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Trio Petroleum Corp. – this is a company that works in the field of exploration and development of oil and gas fields. The company operates in California and is headquartered in Bakersfield, California. The main area of activity of the company is South Salinas, which is located south of San Francisco. The company has a stake of more than 85% in the project. This site is the largest and most promising as it has significant reserves of oil and gas. In addition to this site, the company has a 1/5 stake in the McCool Ranch, California oil field, a small stake in the Asphalt Ridge, Utah project, and also has an option to fully acquire the Union Avenue, California field. Initially, in 1983, Trio Petroleum LLC was established, which operated at 8 major oil fields in California. In 2021, Trio Petroleum Corp. formed to acquire WI in South Salinas Project & partner with Trio Petroleum LLC Today, the company's shares are traded on the AMEX exchange under the ticker TPET, and the IPO of the shares was held on April 18, 2023 and at the start of trading the shares were worth $ 53.
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