Trio Petroleum Commences Oil Sales from McCool Ranch Field

DENVER, Colo., Apr 24, 2024 (247marketnews.com)- Trio Petroleum Corp (NYSE:TPET) said that it will make its first sale and shipment of oil produced at the McCool Ranch Field in Monterey County, California, this week, as it plans to ship approximately 2,100 barrels of oil that were produced primarily from the HH-1 well, which it brought back online in late February of 2024. TPET expects to net approximately $105,000 from this sale.

Additionally, TPET is commencing drilling activities on the Asphalt Ridge project in Uintah County, UT and complete the Company’s first well on this asset in the next two weeks.

“These are positive next milestones for our Company,” stated Michael Peterson, CEO of Trio Petroleum Corp. “It is very encouraging to see these next steps happen in the transition from the exploration and de-risking of these promising oil and gas assets into potentially scalable cash-flowing resources. We look forward to providing further updates as we drill our first well on the Asphalt Ridge Asset and restart production on additional wells and selling of oil produced from both the McCool Ranch and Presidents Fields in the months ahead.”

About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.

24/7 MARKET NEWS, INC Disclaimer
Please go to https://www.247marketnews.com/disclaimer/ for disclaimer information.

CONTACT:
24/7 Market News
[email protected]

Related news for (NYSE:TPET)

    NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.