---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013532"
form_type: "8-K"
ticker: "TPET"
cik: "0001898766"
company_name: "Trio Petroleum Corp"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:58:32.975450+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trio Petroleum contracts Ensign to drill HV-1 well at ~$18,250/day; hires IR firm

## Summary
- Trio LLC and Ensign signed drilling contract for HV-1 confirmation well at Presidents Oilfield; day rate ~$18,250, work starts May 3, 2023.
- Initial term covers HV-1 well completion; option to extend for additional wells upon mutual agreement.
- Trio holds ~82.75% working interest in 8,600-acre South Salinas Project operated by Trio LLC.
- Company entered investor relations agreement with Apollo Shareholder Relations Ltd. for marketing and outreach services.
- Drilling contract requires Trio LLC to pay mobilization/demobilization fees and reimbursable costs for fluids and materials.

## SEC filing metadata
- accession: 0001493152-23-013532
- form_type: 8-K
- ticker: TPET
- cik: 0001898766
- company_name: Trio Petroleum Corp
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898766/000149315223013532/0001493152-23-013532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898766/000149315223013532/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013532
- JSON: https://secwatch.observer/filing/0001493152-23-013532.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013532.txt

## Key facts
- Material Agreements
  Trio Petroleum Corp entered into Drilling Contract with Ensign United States Drilling (California) Inc. valued at approximately $18,250 per day (effective 2023-04-19).
  - Action: entry
  - Counterparty: Ensign United States Drilling (California) Inc.
  - Value: approximately $18,250 per day
  - Effective: 2023-04-19
  source text: On April 19, 2023, Trio LLC entered into a Drilling Bid Proposal and Daywork Drilling Contract – U.S. (the “Drilling Contract”) with Ensign United States Drilling (California) Inc. (“Ensign”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898766/000149315223013532/0001493152-23-013532-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.