8-K filing — Trio Petroleum Corp (TPET)
Filed: 2026-09-30 AccNo: 0001493152-26-045044 Size: 349 KB Item 1.01: Entry into a Material Definitive Agreement Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
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Trio Petroleum shares are trading lower after the company announced a 1-for-9 reverse stock split.
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TRIO PETROLEUM ANNOUNCES LLOYDMINSTER ACQUISITION WITH CUMMINGS MULTILATERAL OIL WELL AND WORKOVER PRODUCTION GROWTH OPPORTUNITY
Trio Petroleum Corp acquired 24 oil wells (4 producing, 20 shut-in) from Marlin Resources Ltd in Saskatchewan's Lloydminster region for CDN$800,000 cash plus an underutilized water disposal asset. The acquisition includes 37 BOPD of current production, a planned Cummings multilateral well with CDN$1.2 million development budget, and a CDN$425,000 workover program. The company expects the purchase price per flowing barrel to be discounted compared to market rates for comparable assets.
Trio Petroleum's Canadian Subsidiary Acquires 24 Oil Wells From Marlin Resources; Trio Paid CDN$800,000
Trio Petroleum Corp To Pay Croverro C$450,000 Prospect Fee For Initial 2-Well Program; To Fund C$1.80M For 80% Revenue Interest, Stepping Down To 60% After Payout