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Trio Provides Update On Operational Activities The Co Is Taking To Increase Oil Production And Cash Flow At The McCool Ranch Oilfield In Monterey County, California; Details Plans To Increase Production And Cash Flow

Oil TRIO Company California Monterey County Petroleum GLOBE

Company Details Plans to Increase Production and Cash Flow

Bakersfield, CA, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE:TPET) ("Trio" or the "Company"), a California-based oil and gas company, today provided an update on operational activities the Company is taking to increase oil production and cash flow at the McCool Ranch Oilfield in Monterey County, California.

Oil production has been stable for a number of months at about 10 to 20 BOPD from the HH-1 and 35X wells collectively and we are actively looking into the best course of action to increase oil production and cash flow while containing costs, including resuming cyclic-steam operations at these two wells, and also by restarting production from three additional wells - the 58X, HH-3 and HH-4.

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