---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-003622"
form_type: "8-K"
ticker: "TPET"
cik: "0001898766"
company_name: "Trio Petroleum Corp"
filed_at: "2025-04-10T23:59:59+00:00"
generated_at: "2026-05-23T17:32:36.996551+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trio Petroleum acquires producing heavy oil assets in Saskatchewan for $650K cash + 526K shares

## Summary
- Purchase price: $650K cash (incl. $65K deposit) + 526,536 restricted TPET shares.
- First closing on TWP48 assets completed Apr 8, 2025; second closing for TWP47 assets expected by June 30, 2025.
- Seven producing wells ~70 bbl/d; lift cost CDN $10/bbl; reserve report: 91.5 MBBL proved+probable.
- Trio Canada subsidiary formed; $1.131M promissory note at 12% interest to fund acquisition and operations.
- Novacor to operate assets; Trio plans aggressive growth in Saskatchewan heavy oil region.

## SEC filing metadata
- accession: 0001641172-25-003622
- form_type: 8-K
- ticker: TPET
- cik: 0001898766
- company_name: Trio Petroleum Corp
- filed_at: 2025-04-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898766/000164117225003622/0001641172-25-003622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898766/000164117225003622/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-003622
- JSON: https://secwatch.observer/filing/0001641172-25-003622.json
- Plain text: https://secwatch.observer/filing/0001641172-25-003622.txt

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