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Trio Petroleum acquires certain Saskatchewan heavy oil assets from NovaCor
TipRanks218d agoneutral
Trio Petroleum acquires certain Saskatchewan heavy oil assets from NovaCor

Trio Petroleum (TPET) has acquired certain Saskatchewan heavy oil assets from NovaCor Exploration. The Acquired Assets are located in west-central Saskatchewan and include producing heavy oil wells, associated equipment and infrastructure, and additional development and optimization opportunities. The acquired assets consist of four wells along with a water disposal facility. Three of the wells are currently producing approximately 30 barrels per day, with the fourth well expected to produce app