Trio Petroleum Corp (TPET): M&A transaction — Trio Petroleum closes acquisition of Alberta oil lease with 60-70 bpd production potential

Trio Petroleum Corp

Acquired NW 7-50-1W4 mineral lease (160 acres) for CD$150k cash plus CD$150k in restricted shares (104,227 shares).
Four fully equipped producing wells expected to deliver 60–70 barrels of oil per day.
Two wells to start immediately upon license transfer; two held by OWA pending AER approval.
Property offers multiple re-entry and new drilling opportunities with existing surface infrastructure.
CEO targets 1,000 bpd from Canadian independents as part of 2026 growth plan.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

Trio Petroleum Corp issued 104,227 restricted shares of common stock to Seller for CD$150,000 in cash and shares valued at CD$150,000.

Security: common stock
Shares: 104,227 restricted shares
Purchaser: Seller
Consideration: CD$150,000 in cash and shares valued at CD$150,000

Exact text from the filing

n with the acquisition of the Assets, the Buyer paid the Seller CD$150,000, in cash, and the Company issued to the Seller 104,227 restricted shares of its common stock, par value US$0.0001 per share.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Trio Petroleum Corp completed an acquisition involving Capital Land Services Ltd. for total purchase price of (i) CD$150,000 in cash and (ii) the issuance to the Seller of restricted shares ... having an aggregate value of CD$150,000 (closed 2025-11-03).

Action: acquisition
Counterparty: Capital Land Services Ltd.
Consideration: total purchase price of (i) CD$150,000 in cash and (ii) the issuance to the Seller of restricted shares ... having an aggregate value of CD$150,000
Closing: 2025-11-03

Exact text from the filing

481) (collectively, the “Assets”), free and clear of any liens other than certain Permitted Encumbrances (as such term is defined in the APA) for a total purchase price of (i) CD$150,000 in cash and (ii) the issuance to the Seller of restricted shares (the “Shares”) of common stock, par value US$0.0001 per share (the “Common Stock”), of the Company, having an

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Trio Petroleum Corp filing history →

Source: SEC EDGAR

accession 0001493152-25-020729

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