Trio petroleum corp announces an option to acquire a 20% interest in the asphalt ridge development project in utah

Estimated contingent resources of 42-92 million barrels of oil development of this potential giant oilfield commencing january 2024 bakersfield, ca, jan. 05, 2024 (globe newswire) -- trio petroleum corp (nyse american: tpet) (“trio” or the “company”), a california-based oil and gas company, today announced that it has secured an option (the “option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil development project at asphalt ridge, located near the town of vernal in uinta county in northeastern utah.
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