Trio Petroleum Corp. is an oil and gas exploration and development company. The Company has operations in Monterey County, California, and Uintah County, Utah. The Company has an 85.75% working interest in the South Salinas Project, and a mineral-leasehold of approximately 9,300 gross mineral acres in one largely contiguous land package. There are six existing idle wells and one active well (i.e., the HV-1 well) in the South Salinas Project. The Company has drilling permits from Monterey County for two additional wells at the South Salinas Project, the HV-2 well and the HV-4 well. It also has a 22% working interest in the McCool Ranch Oil Field in Monterey County, California and an option to acquire a 20% working interest in the approximately 30,000 acre Asphalt Ridge project in Uinta County, Utah. Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company.
