Trio Petroleum reports 79 bpd current production, sees upside to 133 bpd after optimization

Trio Petroleum Corp.

Trio Petroleum Corp.

TPET

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  • Trio Petroleum reported $22 million cash as of April 30, 2026, with no long-term debt; raised net proceeds of about $1.7 million via its ATM since.
  • Submitted about 12 non-binding acquisition proposals, focused on producing assets in Alberta and Saskatchewan averaging 550 BOE/d.
  • Initial bids typically valued assets at 3x cash flow, averaging CAD 25,000 per flowing BOE/d.
  • Runtime production from existing producing assets ran at about 79 BOPD, with identified restarts and optimization targeting about 133 BOPD, a 69% increase.
  • Water disposal facility is operational, marketed at up to 1,000 cubic metres/day; full utilization implies about $90,000 monthly gross fees.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trio Petroleum Corp. published the original content used to generate this news brief on June 18, 2026, and is solely responsible for the information contained therein.

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