Asphalt Ridge
Trio Petroleum is developing the Asphalt Ridge project, one of the largest Heavy Oil and Tar Sand accumulations in North America.
Asphalt Ridge – Multi-Billion-Dollar Opportunity
Asphalt Ridge
One of the largest Heavy Oil and Tar Sand accumulations in North America. Located in Uinta Basin, Utah
Overview:
- Trio currently owns 2.25% WI of 960 acres
- Has option to acquire additional17.75% for $1,775,000
- Each 240 acres has $1B PV10 Value $4B Potential Value
- HSO 2-4 and 8-4 wells drilled May-June 2024
Asphalt Ridge – Initial
Development Timeline
First 2 wells drilled May-June 2024
Asphalt Ridge –
Northeast Utah
Asphalt Ridge heavy oil and tar sand accumulation
Map 68, Energy Resources Map of Utah. UGMS, 1983
Asphalt Ridge – Development Visualization
