Trio Petroleum Corp (TPET) Form 8-K — Sep 30, 2026
Trio Petroleum Corp (NYSE American: TPET) announced that its Canadian subsidiary signed a Purchase and Sale Agreement dated September 25, 2026 to acquire Marlin Resources Ltd.'s interests in 24 oil wells — 4 producing wells and 20 shut-in heavy-oil assets — in Saskatchewan's Lloydminster region. Trio is paying CAD$800,000 in cash and transferring an underutilized water disposal asset to Marlin, plus entering a produced-water disposal agreement. The acquired assets bring approximately 37 barrels of oil per day of current production along with a strategically located water disposal facility expected to cut hauling costs and open third-party disposal revenue.
Key figures
- Cash Position
- 0
- Total wells
- 24
- Producing wells
- 4
- Cash consideration
- CAD$800,000
- Current production bopd
- 37
- Shut in heavy oil wells
- 20
- Target reservoir meters
- 4000
- Cummings multilateral budget
- CAD$1.2 million
- Workover reactivation budget
- CAD$425,000
- Comparable cnrl cummings wells bopd
- 375
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