14 May 2025securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Apr 2025securities registration● Neutral
Trio Petroleum Corp registered a securities offering with the SEC using its shelf eligibility.
18 Apr 2025material agreement▼ Bad
Extended the Heavy Sweet Asphalt Ridge option yet again (Amendment No. 6) -- eighteen months of repeated extensions with no deal closed.
17 Apr 2025capital raising announcement▼ BadMajor
Opened a new convertible note ($321,176 face, 15% OID) that it amended and restated four days later to $712,941 face / $606,000 funded, at a $0.48 conversion floor, maturing October 2025 -- financing the Canadian expansion.
10 Apr 2025asset acquisition disposition▲ GoodMajor
Made its first international move: formed subsidiary Trio Petroleum Canada Corp to buy Novacor Exploration Ltd.'s heavy-oil assets in Lloydminster, Saskatchewan, funding the purchase with a US$1,131,000, 3-year, 12% loan from the parent company to the new subsidiary.
14 Mar 2025quarterly activities report▼ Bad
Trio Petroleum Corp reported quarterly revenue of $11 thousand and a net loss of $1.6 million for the period ended 2025-01-31.
28 Feb 2025securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
26 Feb 2025material agreement▼ Bad
Extended the Heavy Sweet Asphalt Ridge option twice more (to February 10, then April 10, 2025) -- fifteen months after signing, the option still hasn't converted into an actual acquisition.
13 Feb 2025substantial holder notice● Neutral
Ayrton Capital LLC reported a Trio Petroleum Corp shareholding of 0.10% of votes in a periodic institutional filing.
5 Feb 2025securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
29 Jan 2025material agreement▼ Bad
Extended the August 2024 note's payment schedule once more, then retired its full $285,852 remaining balance by exchanging it for shares priced at 75% of the lowest 10-day closing price -- closing out that note through further dilution rather than cash.
16 Jan 2025director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 1,250 shares at $1.73.
8 Jan 2025material agreement● Neutral
Let CFO Greg Overholtzer's employment agreement lapse at year-end 2024 and immediately re-engaged him as an independent contractor to continue serving as CFO.
12 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 2,750 shares at $1.08.
5 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director John W. Randall received 12,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director John Hunter William received 12,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice received 12,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director James Howard Blake received 12,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp Chief Executive Officer Robin A. Ross received 127,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp Chief Financial Officer Gregory L Overholtzer received 10,000 shares as part of the equity award.
29 Nov 2024director interest notice● Neutral
James Howard Blake became a Trio Petroleum Corp director and company insider (initial ownership filing).
29 Nov 2024securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
14 Nov 2024substantial holder notice● Neutral
Ayrton Capital LLC, Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B, Waqas Khatri disclosed a new substantial Trio Petroleum Corp shareholding (8.60% of votes).
6 Nov 2024listing compliance notice▼ BadMajor
NYSE American halted trading in TPET on November 5, 2024 over its sustained low share price; the company resolved it with a 1-for-20 reverse stock split effective November 14, 2024, and trading resumed the next day.
21 Oct 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 25,000 shares at $0.15.
27 Sept 2024material agreement▼ BadMajor
A three-part filing: extended the personal loan from Michael Peterson -- now described as a consultant and former CEO, confirming a leadership change since his April 2024 loan -- to October 28, 2024 for a $5,000 fee; opened a new $4.8 million at-the-market equity sales facility with Spartan Capital Securities; and extended the Heavy Sweet option again, to December 10, 2024.
27 Sept 2024securities registration● Neutral
Trio Petroleum Corp filed a prospectus supplement for an offering off its existing shelf.
19 Sept 2024material agreement▼ Bad
Amended both the April and June 2024 convertible notes to reprice conversion using a market-average formula -- continuing to loosen note terms as the company's financial position stayed strained.
12 Sept 2024quarterly activities report▼ Bad
Trio Petroleum Corp reported quarterly revenue of $63 thousand and a net loss of $2.2 million for the period ended 2024-07-31.
12 Sept 2024capital raising announcement● Neutral
Hired a media/advertising consultant, paid partly in 250,000 restricted shares.