Trio Petroleum

About Us

Trio Petroleum Corp. is a California-focused oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County.

Trio Petroleum

The Company was formed in 2021 as a Delaware C Corporation to partner with Trio Petroleum LLC while acquiring its 85.75% Working Interest (WI) in the large 8,600-acre South Salinas Project.

Founded in 1983, Trio Petroleum LLC has had production primarily from 8 fields in California, and an exceptional team with a history of generating prospects, drilling wells, and economically producing discovered oil.

Trio Petroleum LLC discovery well HV-3A

We believe the South Salinas Project has the potential to be significant, with an estimated 40 million barrels of oil (“MMBO”) plus 42 billion cubic feet of gas (“BCFG”), or 47 million barrels of oil equivalent (“BOE”), in Probable (P2) Undeveloped reserves and an approximate 101 MMBO plus 169 BCFG, or 129 million BOE, in Possible (P3) Undeveloped reserves. Note that the conversion rate used is 6.0 Mcf per 1 BOE.

 
Trio’s Total Probable (P2) undiscounted net cash flow is an estimated approximate $2.1 billion, and Trio’s Total Possible (P3) undiscounted net cash flow is an estimated approximate $7.9 billion.

Sources: 1. Reserves Attributable to Trio Petroleum Corp., South Salinas Area, Effective Date November 1, 2021, KLS Petroleum Consulting LLC, Kenneth L. Schuessler, P.E., Managing Member

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