Detail akcie Trio Petroleum Rg online

Business Summary: Trio Petroleum Corp. is an oil and gas exploration and development company in California, Saskatchewan, Alberta and Utah. Its projects include South Salinas, Asphalt Ridge and McCool Ranch. In Monterey County, Trio owns an approximately 85.75% working interest in 9,300 acres at the Presidents and Humpback oilfields in the South Salinas Project, and an approximately 22% working interest in 800 acres in the McCool Ranch Field. It is developing the Asphalt Ridge project, one of the Heavy Oil and Tar Sand accumulations in North America. In the Asphalt Ridge project, the Company holds an approximately 2.25% working interest of 960 acres. Asphalt Ridge is a northwest-southeast trending topographic feature that crops-out along the northeast flank of the Uintah Basin. Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company. It owns a mineral lease covering a quarter section located at NW 7-50-1W4 in Alberta.
Financial Summary: BRIEF: For the fiscal year ended 31 October 2025, Trio Petroleum Corp revenues increased 87% to $399K. Net loss decreased 24% to $7.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects General and administrative expenses decrease of 40% to $2.8M (expense), Interest Expense decrease of 71% to $606K (expense).