Trio Petroleum extends LOI deadline for HSO acquisition to May 2028 after production condition unmet

Trio Petroleum Corp

Condition requiring 40 bbl/day for 30 days from two Asphalt Ridge wells was not met as of April 20, 2026.
Parties extended the production rate period until May 15, 2028, with further optional extensions by Trio.
Non-binding LOI for acquisition of HSO's 2,000-acre P.R. Spring assets remains subject to definitive documents.
No financial terms of the potential acquisition were disclosed in the extension.

item 8.01 item 9.01

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