Trio Petroleum acquires 24 Lloydminster oil wells for CDN$ 800,000, transfers water disposal asset to Marlin Resources

Bitget2026/09/30 12:04

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Trio Petroleum acquired 24 Lloydminster-area oil wells in Saskatchewan from Marlin Resources, including 4 producing wells.
Current output totals about 37 barrels of oil per day; 20 wells are shut in with planned workovers.
Consideration totals CDN$ 800,000 cash, plus transfer of an underutilized water disposal asset.
Development plan includes a proposed Cummings multilateral well budgeted at CDN$ 1.2 million.
Workover, reactivation, and recompletion program budgeted at CDN$ 425,000; funding expected from cash on hand.

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: 202609300800PRIMZONEFULLFEED9836589) on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Trio Petroleum acquires 24 Lloydminster oil wells for CDN$ 800,000, transfers water disposal asset to Marlin Resources

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