---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050792"
form_type: "8-K"
ticker: "TPET"
cik: "0001898766"
company_name: "Trio Petroleum Corp"
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:47:32.563079+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trio Petroleum signs LOI to acquire producing heavy oil assets in Saskatchewan for CD$2M

## Summary
- Purchase price CD$2M (~US$1.4M): US$650K cash + Trio common shares; US$65K deposit paid.
- Current production ~70 bpd from 7 wells; reserve report shows 91.5 MBBL proved+probable (Aug 2024).
- Assets in Lloydminster, Saskatchewan heavy oil region; Novacor to operate; Trio plans to expand.
- LOI non-binding, expires Feb 15, 2025; closing subject to board approval and financing.

## SEC filing metadata
- accession: 0001493152-24-050792
- form_type: 8-K
- ticker: TPET
- cik: 0001898766
- company_name: Trio Petroleum Corp
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898766/000149315224050792/0001493152-24-050792-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898766/000149315224050792/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050792
- JSON: https://secwatch.observer/filing/0001493152-24-050792.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050792.txt

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