Trio Petroleum Corp. Files 2023 Annual Report Amendment

TL;DR

Trio Petroleum Corp. just dropped its amended 2023 10-K. Check it for updated financials!

AI Summary

Trio Petroleum Corp. filed an amendment (10-K/A) to its annual report for the fiscal year ending October 31, 2023. The filing, dated June 13, 2024, provides updated financial information and disclosures for the company, which operates in the crude petroleum and natural gas sector.

Why It Matters

This amendment provides updated financial and operational details for Trio Petroleum Corp., crucial for investors and stakeholders to assess the company's performance and financial health as of October 31, 2023.

Risk Assessment

Risk Level: medium — As a company in the volatile oil and gas sector, Trio Petroleum Corp. faces inherent risks related to commodity prices, exploration, and regulatory changes.

Key Numbers

• 10-K/A — Filing Type (Indicates an amendment to the annual report)
• 20231031 — Fiscal Year End (The period covered by the amended report)
• 20240613 — Filing Date (Date the amendment was submitted to the SEC)

Key Players & Entities

• Trio Petroleum Corp. (company) — Filer of the 10-K/A
• 0001493152-24-023710 (filing_id) — Accession Number for the filing
• 20231031 (date) — Fiscal year end for the report
• 20240613 (date) — Filing date of the amendment
• CRUDE PETROLEUM & NATURAL GAS [1311] (industry) — Company's Standard Industrial Classification
• BAKERSFIELD, CA (location) — Company's business address

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share TPET NYSE American LLC

Filing Documents

• form10-ka.htm (10-K/A) — 1081KB
• ex23-1.htm (EX-23.1) — 6KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 8KB
• ex23-1_001.jpg (GRAPHIC) — 7KB
• 0001493152-24-023710.txt ( ) — 7146KB
• tpet-20231031.xsd (EX-101.SCH) — 56KB
• tpet-20231031_cal.xml (EX-101.CAL) — 51KB
• tpet-20231031_def.xml (EX-101.DEF) — 316KB
• tpet-20231031_lab.xml (EX-101.LAB) — 475KB
• tpet-20231031_pre.xml (EX-101.PRE) — 403KB
• form10-ka_htm.xml (XML) — 1008KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TRIO PETROLEUM CORP. By: /s/ Michael L. Peterson Michael L. Peterson Chief Executive Officer (Principal Executive Officer) Date: June 13, 2024 By: /s/ Greg Overholtzer Greg Overholtzer Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) Date: June 13, 2024 4

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities held on the dates indicated. Signature Title Date /s/ Michael L. Peterson Chief Executive Officer and Director Michael L. Peterson (principal executive officer) June 13, 2024 /s/ Greg Overholtzer Chief Financial Officer Greg Overholtzer (principal financial officer and principal accounting officer) June 13, 2024 * Executive Chairman and Director Stan Eschner June 13, 2024 * President Terry Eschner June 13, 2024 * Chief Operating Officer Steven Rowlee June 13, 2024 * Director Frank Ingriselli June 13, 2024 * Director William J. Hunter June 13, 2024 * Director John Randall June 13, 2024 * Director Thomas J. Pernice June 13, 2024 *By: /s/ Michael L. Peterson Michael L. Peterson Attorney-in-fact 5 TRIO PETROLEUM CORP. Financial TABLE OF CONTENTS Page Report of Independent Registered Public Accounting Firm (PCAOB ID 5041) F-2 Financial Balance Sheets as of October 31, 2023 and 2022 F-3 F-4 F-5 F-6

Notes to Financial Statements

Notes to Financial Statements F-7 F-1 Report of Independent Registered Public Accounting Firm To the Shareholders and the Board of Directors of Trio Petroleum Corp. OPINION ON THE FINANCIAL STATEMENTS We have audited the accompanying consolidated balance sheet of Trio Petroleum Corp. (the "Company") as of October 31, 2023 and 2022, the related consolidated statements of operations and comprehensive loss, stockholders' equity and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United SUBSTANTIAL DOUBT ABOUT THE COMPANY'S ABILITY TO CONTINUE AS A GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As disclosed in Note 3 of the financial statements, the Company has suffered substantial net losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations, all of which raise substantial doubt about the Company's ability to continue as a going concern. Management's plans regarding these matters are disclosed in Note 3. The consolidated financial BASIS FOR OPINION These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial

View Full Filing

View this 10-K/A filing on SEC EDGAR