Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 1528

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 7
Chunk 1528
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)

    CASH
    FLOWS FROM INVESTING ACTIVITIES: 

    Capital
    expenditures for unproved oil and gas properties 
     (1,171,377) 
     (362,022)
  
    Drilling
    costs for exploratory well 
     -  
     (3,749,488)
  
    Advances
    to operators 
     -  
     1,900,000 
  
    Due
    to operators 
     81,495  
     21,651 
  
    Net
    cash used in investing activities 
     (1,089,882) 
     (2,189,859)

    CASH
    FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds
    from issuance of common stock, net 
     -  
     738,659 
  
    Proceeds
    from notes payable, related parties 
     250,666  
     - 
  
    Proceeds
    from convertible debt 
     550,000  
     2,000,000 
  
    Proceeds
    from promissory notes 
     2,292,972  
     - 
  
    Proceeds
    from issuance of common shares related to ATM agreement 
     1,173,679  
     - 
  
    Proceeds
    from issuance of common shares related to IPO 
     -  
     6,000,000 
  
    Proceeds
    from exercise of warrants, net 
     -  
     1,812,635 
  
    Repayment
    of debt 
     (352,767) 
     (1,472,512)
  
    Payments
    for debt issuance costs 
     (259,903) 
     (350,320)
  
    Payments
    for deferred offering costs 
     -  
     (1,013,493)
  
    Net
    cash provided by financing activities 
     3,654,647  
     7,714,969 

    NET
    CHANGE IN CASH 
     (1,275,979) 
     1,488,276 
  
    Cash
    - Beginning of period 
     1,561,924  
     73,648 
  
    Cash
    - End of period