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Trio Petroleum (TPET) provided an operational update on each of its current oil and gas assets, by field. Lloydminster, Saskatchewan: Production has stabilized between 60 and 70 BOPD at the recently acquired fields from Novacor. Wells produce heavy crude oil with low operational costs from the McLaren/Sparky and Lloydminster formation and is home to some of the largest players in the industry such as Cenovus Energy, Canadian Natural Resources, Baytex Energy, and Rife Resources. Potential for fou

Trio Petroleum Corp. (NYSE:TPET) declared that it will terminate efforts to purchase a working interest in the field and halt operations at its McCool Ranch project in California. The decision is based on prohibitive economics under previously negotiated parameters, including high water disposal expenses, especially in California, and low natural gas prices. Trio Petroleum Corp. […]

Trio Petroleum (TPET) has decided to suspend operations at McCool Ranch and will terminate its efforts to acquire a working interest in the project. The company made this determination, because, under previously negotiated terms, natural gas prices and water disposal costs, particularly in California, where McCool Ranch is located, makes it cost prohibitive for the company to employ cyclic-steam operations to increase production and will not be economically feasible in the long run. The company