---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037521"
form_type: "8-K"
ticker: "TPET"
cik: "0001898766"
company_name: "Trio Petroleum Corp"
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:51:15.204712+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trio Petroleum acquires 21.9% working interest in McCool Ranch oil field for up to $500K from affiliate

## Summary
- Acquired 21.918315% undivided interest in McCool Ranch Oil Field (Hangman Hollow) from Trio Petroleum LLC, an affiliate of Chairman, President, and COO.
- Total purchase price up to $500,000: $100,000 upfront plus $400,000 contingent on water disposal well refurbishment.
- Payout structure: 80% to Trio until $500k recouped, then 40% until $871,642 WI indebtedness repaid, then 50/50 working interest.
- Transaction evaluated by independent Special Acquisitions Committee and KLS Petroleum Consulting for fair market value.
- Field currently idle; proceeds intended to restart production and generate cash flow.

## SEC filing metadata
- accession: 0001493152-23-037521
- form_type: 8-K
- ticker: TPET
- cik: 0001898766
- company_name: Trio Petroleum Corp
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898766/000149315223037521/0001493152-23-037521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898766/000149315223037521/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037521
- JSON: https://secwatch.observer/filing/0001493152-23-037521.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037521.txt

## Key facts
- Material Agreements
  Trio Petroleum Corp entered into Agreement for Purchase and Sale of an Undivided Interest in the McCool Ranch Oil Field with Trio Petroleum LLC valued at $500,000.00 (effective 2023-10-16).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Trio Petroleum LLC
  - Value: $500,000.00
  - Effective: 2023-10-16
  source text: On October 16, 2023, Trio Petroleum Corp (the “Company”, “Trio”, “we” and “us”), entered into an Agreement for Purchase and Sale of an Undivided Interest in the McCool Ranch Oil Field (the “Purchase Agreement”) with Trio Petroleum LLC (“Trio LLC” or the “Seller”), which agreement contains customary representations and warranties of the parties, and indemnification requirements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898766/000149315223037521/0001493152-23-037521-index.htm

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