Trio Petroleum acquires Saskatchewan heavy oil assets from Novacor for 912,875 shares

Trio Petroleum Corp

Assets include four wells: three producing ~30 bbl/d combined, one expected ~20 bbl/d.
Acquired water disposal facility targeted to generate $100,000 monthly revenue.
Purchase price CD$1M (US$730k) paid in 912,875 restricted shares of TPET common stock.
Grants piggyback registration rights; shares must be registered by March 31, 2026 if not earlier.
Deal closes Dec 30, 2025; post-closing operator is Seller for two years at current cost levels.

item 1.01 item 2.01 item 3.02 item 7.01 item 9.01

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