Trio Petroleum Corp. provided an operational update on October 15, 2024, detailing activities across its McCool Ranch Field, Presidents Field (South Salinas Project), and Asphalt Ridge assets. The company highlighted its commitment to developing its controlled projects and increasing daily oil and gas production.
Robin Ross, CEO of Trio, stated that the company has three scalable projects and that a top priority is to develop these assets and grow the business. The update indicates a focus on demonstrating the potential of the company in the coming months.
Trio Petroleum Corp. holds an 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, a 21.92% working interest in 800 acres in the McCool Ranch Field, and a 2.25% working interest in 960 acres at Asphalt Ridge, with options for additional interests.
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