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The latest update is out from Trio Petroleum Corp. ( (TPET) ).
Trio Petroleum Corp announced the acquisition of a mineral lease in Alberta, Canada, through its subsidiary Trio Petroleum Canada, Corp., enhancing its production base with four producing wells expected to generate 60 to 70 barrels of oil per day. The acquisition, completed on November 3, 2025, aims to expand shareholder value with immediate revenue generation and long-term development potential, aligning with Trio’s strategy to acquire high-quality, cash-flow positive assets.
More about Trio Petroleum Corp.
Trio Petroleum Corp is an oil and gas exploration and development company operating in California, Saskatchewan, Alberta, and Utah.
Average Trading Volume: 354,187
Technical Sentiment Signal: Sell
Current Market Cap: $8.44M
For an in-depth examination of TPET stock, go to TipRanks’ Overview page.