Trio Petroleum Received Its First Revenue Payment In June For Its Proportionate Share Of Revenue From April Oil Sales At McCool Ranch Field In Monterey County, California
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Trio Petroleum Corp (NYSE American: TPET) received its first revenue payment in June for its share of revenue from April oil sales at McCool Ranch Field in Monterey County, California. The HH-1 well at McCool Ranch is producing steadily at approximately 30 barrels of oil per day (BOPD).
July 01, 2024 | 12:35 pm
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Trio Petroleum Corp received its first revenue payment in June for its share of revenue from April oil sales at McCool Ranch Field. The HH-1 well is producing steadily at approximately 30 BOPD.
The receipt of the first revenue payment and steady production at McCool Ranch Field are positive indicators for Trio Petroleum's financial health and operational success. This news is likely to boost investor confidence and positively impact the stock price in the short term.
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