .opening deeper behind-pipe oil zones, portions of which are already perforated, acidizing the well for borehole cleanup other methods and operations under consideration TPET will produce and monitor the HV-3A well as currently completed and when appropriate will take steps to increase production. There are potentially up to 50 development-well locations at Presidents on 40 acre well spacing, as indicated in the Company’s reserve report as filed with the SEC. McCool Ranch Field: On February 22, 2024, the Company brought the HH-1 well at McCool Ranch back into production at a previously-reported oil production rate of 47 BOPD. The HH-1, 35X and 58X wells at McCool are now all producing with the HH-1, which started production late February, accounting for the majority of the approximate 2,100 barrels of oil that are being sold and shipped this week. As it did with the HH-1 well, The Company is currently taking steps to optimize the oil production from the 35X and 58X wells, including possibly employing cyclic steam and is also taking steps to bring the additional shut-in oil wells in this field back online.
お知らせ • Apr 22Trio Petroleum Corp., Annual General Meeting, Jun 27, 2024Trio Petroleum Corp., Annual General Meeting, Jun 27, 2024.
お知らせ • Apr 17Trio Petroleum Corp. announced that it has received $0.72 million in fundingTrio Petroleum Corp. announced that it has entered into a securities purchase agreement with institutional investor to issue 750,000 common shares at an issue price of $0.48 per share for gross proceeds of $360,000 and a Senior Secured Convertible Promissory Note for the gross proceeds of $360,000; aggregate gross proceeds of $720,000 on April 16, 2024. There is no interest payable on the outstanding balance of the Investor Note, unless an Event of Default has occurred, in which case interest will accrue on the outstanding balance of the Investor Note at a rate of 15% per annum until cured (the “Default Interest”). The Company may prepay all or any portion of the Investor Note at any time and must prepay the Investor Note in full from the proceeds of any debt or equity financing of the Company generating, in a single transaction or a series of related transactions, gross proceeds of not less than $1,000,000, during any time that the Investor Note remains outstanding. The maturity date of the Investor Note is August 16, 2024. The Investor Note is convertible into shares common stock of the Company (the “Conversion Shares”) at a per share conversion price of $0.25, subject to certain adjustments. The Investor Note also contains certain beneficial ownership limitations prohibiting the Investor from converting the Investor Note, if any such conversion would result in the Investor’s ownership of shares in excess of the applicable beneficial ownership limitation. The information contained above under Item 1.01, to the extent applicable, is hereby incorporated by reference herein. Based in part upon the representations of the Investor in the SPA, the offering and sale of the Investor Note and the issuance of the Commitment Shares was made in a private placement transaction exempt for registration in reliance on the exemption afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and corresponding provisions of state securities or “blue sky” laws.
お知らせ • Mar 04Trio Petroleum Announces Notice of Noncompliance with NYSE American Listing StandardsTrio Petroleum Corp. announced that on February 26, 2024, it received a deficiency letter (the “Notice”) from the NYSE American LLC (the “NYSE American”) indicating that the Company is not in compliance with the continued listing standards as set in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”). Specifically, the Notice informed the Company that the NYSE American has determined that the shares of the Company's common stock have been selling for a low price per share for a substantial period of time, and pursuant to Section 1003(f)(v) of the Company Guide, the Company's continued listing is predicated on it demonstrating sustained price improvement by no later than August 26, 2024. The Company intends to begin the operations in the McCool field, which we expect to be in operation soon, and then monitor the price of its common stock and consider available options, including conducting a reverse stock split, if its common stock does not trade at a consistent level likely to result in the Company regaining compliance by August 26, 2024. The Company’s receipt of the Notice does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission.
New Risk • Jan 30New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$8.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.1m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (US$6.35m market cap). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change).
お知らせ • Jan 05Trio Petroleum Corp Announces the Restart of the McCool Ranch Oil FieldTrio Petroleum Corp. provided an update on the restart of the McCool Ranch Oil Field (“McCool Ranch”). On October 18, 2023, the Company announced its acquisition of an approximate 22% working interest in McCool Ranch, which is located in Monterey County seven miles north of the Company’s South Salinas Project. The Company is acquiring McCool Ranch primarily through work commitment expenditures. The restarting of McCool Ranch is currently in-progress and is proceeding favorably. The water disposal well at the field, the San Ardo WD-1 well, has been refurbished and tested and is in excellent condition, with water disposal by injection at this well able to commence as soon as needed. The testing and repairs of equipment and facilities, idle since about 2018, are well-advanced and also proceeding favorably. While there was concern that the boiler at the field -- an important piece of equipment that helps maintain the heat of produced oil at an appropriate temperature (e.g., for moving through lines and loading to trucks for delivery to market) -- might require fairly expensive repairs, the Company was able to return it to service at minimal cost and it is now up and running properly and efficiently. Oil production from the six wells collectively peaked at about 400 barrels per day before the wells were idled in 2015 due to oil prices dropping below $30 per barrel. Returning the field to production will occur in steps with the 58X-23 and the HH-1-ST2 wells being the first two of the six previously producing oil wells to be returned to production. The Company anticipates that each well will initially be produced cold (i.e., without heating with steam) and subsequently put on production using the cyclic steam method. There are three developed areas at McCool Ranch and the Company’s ownership is in the so-called Hangman Hollow Area that is relatively new and developed with four horizontal oil wells, two vertical oil wells, one water-disposal well, one freshwater well, and the capacity to drill approximately an additional 25 wells. In addition, a steam generator, boiler, three 5,000 barrel tanks, a 250 barrel test tank, water softener facilities, two fresh water tanks, two soft water tanks, in-field steam pipelines, oil pipelines and other facilities are installed at the site. The property is fully and properly permitted for oil and gas production, cyclic-steam injection and water disposal and is being restarted after having been idle since about 2015.
Board Change • Oct 31High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Chairman Stan Eschner is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • Oct 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$8.70m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (US$8.70m market cap). Minor Risk Less than 3 years of financial data is available.
お知らせ • Oct 19+ 1 more updateTrio Petroleum Corp. (NYSEAM:TPET) entered into an Agreement to acquire 21.918315% working interest in McCool Ranch Oil Field from Trio Petroleum Inc. for $0.5 million on October 16, 2023.Trio Petroleum Corp. (NYSEAM:TPET) entered into an Agreement to acquire 21.918315% working interest in McCool Ranch Oil Field from Trio Petroleum Inc. for $0.5 million on October 16, 2023.
お知らせ • Oct 05Trio Petroleum Corp. announced that it has received $2 million in fundingTrio Petroleum Corp. announced that it has entered into a a securities purchase agreement with an institutional investor and it issued a senior secured convertible promissory note in the aggregate principal amount of $2,000,000 and a warrant to purchase up to 866,702 shares of Common Stock at an initial exercise price of $1.20 per share of Common Stock, subject to certain adjustments on October 4, 2023. The note is initially convertible into shares of common stock at conversion price of $1.20, subject to certain adjustments, provided that the conversion price shall not be reduced below $0.35. The note does not bear any interest and matures on April 4, 2025. The interest shall accrue on the Note at a rate equal to 10% per annum or, if less, the highest amount permitted by law.
お知らせ • Sep 22Trio Petroleum Corp Provides Update on Testing of the HV-1 Discovery WellTrio Petroleum Corp. provided an update on the testing of the HV-1 discovery well at the Company's South Salinas Project. The Brown Zone (aka Brown Chert) in the HV-1 well was perforated on September 7 with 350 feet of perforations across a gross interval from 5,465 to 5,850 feet measured depth and then acidized for borehole clean-up. The well was then tested by swabbing for seven days during the September 8-18 timeframe. A pumping unit is now being installed at the HV-1 well for further testing of the Brown Zone and temporary tanks and other facilities are also being installed at the well site. Results of pumping will be announced when available. The Brown Zone in the HV-1 Well is mechanically isolated from the deeper Mid-Monterey Clay zone that previously tested with results previously announced. Swab testing to-date suggests that the Brown Zone and the Mid-Monterey Clay collectively, if commingled, might deliver approximately 145 barrels of oil per day (BOPD), with potentially significantly higher oil production rates when the well is on pump.
お知らせ • Aug 24Trio Petroleum Corp Announces Selection of the Monterey Formation Brown Zone as the Second Test Interval At Its HV-1 Discovery WellTrio Petroleum Corp. announced that the second test interval at the HV-1 discovery well of the South Salinas Project will be the Brown Zone, of the Miocene Age Monterey Formation. The Brown Zone (aka Brown Chert) and the overlying Yellow Zone (aka Yellow Chert) are the primary reservoir objectives of the HV-1 well and both are attributed oil and gas reserves in the Company’s Reserve Report as filed with the SEC. The first test interval, the Mid-Monterey Clay, is a deeper stratigraphic interval (i.e., below the Brown Chert) that is not attributed oil and/or gas reserves in the Company’s Reserve Report but which, nevertheless, and importantly, appears to potentially be capable of commercial oil and gas production at the HV-1 well. Thus, the Brown-Zone test will be the first test in the HV-1 well of the Company’s reserves as delineated in the Company’s Reserve Report as filed with the SEC. The current plan is to perforate and acidize (for borehole clean-up) approximately 350 feet of the Brown Zone in an interval from approximately 5,465 to 5,850 feet measured depth and to then test the well via swabbing operations. Operations may commence during the week of August 28, with initial production results estimated one or two weeks thereafter. The Company believes the Yellow Zone to be the best oil and gas reservoir target in the HV-1 well. It will be tested shortly after the test of the Brown Zone, unless the underlying Brown Zone, and/or the Brown Zone commingled with the Mid-Monterey Clay, is put on production, in which case the test of the Yellow Zone will be put on-hold until an appropriate time.
New Risk • Jun 16New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.5m free cash flow). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$31.0m market cap).
