Trio Petroleum Corp. 10-K Filing
Ticker: TPET · Form: 10-K · Filed: Jan 17, 2025 · CIK: 1898766
| Field | Detail |
|---|---|
| Company | Trio Petroleum Corp. (TPET) |
| Form Type | 10-K |
| Filed Date | Jan 17, 2025 |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $75,000, $200,000, $2,000,000, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
FAQ
What type of filing is this?
This is a 10-K filing submitted by Trio Petroleum Corp. (ticker: TPET) to the SEC on Jan 17, 2025.
What are the key financial figures in this filing?
Key dollar amounts include: $0.0001 (ch registered Common Stock, par value $0.0001 per share TPET NYSE American LLC); $75,000 (ril 30, 2024, we recorded approximately $75,000 in net revenues from our McCool Ranch O); $200,000 (ption Agreement, the Company would fund $200,000 of the $2,000,000 total purchase price); $2,000,000 (the Company would fund $200,000 of the $2,000,000 total purchase price in advance of HSO); $25,000 (2024, the Company funded an additional $25,000 resulting in a 2.25% working interest i).
How long is this filing?
Trio Petroleum Corp.'s 10-K filing is 16 pages with approximately 4,717 words. Estimated reading time is 19 minutes.
Where can I view the full 10-K filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 4,717 words · 19 min read · ~16 pages · Grade level 11.9 · Accepted 2025-01-17 16:05:44
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share TPET NYSE American LLC
- $75,000 — ril 30, 2024, we recorded approximately $75,000 in net revenues from our McCool Ranch O
- $200,000 — ption Agreement, the Company would fund $200,000 of the $2,000,000 total purchase price
- $2,000,000 — the Company would fund $200,000 of the $2,000,000 total purchase price in advance of HSO
- $25,000 — 2024, the Company funded an additional $25,000 resulting in a 2.25% working interest i
- $1,775,000 — uary 10, 2025, to pay HSO an additional $1,775,000 to exercise an option for the remaining
- $2 million — f the Proposed Novacor Acquisition is CD$2 million (approximately US$1.4 million based on
- $1.4 million — sition is CD$2 million (approximately US$1.4 million based on exchange rates on the date of
- $650,000 — rates on the date of the LOI) payable US$650,000 in cash and the remainder in shares of
- $65,000 — ny paid Novacor a good faith deposit of $65,000, which will be applied to the cash port
Filing Documents
- form10-k.htm (10-K) — 2712KB
- ex14-1.htm (EX-14.1) — 16KB
- ex23-1.htm (EX-23.1) — 7KB
- ex23-2.htm (EX-23.2) — 7KB
- ex31-1.htm (EX-31.1) — 15KB
- ex31-2.htm (EX-31.2) — 16KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 7KB
- ex14-1_001.jpg (GRAPHIC) — 600KB
- ex14-1_002.jpg (GRAPHIC) — 559KB
- ex14-1_003.jpg (GRAPHIC) — 611KB
- ex14-1_004.jpg (GRAPHIC) — 669KB
- ex14-1_005.jpg (GRAPHIC) — 666KB
- ex14-1_006.jpg (GRAPHIC) — 677KB
- ex14-1_007.jpg (GRAPHIC) — 580KB
- ex14-1_008.jpg (GRAPHIC) — 614KB
- ex14-1_009.jpg (GRAPHIC) — 720KB
- ex14-1_010.jpg (GRAPHIC) — 618KB
- ex14-1_011.jpg (GRAPHIC) — 631KB
- ex14-1_012.jpg (GRAPHIC) — 171KB
- ex23-1_001.jpg (GRAPHIC) — 14KB
- 0001493152-25-002760.txt ( ) — 21410KB
- tpet-20241031.xsd (EX-101.SCH) — 60KB
- tpet-20241031_cal.xml (EX-101.CAL) — 53KB
- tpet-20241031_def.xml (EX-101.DEF) — 332KB
- tpet-20241031_lab.xml (EX-101.LAB) — 544KB
- tpet-20241031_pre.xml (EX-101.PRE) — 457KB
- form10-k_htm.xml (XML) — 1605KB
FINANCIAL STATEMENTS AND SCHEDULES
FINANCIAL STATEMENTS AND SCHEDULES 63 SPECIAL NOTE. On November 5, 2024, we received notice from NYSE American that the NYSE American had suspended trading of our shares of common stock, until the effectiveness of a reverse stock split or our shares of common stock, par value $0.0001 per share (the "common stock") at a ratio of one share of common stock for every 20 shares of common stock outstanding (the "Reverse Stock Split"), because our common stock was consistently selling at a low selling price per share in violation of Section 1003(f)(v) of the NYSE American Company Guide. Upon effecting the Reverse Stock Split on November 14, 2024, our common stock began trading again on the NYSE American on November 15, 2024. If, in the future, the price of our common stock falls out of compliance, again, with the continued listing requirements of the NYSE American, this could result in a de-listing of our common stock from trading on the NYSE American. Unless otherwise specifically provided in this prospectus, all share and per share information reflect the Reverse Stock Split, at a ratio of one share of common stock for every 20 shares of common stock outstanding, which was effective on November 14, 2024. Our common stock began trading on the NYSE American, on a post-reverse split basis, at the beginning of trading on November 15, 2024. ITEM 1. BUSINESS. Overview TPET is a California-based oil and gas exploration and development company headquartered in Bakersfield, California, with its principal executive offices located at 5401 Business Park South, Suite 115, Bakersfield, California 93309, and with operations in Monterey County, California, and Uintah County, Utah. The Company was incorporated on July 19, 2021, under the laws of Delaware to acquire, fund, and operate oil and gas exploration, development and production projects, initially focusing on one major asset in California, the South Salinas Project ("South Salinas Project"). We have had revenue-gen