Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 294

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1
Chunk 294
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 undertaken. Even when problems are identified, the seller may be unwilling or unable to provide effective contractual protection against
all or part of the problems. We may not be entitled to contractual indemnification for environmental liabilities and could acquire assets
on an “as is” basis. Significant acquisitions and other strategic transactions may involve other risks, including:

    ●
    diversion
    of our management’s attention to evaluating, negotiating and integrating significant acquisitions and strategic transactions;
  
    ●
    the
    challenge and cost of integrating acquired operations, information management and other technology systems and business cultures
    with those of ours while carrying on our ongoing business;
  
    ●
    difficulty
    associated with coordinating geographically separate organizations; and
  
    ●
    the
    challenge of attracting and retaining personnel associated with acquired operations.

The
process of integrating operations could cause an interruption of, or loss of momentum in, the activities of our business. Members of
our senior management may be required to devote considerable amounts of time to this integration process, which will decrease the time
they will have to manage our business. If our senior management is not able to effectively manage the integration process, or if any
significant business activities are interrupted as a result of the integration process, our business could suffer.

If
we fail to realize the anticipated benefits of a significant acquisition, our results of operations may be adversely affected.

The
success of a significant acquisition will depend, in part, on our ability to realize anticipated growth opportunities from combining
the acquired assets or operations with those of ours. Even if a combination is successful, it may not be possible to realize the full
benefits we may expect in estimated proved reserves, production volume, cost savings from operating synergies or other benefits anticipated
from an acquisition or realize these benefits within the expected time frame. Anticipated benefits of an acquisition may be offset by
operating losses relating to changes in commodity prices, or in oil and gas industry conditions, or by risks and uncertainties relating
to the exploratory prospects of the combined assets or operations, or an increase in operating or other costs or other difficulties,
including the assumption of environmental or other liabilities in connection with the acquisition. If we fail to realize the benefits
we anticipate from an acquisition, our results of operations may be adversely affected.

The
requirements of being a public company may strain our resources, result in more litigation and divert management’s attention.

As
a public company, we are subject to the reporting requirements of the Exchange Act, the Sarban