TRIO PETROLEUM ANNOUNCES LLOYDMINSTER ACQUISITION WITH CUMMINGS MULTILATERAL OIL WELL AND WORKOVER PRODUCTION GROWTH OPPORTUNITY
Trio Petroleum Corp (TPET) acquired 24 oil wells in Canada's Lloydminster region from Marlin Resources, including 4 producing and 20 shut-in heavy-oil assets. The deal adds 37 BOPD and includes a CDN$1.2M multilateral well and CDN$425K workover program. Trio paid CDN$800K cash and transferred a water disposal asset. The company expects production growth and cost savings from the acquisition.

