Trio Petroleum Corp. Reports Earnings Results for the First Quarter Ended January 31, 2024

Trio Petroleum Corp. is an oil and gas exploration and development company. The Company has operations in Monterey County, California, and Uintah County, Utah. The Company has an 85.75% working interest in the South Salinas Project, and a mineral-leasehold of approximately 9,300 gross mineral acres in one largely contiguous land package. There are six existing idle wells and one active well (i.e., the HV-1 well) in the South Salinas Project. The Company has drilling permits from Monterey County for two additional wells at the South Salinas Project, the HV-2 well and the HV-4 well. It also has a 22% working interest in the McCool Ranch Oil Field in Monterey County, California and an option to acquire a 20% working interest in the approximately 30,000 acre Asphalt Ridge project in Uinta County, Utah. Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company.