Trio Petroleum Corp., through its wholly owned Canadian subsidiary Trio Petroleum Canada, has acquired heavy oil assets in west-central Saskatchewan from NovaCor Exploration Ltd. The assets include four wells—three of which are currently producing a total of approximately 28 barrels of oil per day, with a fourth well expected to produce about 20 barrels per day once back online. The acquisition also includes a water disposal facility designed to generate third-party revenue, with management estimating the facility could bring in up to $100,000 monthly from water disposal and skim oil recovery. The company highlighted the potential for further development through horizontal and multilateral drilling opportunities in the acquired area.

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: GNW9619205-en) on January 05, 2026, and is solely responsible for the information contained therein.