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TP
Trio Petroleum Corp.
TPET
Mkt Cap
$8.3M
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315.43K
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TP
TPET
TP
Trio Petroleum Corp.
TPET
News
·
TRIO PETROLEUM ANNOUNCES LLOYDMINSTER ACQUISITION WITH CUMMINGS MULTILATERAL OIL WELL AND WORKOVER PRODUCTION GROWTH OPPORTUNITY
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$8.4M
Volume
315.43K
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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.
GlobeNewswire Inc. · Sep 30, 2026
Trio Petroleum Corp Issues Broker-Dealer Action Notice Ahead of May 21, 2026 Annual Meeting
Trio Petroleum Corp issued an action notice to brokerage firms and custodians on May 20, 2026, requesting their assistance in processing voting instructions from beneficial shareholders ahead of the company's Annual Meeting scheduled for May 21, 2026. The company emphasized the importance of establishing quorum, as shares held in street name cannot be counted toward quorum without proper voting instruction submission. Management highlighted that matters presented at the meeting provide important flexibility for the company's next growth phase.
GlobeNewswire Inc. · May 20, 2026
TRIO PETROLEUM CORP ANNOUNCES STRATEGIC EXPANSION INITIATIVE FOLLOWING SUCCESSFUL CAPITAL RAISE AND ENCOURAGES STOCKHOLDER SUPPORT AT MAY 21ST ANNUAL MEETING
Trio Petroleum Corp announced it has raised approximately $24 million through its ATM equity program, strengthening its balance sheet. The company is now pursuing a growth strategy focused on acquiring Canadian oil and gas assets, which management believes offer attractive valuations and operational upside. The CEO emphasized the company has transitioned from stabilization to execution phase and is urging stockholder support at the May 21, 2026 annual meeting.
GlobeNewswire Inc. · May 11, 2026
Marathon Petroleum Stock Is Trending Overnight: Here's Why
Marathon Petroleum (MPC) shares surged 3.96% on Wednesday following a quarterly dividend declaration of $1 per share and broad energy sector gains. The rally was fueled by reports of Trump administration officials meeting with oil and gas executives and discussions about sustaining an Iran blockade. The stock is trading near its 52-week highs with strong momentum and bullish analyst sentiment.
Benzinga · Apr 30, 2026
What's Going On With Trio Petroleum Shares On Monday?
Trio Petroleum (TPET) shares declined 15.38% to $0.86 on Monday following President Trump's announcement of a five-day suspension of U.S. strikes on Iranian energy infrastructure. Despite this headwind, the company raised $19M through its ATM program with net proceeds of $18.45M, positioning it to accelerate expansion plans in Canada and the U.S. targeting oil and gas projects producing 500-1,000 barrels per day.
Benzinga · Mar 23, 2026
Trio Petroleum (TPET), Battalion Oil (BATL) Jump After Hours As Middle East Disruption Rattles Global Energy Markets
Trio Petroleum (TPET) and Battalion Oil (BATL) surged in after-hours trading, gaining 13.51% and 10.44% respectively, driven by escalating U.S.-Israel-Iran conflict and concerns over disruptions to the Strait of Hormuz. Battalion also announced an all-stock acquisition of 7,090 net acres in Texas and a $15 million private placement.
Benzinga · Mar 12, 2026
What's Going On With Trio Petroleum Shares On Friday?
Trio Petroleum (TPET) shares surged 36.48% on Friday as WTI crude oil climbed above $84/barrel amid escalating Middle East conflict and expectations for prolonged closure of the Strait of Hormuz. The stock significantly outperformed the broader market, which declined 1.0%, driven by geopolitical tensions affecting global oil supply. The company maintains a strong technical position with bullish MACD signals, though low momentum scores suggest underlying weaknesses to monitor ahead of March 17 earnings.
Benzinga · Mar 6, 2026
Oil Shock Ripples Through Markets as Iran Conflict Ignites Energy Rally
Escalating U.S.-Israel-Iran tensions triggered crude oil prices to surge above $86/barrel, driven by concerns over potential disruptions to the Strait of Hormuz. Small-cap oil exploration and production companies rallied sharply, with Trio Petroleum and Battalion Oil leading gains. Energy diversification plays like U.S. Energy Corp. and Turbo Energy also gained visibility as investors seek exposure to both traditional energy and alternative energy solutions.
GlobeNewswire Inc. · Mar 6, 2026
Trio Petroleum's Cooling Off After Hours After 169% Rally — What Made TPET Shoot Up?
Trio Petroleum (TPET) surged 169% intraday on Middle East geopolitical tensions, including U.S.-Israeli strikes on Iran and the closure of the Strait of Hormuz, which raised crude oil supply concerns. However, the stock fell 8.83% in after-hours trading, closing at $1.03. The company holds assets in California's South Salinas project and other oil-rich regions, making it sensitive to commodity prices and regional instability.
Benzinga · Mar 3, 2026
Trio to suspend operations at McCool Ranch
Trio Petroleum Corp has decided to suspend operations at McCool Ranch and terminate its efforts to acquire a working interest in the project due to unfavorable natural gas prices and high water disposal costs in California. The company will focus on other sites it believes will be more economically feasible.
GlobeNewswire Inc. · May 23, 2025
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