Trio Petroleum Corp Announces the Restart of the McCool Ranch Oil Field - Seite 2

The Company’s cash investment in McCool Ranch is primarily allocated to restart production and is expected to establish important cash flow for the Company. The property has significant upside potential with many undrilled infill and development well locations identified. Pictures of McCool Ranch can be found on the Trio website at the following link: https://trio-petroleum.com

The Company believes that current oil prices and other considerations (e.g., approved permits) make this an ideal time to restart McCool Ranch, that the restart is going well, and that the field should soon be providing important cash flow to the Company.

Trio’s CEO, Michael L Peterson, stated: We are pleased with the progress in restarting McCool Ranch and expect that it will soon be providing important cash flow to the Company. We are working hard to deliver on our business plan of building cash-flow to help ensure the success of the Company and to increase shareholder value.

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” in Monterey County where it owns an 85.75% working interest, and an approximate 22% working interest in the McCool Ranch Oil Field in Monterey County.

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.