HH-1

Company Commences Oil Sales from California Assets

Retrieved on: 
Wednesday, April 24, 2024
Sale, Steam, Monterey Formation, HH-1, BOPD, Asphalt, Oil

Bakersfield, CA, April 24, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided updates on its petroleum assets in Monterey County, California, and Uintah County, Utah.

Key Points: 
  • Bakersfield, CA, April 24, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided updates on its petroleum assets in Monterey County, California, and Uintah County, Utah.
  • The Company this week will make its first sale and shipment of oil produced at the McCool Ranch Field in Monterey County, California.
  • The Company will ship approximately 2,100 barrels of oil, which were produced primarily from the HH-1 well that was brought back online in late February of 2024.
  • In summary, the Company currently has four actively producing oil wells in California, three at McCool Ranch Field and one at Presidents Field and the Company is now selling and shipping oil from its California assets.

Trio Petroleum Corp Provides Update on Monterey County Operations

Retrieved on: 
Tuesday, March 19, 2024
Well, HH-3, HH-1, Oil

Bakersfield, CA, March 19, 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 Field (“McCool Ranch”) and at the Presidents Field.

Key Points: 
  • McCool Ranch Field HH-1 Well Producing ~47 Barrels of Oil per Day; 58X and 35X Wells to be Restarted Shortly
    Presidents Field HV-3A Well to be Restarted Shortly at S. Salinas Project
    Bakersfield, CA, March 19, 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 Field (“McCool Ranch”) and at the Presidents Field.
  • The 58X well at McCool Ranch was also put back on production but was temporarily idled in order to perform a heat treatment that should be accomplished shortly.
  • The 35X well at McCool Ranch has been hooked-up to power and it should also be put back on production shortly.
  • As a result, TPET should soon have four actively producing oil wells, three at McCool Ranch Field and one at Presidents Field.

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.