Trio Petroleum Corp Provides Update On Monterey County Operations; McCool Ranch Field HH-1 Well Producing ~47 Barrels Of Oil Per Day; 58X And 35X Wells To Be Restarted Shortly; Presidents Field HV-3A Well To Be Restarted Shortly At S. Salinas Project
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Trio Petroleum Corp (TPET) has provided an update on its operations in Monterey County, California, announcing the successful production of the HH-1 well at McCool Ranch, producing approximately 47 barrels of oil per day. Additionally, the company plans to restart the 58X and 35X wells at McCool Ranch and the HV-3A well at Presidents Field in the South Salinas Project shortly. This will result in four actively producing oil wells, with plans to restart two more wells in the near future, aiming to generate significant cash flow.
March 19, 2024 | 12:40 pm
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Trio Petroleum Corp (TPET) reports successful oil production at McCool Ranch and plans for restarting additional wells, aiming for increased production and cash flow.
The successful production of the HH-1 well and the plans to restart additional wells indicate a positive outlook for TPET's operations and financial performance. Increased oil production and the restart of more wells are likely to enhance the company's revenue and profitability in the short term, positively impacting its stock price.
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