Trio Petroleum Corp (TPET)
AMEX AMEX Primary Summary
Why Is Trio Petroleum (TPET) Stock Up 68% Today?
Trio Petroleum (NYSEMKT: TPET ) stock is taking off on Tuesday after the oil and gas exploration and development company completed its first two exploratory wells in Utah. Trio Petroleum notes that this saw it complete the initial drilling of its HSO 8-4 and HSO 2-4 wells in Uintah County, Utah.
Trio Petroleum Corp Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| VL Victoria Latham Fiduciary Alliance LLC | 34,491 | $23,798.79 | $11,726.94 | -$12,071.85 | -50.72% |
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Trio Petroleum Corp Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Robin Ross CEO | AMEX Exchange | 89669L108 CUSIP |
| US Country | 1 Employees | - Last Dividend | 15 Nov 2024 Last Split | 18 Apr 2023 IPO Date |
Overview
Trio Petroleum Corp. is a Bakersfield, California-based oil and gas exploration and development company. Incorporated in 2021, it focuses on harnessing the potential of oil and gas properties within the United States. With a significant working interest in the South Salinas project in Monterey, California, and an option on the Union Avenue Field in Bakersfield, California, Trio Petroleum aims to establish a strong foothold in the oil and gas industry through strategic exploration and development initiatives.
Products and Services
- Oil and Gas Exploration and Development:
Trio Petroleum specializes in the exploration and development of oil and gas fields. Utilizing advanced technology and techniques, the company aims to identify, evaluate, and tap into hydrocarbon reserves, focusing on projects like the South Salinas project and Union Avenue Field.
- South Salinas Project:
Located in Monterey, California, this project spans approximately 9,300 acres. Trio Petroleum owns an 85.75% working interest in South Salinas, where the company conducts exploration and development operations to extract oil and gas from this promising region.
- Union Avenue Field Option:
In addition to its holdings in the South Salinas project, Trio Petroleum holds an option to acquire a 100% working interest in the Union Avenue Field located in Bakersfield, California. This option represents a strategic opportunity for the company to expand its portfolio and leverage its expertise in oil and gas development.
