Trio Petroleum Completes First Two Exploratory Wells In Utah
Portfolio Pulse from Benzinga Newsdesk
Trio Petroleum Corp (NYSE American: TPET) has successfully completed its first two exploratory wells in Uintah County, Utah. The HSO 8-4 well discovered over 100 feet of oil-bearing pay zone in the Rimrock Sandstone, while the HSO 2-4 well discovered over 120 feet in the Rimrock Sandstone and 69 feet in the Asphalt Ridge Sandstone.
June 11, 2024 | 12:15 pm
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Trio Petroleum Corp (TPET) has successfully completed its first two exploratory wells in Uintah County, Utah, discovering substantial oil-bearing pay zones. This could potentially increase the company's oil production and revenue.
The successful drilling and discovery of substantial oil-bearing pay zones in the first two exploratory wells indicate a positive development for Trio Petroleum. This could lead to increased oil production and revenue, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100