Trio Petroleum Appoints Robin Ross Chairman and Board Director
20 Junho 2024 - 9:00AM
Trio Petroleum Corp. (NYSE American: “TPET”, “Trio” or the
“Company”), a California-based oil and gas company, today announced
Trio co-founder and former board member Robin Ross has returned to
the Company’s board of directors as Chairman as of June 17, 2024.
As part of the transition, Trio’s Current Chairman and co-founder
Stan Eschner has become Vice Chairman of the Board and former CEO
Frank Ingriselli, who has been serving as Vice Chairman, has
resigned as a director, also effective as of June 17th.
“We are pleased to welcome Robin back to the
board of Trio and have him assume this important leadership role
with the Company. His breadth of experience in finance, merchant
banking and strategic development of emerging companies will add
another tremendous resource for Trio and all of its stakeholders,”
commented Michael Peterson, CEO of Trio. “Robin is a prolific
entrepreneur having founded multiple successful private and public
ventures in a wide range of industries, including resources, oil
and gas and merchandising, all of which will benefit Trio and its
shareholders as we continue to increase production and diversify
the Company,” added Mr. Peterson.
“I look forward to helping to build Trio into
the success we envisioned when we founded the Company,“ commented
Mr. Ross.
“On behalf of the board of directors and our
management team, I wish to thank Frank Ingriselli for his many
contributions to Trio. From helping to form the Company, leading
our successful Initial Public Offering (IPO) and ultimately
successfully launching Trio on the NYSE American. We wish Frank all
of the continued success in his future endeavors,” said Mr.
Peterson.
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, and
Uintah County, Utah. In Monterey County, Trio owns an 85.75%
working interest in 9,245 acres at the Presidents and Humpback
oilfields in the South Salinas Project, and a 21.92% working
interest in 800 acres in the McCool Ranch Field. In Uintah County,
Trio owns a 2.25% working interest in 960 acres and options to
acquire up to a 20% working interest in the 960 acres, in an
adjacent 1,920 acres, and in the greater 30,000 acres of the
Asphalt Ridge Project.
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 press 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 Trio’s Annual Report on Form 10-K and
Amendment No. 1 thereto, both 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 press release, except as required
by law.
Investor Relations Contact: Redwood Empire Financial
Communications Michael Bayes (404) 809 4172
michael@redwoodefc.com
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