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An update from Trio Petroleum Corp. ( (TPET) ) is now available.
On January 16, 2025, Trio Petroleum Corp announced it has fully repaid $1.6 million in senior secured convertible promissory notes, originally issued in 2024 through financings with institutional investors. This financial move removes the security interest on the company’s assets, supporting future growth initiatives such as reworking existing wells and developing new assets, aligning with Trio’s strategic focus on projects that offer immediate cash flow or transformative growth potential.
More about Trio Petroleum Corp.
Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California. The company operates in Monterey County, California, and Uintah County, Utah, with significant interests in the Presidents and Humpback oilfields and options to acquire further interests in the Asphalt Ridge Project.
YTD Price Performance: 53.85%
Average Trading Volume: 4,638,630
Technical Sentiment Consensus Rating: Buy
See more insights into TPET stock on TipRanks’ Stock Analysis page.
