Trio Petroleum Corp's Canadian subsidiary acquired 24 oil wells (4 producing, 20 shut-in) from Marlin Resources Ltd. for CAD$800,000 cash plus a water disposal asset swap. The deal adds ~37 BOPD of current production with a planned CAD$1.2M multilateral drilling opportunity and CAD$425K workover program, funded from cash on hand.
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Executive Summary
Trio Petroleum Corp's Canadian subsidiary acquired 24 oil wells (4 producing, 20 shut-in) from Marlin Resources Ltd. for CAD$800,000 cash plus a water disposal asset swap. The deal adds ~37 BOPD of current production with a planned CAD$1.2M multilateral drilling opportunity and CAD$425K workover program, funded from cash on hand.
Key Facts
- Acquisition of 24 oil wells (4 producing, 20 shut-in) from Marlin Resources Ltd.
- Cash consideration of CAD$800,000 plus transfer of a water disposal asset
- Current production of ~37 barrels of oil per day (BOPD)
- Planned CAD$1.2 million Cummings multilateral drilling budget
- Planned CAD$425,000 workover, reactivation and recompletion program
- Transaction funded from Trio Petroleum Corp's cash on hand
- Effective date of September 1, 2026; closing on September 25, 2026
Financial Impact
CAD$800,000 cash plus a water disposal asset swap; total development budget of CAD$1.2M for drilling + CAD$425,000 workover program
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-045044 |
| Exhibit: ex99-1.htm | 0001493152-26-045044 |
| Document: form8-k.htm | 0001493152-26-045044 |
| Document: 0001493152-26-045044-index-headers.html | 0001493152-26-045044 |
| Document: 0001493152-26-045044-index.html | 0001493152-26-045044 |
| Document: 0001493152-26-045044.txt | 0001493152-26-045044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | 8-K | $1.69 | awaiting T+60 | — | $1.58 (−6.51%) |
Sep 21, 2026 5w ago | 8-K | $1.77 | awaiting T+60 | — | $1.58 (−10.73%) |
May 11, 2026 24w ago | Press Release | $0.4340 $0.2561 | ▼ −40.99% | ▼ −45.38% | $1.58 (+264.06%) |
May 6, 2026 24w ago | 8-K | $0.4640 $0.2810 | ▼ −39.44% | ▼ −41.50% | $1.58 (+240.52%) |
May 6, 2026 24w ago | 424B5 | $0.4640 $0.2810 | ▲ +39.44% | ▲ +41.50% | $1.58 (−240.52%) |
Apr 22, 2026 26w ago | 8-K | $0.5250 $0.3177 | ▼ −39.49% | ▼ −44.50% | $1.58 (+200.95%) |
Apr 14, 2026 27w ago | EFFECT | $0.5100 $0.3110 | ▼ −39.02% | ▼ −47.54% | $1.58 (+209.80%) |
Apr 10, 2026 28w ago | 8-K | $0.4960 $0.3370 | ▲ +32.06% | ▲ +42.38% | $1.58 (−218.55%) |
Apr 10, 2026 28w ago | 424B5 | $0.4960 $0.3370 | ▼ −32.06% | ▼ −42.38% | $1.58 (+218.55%) |
Apr 8, 2026 28w ago | 8-K / 424B5 | $0.5380 $0.3090 | ▲ +42.57% | ▲ +53.35% | $1.58 (−193.68%) |
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