Trio Petroleum Corp. (NYSE American: TPET) has acquired certain Saskatchewan heavy oil assets from NovaCor Exploration Ltd.
The acquired assets consist of producing heavy oil wells, equipment, and development opportunities.
The acquisition also includes a produced-water disposal facility with revenue generation potential.
Immediate Production Boost
Acquisition adds immediate oil production and strengthens Trio's asset base.
Operational Improvements
Path to near-term operating improvements and opportunity for third-party revenue.
Strategic Infrastructure
Infrastructure acquisition designed to support production and generate recurring revenues.
- The acquired assets offer existing production and operational upside potential.
- The Maidstone position enables future drilling opportunities with horizontal and multilateral options.
Trio Petroleum Corp.'s acquisition enhances its presence in Saskatchewan and positions the company for operational growth and revenue generation.