Trio Petroleum Corp Announces An Option To Acquire A 40 BCF Potential Natural Gas Prospect In The Sacramento Basin, California; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Trio Petroleum Corp. (NYSE:TPET) has secured a four-month option to acquire a natural gas prospect in the Sacramento Basin, California. The prospect has the potential to produce an estimated 40 billion cubic feet of gas and is fully leased with permitting for an exploration well in an advanced stage. The company believes this acquisition could provide significant natural gas production and cash flow, diversifying its assets and ensuring its growth.
October 23, 2023 | 12:07 pm
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POSITIVE IMPACT
The acquisition of the natural gas prospect could potentially boost Trio Petroleum's production and cash flow, diversifying its assets and ensuring its growth.
The acquisition of a natural gas prospect with the potential to produce an estimated 40 billion cubic feet of gas could significantly boost Trio Petroleum's production and cash flow. This diversification of assets could help ensure the company's growth and success, potentially leading to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100