Trio Petroleum
TPET

$0.1900

1.45%

Market Cap: $9.56M

About: Trio Petroleum Corp is a California-focused oil and gas exploration and development company. It acquires, fund, and operate oil exploration and production from assets in California.

Employees: 7

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

465% more capital invested

Capital invested by funds: $43.1K [Q1] → $243K (+$200K) [Q2]

200% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 1

0.2% more ownership

Funds ownership: 1.4% [Q1] → 1.59% (+0.2%) [Q2]

11% less funds holding

Funds holding: 9 [Q1] → 8 (-1) [Q2]

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for TPET.

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Financial journalist opinion

First Oil Production Confirmed at Asphalt Ridge's Well HSO 2-4

Bakersfield, CA, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, is pleased to announce oil production, using a downhole heater, from its first well HSO 2-4 on its Asphalt Ridge Project in Uintah County, Utah. This confirms that the pay zone bitumen, when heated, becomes less viscous and is able to drain into the wellbore and be pumped to the surface.

First Oil Production Confirmed at Asphalt Ridge's Well HSO 2-4

Trio Reports Notable Increases in Estimated Oil and Gas Reserves

Discounted Net Cash Flow (at 10%) increase of $67 Million to $475 Million Based on Updated Operations Bakersfield, CA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today provided an update on estimates of oil and gas reserves and future net cash flows at its South Salinas Project in Monterey County, California.

Trio Reports Notable Increases in Estimated Oil and Gas Reserves

Company Appoints New Chief Executive Officer

Co-Founder and Chairman Robin Ross Accepts Expanded Role Bakersfield, CA, July 15, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today announced that it has appointed Robin Ross as its new Chief Executive Officer, effective July 11, 2024. Mr. Ross recently rejoined the Company as the Chairman of the Board.

Company Appoints New Chief Executive Officer

Company Announces First Revenue

Company Collects First Revenue Check for April Oil Sales at McCool Ranch Field HH-1 at McCool Ranch Producing Steadily at Approximately 30 BOPD Bakersfield, CA, July 01, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today announced that it received its first revenue payment in June for its proportionate share of revenue from April oil sales at McCool Ranch Field in Monterey County, California. “We are now generating revenue and this is a positive milestone for our Company,” commented Michael Peterson, CEO of Trio.

Company Announces First Revenue

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.

Why Is Trio Petroleum (TPET) Stock Up 68% Today?

Company Regains NYSE Listing Compliance

Bakersfield, CA, May 06, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, 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 forth in Part 10 of the NYSE American Company Guide.

Company Regains NYSE Listing Compliance

Why Is Trio Petroleum (TPET) Stock Down 22% Today?

Trio Petroleum (NYSEMKT: TPET ) stock is falling on Wednesday after the oil and gas exploration and development company announced new financing agreements. The first one announced by Trio Petroleum is a securities purchase agreement with an institutional investor.

Why Is Trio Petroleum (TPET) Stock Down 22% Today?

5 Small-Cap Energy Stocks Surged in Price and Volume on Friday

WTI Crude Oil has continued its rise as tensions escalate in the Middle East due to ongoing developments and significant uncertainties. Year-to-date, Crude Oil futures have risen over 20%, climbing from almost $70 to just over $85 at Friday's close.

5 Small-Cap Energy Stocks Surged in Price and Volume on Friday

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Company Provides Operational Update for Monterey County Oil Producing Assets

Combined Oil Production Stabilized at 75 Barrels Per Day Bakersfield, CA, April 11, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided an update on its oil producing assets in Monterey County, California, including at the Presidents Field (“Presidents”) of the South Salinas Project and at the McCool Ranch Field (“McCool Ranch”). “We are pleased to provide this operational update on our two oil producing assets in Monterey County,” commented Michael Peterson, CEO of Trio Petroleum.

Company Provides Operational Update for Monterey County Oil Producing Assets

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