Terrence B. Eschner
Termination of Terrence B. Eschner as President and Steven Rowlee as Chief Operating Officer
Highest-materiality recent filing
Trio Petroleum CEO Robin Ross gets base salary increase to $600k, 1.5M share award, higher bonus
CEO Robin Ross salary increased from $400k to $600k effective June 1; bonus max raised from 100% to 200%.
Trio Petroleum shareholders approve reverse stock split (1:2-1:10) and equity plan increase
Reverse stock split approved with 10.3M FOR vs 2.4M AGAINST; ratio between 1:2 and 1:10 set by board.
Trio Petroleum expands ATM offering to $65M after public float exceeds $75M threshold
Public float exceeded $75M as of April 14, 2026, removing Form S-3 I.B.6 sales cap.
Trio Petroleum files Amendment No. 8 to ATM prospectus; total sales reach $21.9M
Trio Petroleum raised ~$21.9M through ATM stock sales from Jan 9 to April 8, 2026, issuing 23.6M shares.
Trio Petroleum updates ATM offering; $20.97M sold through April 7, 2026
As of April 7, 2026, Trio raised $20,972,479 via ATM sales of 22,025,654 shares.
Trio Petroleum settles $392,700 legal fee debt by issuing 446,149 common shares to law firm
Company issued 446,149 restricted shares to McDermott Will & Schulte LLP to settle $392,700.23 in unpaid legal fees.
Trio Petroleum updates ATM program; $13.4M in stock already sold, $4M remaining
On March 5, 2026, Trio filed Amendment No. 3 to its prospectus supplement, updating shares eligible for sale under the ATM agreement with Ladenburg Thalmann.
Trio Petroleum enters $3.6M ATM equity facility with Ladenburg Thalmann
ATM agreement allows sale of up to $3.6M in common stock through agent Ladenburg Thalmann.
Trio Petroleum acquires Saskatchewan heavy oil assets from Novacor for 912,875 shares
Assets include four wells: three producing ~30 bbl/d combined, one expected ~20 bbl/d.
Trio Petroleum closes acquisition of Alberta oil lease with 60-70 bpd production potential
Acquired NW 7-50-1W4 mineral lease (160 acres) for CD$150k cash plus CD$150k in restricted shares (104,227 shares).
Trio Petroleum Corp closes $1.2M convertible note financing
Issued three unsecured convertible notes with aggregate principal of $1.2M to institutional investors; net proceeds $928,600 after fees.
Trio Petroleum terminates McCool Ranch acquisition, suspends operations due to cost issues
On May 27, 2025, Trio and Trio LLC mutually terminated the McCool Ranch oil field acquisition agreement; no refund of prior payments.
Trio closes acquisition of Novacor heavy oil assets; $650K cash plus 526,536 shares
Completed second closing of TWP47 assets; total cash consideration US$650,000 plus 526,536 restricted shares.
Trio Petroleum signs LOI to acquire 2,000 acres in Utah with 6.75B bbl OOIP
Non-binding LOI for 2,000 acres at P.R. Spring, Utah; estimated 6.75B barrels OOIP; up to 1,000 wells possible.
Trio Petroleum issues amended convertible note for $606K; conversion floor at $0.48
Original note principal $321,176 (April 11) later amended to $712,941 (April 17); funding amount rose to $606,000.
Trio Petroleum acquires producing heavy oil assets in Saskatchewan for $650K cash + 526K shares
Purchase price: $650K cash (incl. $65K deposit) + 526,536 restricted TPET shares.
Trio Petroleum repays $1.6M in convertible notes, terminates security interest
Fully repaid $1.6M aggregate principal of senior secured convertible promissory notes.
Trio Petroleum terminates President and COO effective Jan 2, 2025
President Terrence B. Eschner and COO Steven Rowlee terminated effective January 2, 2025.
Trio Petroleum signs LOI to acquire producing heavy oil assets in Saskatchewan for CD$2M
Purchase price CD$2M (~US$1.4M): US$650K cash + Trio common shares; US$65K deposit paid.
Trio Petroleum halted by NYSE American; 1:20 reverse stock split set for Nov 14
NYSE American halted trading in Trio common stock on Nov 5 due to low selling price violating Section 1003(f)(v).
ATM Agreement with Spartan Capital Securities for up to $4.8M of common stock; 3% sales commission.
Trio Petroleum extends maturity dates of convertible promissory notes and amends conversion prices
On September 16, 2024, Trio Petroleum entered into amendments with two institutional investors to extend maturity of April 2024 Notes from September 16 to October 16, 2024.
Trio Petroleum enters media advertising agreement; pays $100K cash + 250K shares
Consultant to provide marketing and business development services under Media Advertising Agreement dated Sep 9, 2024.
Trio Petroleum shareholders approve reverse split up to 1:20, expand equity plan, extend notes
Voters authorized reverse stock split in range of 1-for-5 to 1-for-20 at Board discretion.
Raised gross $225k, net $199,250 via 12% note due May 30, 2025; convertible at 75% of market price (floor $0.18).
Trio Petroleum appoints co-founder Robin Ross as CEO; Michael Peterson resigns
Michael L. Peterson resigned as CEO and director effective July 11, 2024.
Termination of Terrence B. Eschner as President and Steven Rowlee as Chief Operating Officer
Termination of Terrence B. Eschner as President and Steven Rowlee as Chief Operating Officer
Effective as of October 21, 2024, the Board of Directors (the “Board”) of Trio Petroleum Corp. (the “Company”) appointed James Blake, as a member of the Board to serve as a Class II Director filling the vacancy created by the previous resignation of Michael L. Peterson.
On July 11, 2024, the Company and Robin Ross entered into an employment agreement (the “Ross Employment Agreement”), effective as of July 11, 2024 (the “Ross Employment Agreement Effective Date”), pursuant to which Mr. Ross will serve as Chief Executive Officer of the Company, replacing Mr. Peterson, and will also continue to serve as the Chairman of the Board.
On July 9, 2024, Michael L. Peterson delivered to the Board of Directors (“Board”) of Trio Petroleum Corp. (the “Company”) a notice of his resignation as the Company’s Chief Executive Officer and a member of the Board, effective on July 11, 2024 (the “Resignation Effective Date”).
Frank C. Ingriselli delivered to the Board of Directors ("Board") of Trio Petroleum Corp. (the "Company") a notice of his resignation as a director and as Vice Chairman of the Board, effective immediately.
Stan Eschner stepped down from his position as Chairman of the Board and the Board appointed him as Vice Chairman of the Board to replace Mr. Ingriselli in that position.
the Board appointed Robin Ross, a former director of the Company, as a Director and the Chairman of the Board to replace Mr. Eschner in that position.
On October 16, 2023, the Company and Michael L. Peterson entered into an employment agreement (the “Peterson Employment Agreement”), effective as of October 23, 2023 (the “Peterson Employment Agreement Effective Date”), pursuant to which Mr. Peterson will serve as Chief Executive Officer of the Company, replacing Mr. Ingriselli.
On October 6, 2023, Frank C. Ingriselli delivered to the Board of Directors (“Board”) of Trio Petroleum Corp. (the “Company”) a notice of his resignation as the Company’s Chief Executive Officer, effective on October 23, 2023 (the “Resignation Effective Date”).
On May 9, 2023, Robin Ross, a director of Trio Petroleum Corp. (the “Company”), announced his resignation from the Company’s Board of Directors (the “Board”), effective immediately.
Max materiality 0.75 · Median 0.60 · Most common event other_material