Trio Petroleum Corp To Present at LD Micro Invitational XIII Investor Conference on Tuesday, June 6th
30 Maio 2023 - 9:30AM
Trio Petroleum Corp. (NYSE American: TPET) (“Trio”), an oil and gas
exploration and development company focused on strategic,
high-growth energy projects in California, announced today its CEO,
Frank Ingriselli, will be presenting at the LD Micro Invitational
XIII investor conference on Tuesday, June
6 th at 10:30AM PDT. The event will be held at the
Luxe Sunset Boulevard Hotel, California and will be available to
live stream virtually.
Date: June 6, 2023Time: 10:30AM PDTLive Webcast:
https://ldinv13.sequireevents.com/
The presentation will also be available for
replay at Trio’s website for 30 days
at www.trio-petroleum.com
Trio announced two weeks ago that its HV-1
discovery well has confirmed that there is a major accumulation of
oil and gas in the Presidents Field in its South Salinas Project
located in Monterey County, California.
The HV-1 well is a two-mile step-out from Trio’s
HV-3A discovery well that found high-quality, mid-gravity oil at
depths between 3,750 to 5,100 feet. The HV-1 well drilled through
approximately 1,800 feet of the Monterey Formation with major
indications of oil and gas prior to reaching total depth at 6,631
feet.
The HV-1 well was drilled on a new oil and
natural gas field that the company refers to as the Presidents
Field, as described in the company’s public filings with the SEC
and on the company’s website. The Presidents Field is a large oil
and gas development project located in the company’s South Salinas
Project in Monterey County, California. The HV-1 well location was
chosen based on interpretation of three-dimensional seismic data
with the goal of confirming and defining the magnitude of this new
oil and gas field, in which Trio owns an 85.75% working
interest.
Mr. Frank Ingriselli, Trio’s Chief Executive
Officer, commented “We look forward to presenting at the LD Micro
conference and providing an update on our HV-1 discovery well along
with future development plans for this well and the drilling of
additional wells on our South Salinas Project where full field
development of the entire Project has an estimated net cash flow to
the company, discounted at 10%, of approximately $2 billion.”
About Trio
Petroleum Corp.
Trio Petroleum Corp. is an oil and gas
exploration and development company headquartered in Bakersfield,
California, with operations in Monterey County, California. Trio
has a large, approximately 9,267-acre asset called the “South
Salinas Project” where it owns an 85.75% working interest. Trio’s
near-term plans include testing and producing the HV-1 well, and
then drilling the HV-2 and HV-4 wells. Previous operations on this
asset have successfully drilled two (2) production/discovery wells
that Trio now owns.
Cautionary Statement Regarding
Forward-Looking Statements
All statements in this press release of Trio
Petroleum Corp. (“Trio”) and its representatives and partners that
are not based on historical fact are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 and the provisions of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (the “Acts”). In particular, when used in the
preceding discussion, the words "estimates," "believes," "hopes,"
"expects," "intends," “on-track”, "plans," "anticipates," or "may,"
and similar conditional expressions are intended to identify
forward-looking statements within the meaning of the Acts and are
subject to the safe harbor created by the Acts. Any statements made
in this news release other than those of historical fact, about an
action, event or development, are forward-looking statements. While
management has based any forward-looking statements contained
herein on its current expectations, the information on which such
expectations were based may change. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of risks, uncertainties, and other
factors, many of which are outside of the Trio's control, that
could cause actual results to materially and adversely differ from
such statements. Such risks, uncertainties, and other factors
include, but are not necessarily limited to, those set forth in the
Risk Factors section of the Trio’s S-1 filed with the Securities
and Exchange Commission (SEC). Copies are of such documents are
available on the SEC's website, www.sec.gov. Trio undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Trio
Contact:
Frank C. IngriselliCEOTrio Petroleum
Corpwww.trio-petroleum.comIngriselli@gvest.com
Trio Petroleum (AMEX:TPET)
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