Trio Petroleum Corp. announced that it has completed all required Alberta Energy Regulator approvals and license transfers for its Alberta heavy-oil asset located at NW 7-50-1W4. The company, through its subsidiary Trio Petroleum Canada, has transitioned the asset from acquisition and regulatory processing to active field operations. Surface lease agreements for the initial producing well locations are scheduled to be executed by the end of the week, allowing production operations to commence. Trio expects to place two wells, 100/11-7-50-1W4 and 103/12-7-50-1W4, on production within 7 to 10 days, subject to routine field execution and weather conditions. Management anticipates these two wells will contribute approximately 30 to 40 barrels of oil per day as production is established. The company aims to bring additional wells online by March 31, 2026, in line with previously disclosed production expectations connected to the original acquisition. This marks Trio’s initial producing foothold in Alberta and is part of its near-term development plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trio Petroleum Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9649523-en) on February 05, 2026, and is solely responsible for the information contained therein.