Trio | Jotup

Company Retires $2.6 Million Convertible Note

Retrieved on:

Tuesday, April 9, 2024

Trio, Acceleration, Acquisition, Security (finance)

Bakersfield, CA, April 09, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, announced that on April 8, 2024, filed a Form 8-K with the Securities and Exchange Commission (“SEC”) detailing the terms and conditions under which the Company retired $2.6 million in outstanding convertible notes. These notes had been previously funded in two tranches in October of 2023.

Key Points:

Bakersfield, CA, April 09, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, announced that on April 8, 2024, filed a Form 8-K with the Securities and Exchange Commission (“SEC”) detailing the terms and conditions under which the Company retired $2.6 million in outstanding convertible notes.
“This is a positive first step in strengthening the Company’s balance sheet,” commented Michael Peterson, Chief Executive Officer of Trio Petroleum.
The Company issued to the Investor two promissory notes in an aggregate principal amount $2,550,000 in two tranches.
On April 2, 2024, the Company and the Investor mutually agreed to permit the acceleration of more than six monthly payments pursuant to the Second Tranche Note, so that the entire outstanding balance of the Second Tranche Note could be repaid.

Abstrax and Seed Talent Partner for First of Its Kind Advanced Terpene Education and Exclusive Terpene Science Courses

Retrieved on:

Monday, April 8, 2024

Coming Soon, Exotic, Trio, Learning, Science, Partnership, Knowledge, Research, Terpene, Cannabis, Curriculum, Drug

TUSTIN, Calif., April 8, 2024 /PRNewswire-PRWeb/ -- Abstrax has partnered with Seed Talent, the leading education platform for comprehensive professional development for the cannabis industry, to enable brands and retailers to maximize their sales efforts and better educate consumers. This collaboration is set to revolutionize terpene education for retailers by introducing an exclusive series of courses focused on terpene education, Abstrax's cutting-edge science, and in-depth analysis of their cannabis discoveries outlined in their white papers.

Key Points:

This collaboration is set to revolutionize terpene education for retailers by introducing an exclusive series of courses focused on terpene education, Abstrax's cutting-edge science, and in-depth analysis of their cannabis discoveries outlined in their white papers.
"The partnership between Seed Talent and Abstrax marks a significant milestone in cannabis education, bringing together Seed Talent's expertise in delivering high-quality, centralized training for cannabis retailers and brands," says Max Koby, CEO of Abstrax.
With the addition of these courses, Abstrax continues to solidify its position as a leader in terpene and cannabis education.
"We are thrilled to join forces with Seed Talent to share our passion for terpene science with a wider audience.

Alma launches a special edition of Soprano Titanium with a breakthrough applicator to boost hair removal treatment speed

Retrieved on:

Tuesday, March 19, 2024

SHR, Hair removal, ROI, ICE, Research, Trio, Skin, 3D

CAESAREA, Israel, March 19, 2024 /PRNewswire/ -- Alma, a Sisram Medical company and a global leader in energy-based medical and aesthetic solutions, announced today the launch of a special edition of Soprano Titanium to enable faster and more efficient hair removal sessions.

Key Points:

The latest edition of the flagship hair removal is recognized as the market's fastest hair removal treatment, according to new research
CAESAREA, Israel, March 19, 2024 /PRNewswire/ -- Alma , a Sisram Medical company and a global leader in energy-based medical and aesthetic solutions, announced today the launch of a special edition of Soprano Titanium to enable faster and more efficient hair removal sessions.
Launched together with the revolutionary applicator Trio MAX, Alma remasters hair removal with a game-changing boost in treatment speed.
According to 'Sapio Research', an independent global research agency, the new Soprano is the fastest hair removal treatment in the market when compared with leading global laser hair removal brands.
Soprano Titanium Special Edition powered by a cloud-based business tool enables the practitioner access to live data and analytics everywhere, gaining valuable insights into system performance, treatment efficiency, ROI, and more, to optimize clinic performance.

Abstrax Revolutionizes Cannabis Aroma Science with the Discovery of Tropicannasulfur Compounds (TCSCs)

Retrieved on:

Wednesday, March 13, 2024

Trio, Entrepreneurship, Perception, Research, Science, Terpene, Guava, Human, Cannabis, Weedmaps, Citrus, Perfume

TUSTIN, Calif., March 13, 2024 /PRNewswire-PRWeb/ -- Abstrax is thrilled to announce a groundbreaking discovery in cannabis research: the identification of a new class of tropical volatile sulfur compounds, dubbed Tropicannasulfur Compounds (TCSCs). As shared in "The Science of Exotic Part III - The Trio of Tropicanna", this finding is set to revolutionize our understanding of the distinct, pungent, citrus, and tropical notes in cannabis. Abstrax's recent white paper challenges the long-held belief that d-Limonene was responsible for these sensory experiences, a theory that has dominated the field for over a decade.

Key Points:

Abstrax unveils the elusive chemical magic behind favorite citrus and tropical cannabis scents, reshaping the industry's understanding of aroma in cannabis cultivation.
TUSTIN, Calif., March 13, 2024 /PRNewswire-PRWeb/ -- Abstrax is thrilled to announce a groundbreaking discovery in cannabis research: the identification of a new class of tropical volatile sulfur compounds , dubbed Tropicannasulfur Compounds (TCSCs).
"Abstrax's progress in understanding Tropicannasulfur Compounds is not just a scientific milestone; it's a stride towards connecting the cannabis community with the essence of the plant," said Boris Shcharansky, Vice President, Cannabis Advisory at Weedmaps.
The discovery sheds light on the subtle differences in the aroma of cannabis strains.

Trio Petroleum Corp Provides Update on Monterey County Operations

Retrieved on:

Monday, March 4, 2024

Acquisition, HH-1, Steam, Water, California Department, Trio, BOPD, Fresh water, Oil

Bakersfield, CA, March 04, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided an update on its operations in Monterey County, California, including at the McCool Ranch Oilfield (“McCool Ranch”) and at the South Salinas Project.

Key Points:

Bakersfield, CA, March 04, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided an update on its operations in Monterey County, California, including at the McCool Ranch Oilfield (“McCool Ranch”) and at the South Salinas Project.
TPET announced on Oct. 18, 2023, the acquisition of working interest in McCool Ranch, located in Monterey County seven miles north of the Company’s South Salinas Project.
It will be possible operationally to accurately measure oil and water production rates in about one week.
When appropriate, TPET will transition each well to cyclic-steam operations, also known as “huff and puff”, which is expected to significantly increase production.

Dolly Parton Greets Season Passholders and Media During 2024 Preview Day

Retrieved on:

Friday, March 8, 2024

This year's festival features three new shows including From the Heart- The Life and Music of Dolly Parton.

Key Points:

This year's festival features three new shows including From the Heart- The Life and Music of Dolly Parton.
“I’m so excited for everything we have in store for our guests in 2024,” Dolly said.
The Dolly Parton Experience provides guests more Dolly than ever, as it is three times the size of the former Chasing Rainbows Museum.
For more information about Dollywood’s 2024 season or season passes, please visit Dollywood.com or download the Dollywood app.

Trio Petroleum Corp Provides Update on Monterey County Operations

Retrieved on:

Monday, February 5, 2024

Well, Trio, Annual report, Steam, 3D, BOPD, Fracture, Monterey Formation, Fresh water, Water, Acquisition, KLSP, Independent, Oil

Bakersfield, CA, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided an update on its operations in Monterey County, California, where it has ownership in two assets: the South Salinas Project and the McCool Ranch Oilfield (“McCool Ranch”).

Key Points:

TPET announced on Oct. 18, 2023, the acquisition of approximately 22% working interest in McCool Ranch, located in Monterey County seven miles north of the Company’s South Salinas Project.
Trio will be restarting oil production of these previously producing wells that have been primarily idle since 2015.
TPET’s investment at McCool Ranch is primarily allocated to restarting production and is expected to establish important cash flow.
Now cleared and field conditions stabilized, operations will commence to restart oil production at the 58X-23 and HH-1-ST2 wells and possibly the 35X-23 well.

IVI RMA Completes Acquisition of North American Operations of Eugin Group, Including Boston IVF and TRIO

Retrieved on:

Wednesday, January 31, 2024

Health, General Health, Trio, Parent, IVI, Boston Medical Center, Patient, Dream, Fertility, TRIO, Harvard Medical School, Tufts Medical Center, Acquisition, Reproductive medicine, IVF

IVI RMA, one of the largest reproductive medicine groups in the world, today announced that it has completed the acquisition of North American Operations of Eugin Group, consisting of the Boston IVF fertility network and Toronto-based TRIO.

Key Points:

IVI RMA, one of the largest reproductive medicine groups in the world, today announced that it has completed the acquisition of North American Operations of Eugin Group, consisting of the Boston IVF fertility network and Toronto-based TRIO.
In addition, Boston IVF brings multiple academic affiliations, including Harvard Medical School, Dartmouth Hitchcock Medical School, Boston University Medical Center, and Tufts Medical Center, among others.
“We are excited to officially welcome Boston IVF, its partner clinics and TRIO to the IVI RMA network,” added Lynn Mason, CEO of IVI RMA America.
“Together with IVI RMA, we will continue to pave the way for breakthroughs in fertility care.”

Trio Petroleum Corp Announces the Restart of the McCool Ranch Oil Field

Retrieved on:

Thursday, January 4, 2024

Steam, Acquisition, Heat, Temperature, Fresh water, Trio, San Ardo, California, Oil

The restarting of McCool Ranch is currently in-progress and is proceeding favorably. The water disposal well at the field, the San Ardo WD-1 well, has been refurbished and tested and is in excellent condition, with water disposal by injection at this well able to commence as soon as needed. The testing and repairs of equipment and facilities, idle since about 2018, are well-advanced and also proceeding favorably. While there was concern that the boiler at the field -- an important piece of equipment that helps maintain the heat of produced oil at an appropriate temperature (e.g., for moving through lines and loading to trucks for delivery to market) -- might require fairly expensive repairs, the Company was able to return it to service at minimal cost and it is now up and running properly and efficiently.

Key Points:

Bakersfield, CA, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today provided an update on the restart of the McCool Ranch Oil Field (“McCool Ranch”).
The restarting of McCool Ranch is currently in-progress and is proceeding favorably.
The Company’s cash investment in McCool Ranch is primarily allocated to restart production and is expected to establish important cash flow for the Company.
Pictures of McCool Ranch can be found on the Trio website at the following link: https://trio-petroleum.com
The Company believes that current oil prices and other considerations (e.g., approved permits) make this an ideal time to restart McCool Ranch, that the restart is going well, and that the field should soon be providing important cash flow to the Company.

Trio Petroleum Corp Announces Commencement of Production of Two Wells - its HV-1 Confirmation Well and its HV-3A Discovery Well in the South Salinas Project

Retrieved on:

Wednesday, January 3, 2024

API, Water, BOPD, Trio, Oil

The Company estimates both wells should be producing on pump in mid- to late-January.

Key Points:

The Company estimates both wells should be producing on pump in mid- to late-January.
A pumping unit and temporary facilities are already installed at the HV-1 well site and are now being reinstalled at the HV-3A well site.
The HV-1 was drilled as a two-mile step-out from the previously drilled HV-3A well.
We look forward to providing additional announcements relating to the South Salinas Project, the McCool Ranch Field and other key developments as they arise.