TPET Provides Monterey County Oil Producing Assets Operational Update
DENVER, Colo., Apr 11, 2024 (247marketnews.com)- Trio Petroleum Corp (NYSE:TPET) provided an update on its Monterey County, California oil producing assets, including at the Presidents Field of the South Salinas Project and at the McCool Ranch Field, which are producing 75 barrels per day.
“We are pleased to provide this operational update on our two oil producing assets in Monterey County,” commented Michael Peterson, CEO of Trio Petroleum. “The Company currently operates two highly promising, proven petroleum assets in Monterey County in the Presidents Field and the McCool Ranch, and we are very encouraged by our recent operational results at both fields.”
“Bringing these wells back online and taking the necessary steps to permit permanent production sets the stage for an expanded drilling program in these fields. We correctly identified these assets from a geological perspective, we drilled successful multiple test wells. Now we want to take the logical next steps in extracting value from these assets.”
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