Company: TPET
Filing Date: 2025-04-15
Form Type: 10-K/A
Source: 0001641172-25-004910
Chunk: 39

Company: Trio Petroleum Corp.
Filing Date: 2025-04-15
Form: 10-K/A
Chunk 39
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Additional capital may not be available on favorable terms, or at all. In addition, if we are successful raising additional capital through the sale of our securities, at such time our existing stockholders would, in all likelihood, be further diluted and new investors may demand rights, preferences or privileges senior to those of existing stockholders. If we raise additional capital through debt financing, the financing may involve covenants that restrict our business activities. If we choose to farm-out our interests, we may lose operating control or influence over such assets.

Assuming we are able to timely commence exploration, appraisal, development and/or production activities, and/or to maintain oil/gas production, and/or to maintain force majeure status, then our rights to our mineral leasehold should extend for certain periods of time and/or for life of production. If we are unable to meet our commitments we may be subject to significant potential forfeiture of all or part of the mineral leasehold. If we are not successful in raising additional capital, we may be unable to continue our future exploration and production activities or successfully exploit our assets, and we may lose the rights to develop said assets.

A substantial or extended decline in global and/or local oil and/or natural gas prices may adversely affect our business, financial condition and results of operations.

The prices that we will receive for our oil and natural gas will significantly affect our revenue, profitability, access to capital and future growth rate. Historically, the oil and natural gas markets have been volatile and will likely continue to be volatile in the future. The prices that we will receive for our future production and the levels of our future production depend on numerous factors. These factors include, but are not limited to, the following:

| ● | changes                                                                                                                           
 in supply and demand for oil and natural gas;                                                                                     |
| ● | the                                                                                                                               
 actions of the Organization of the Petroleum Exporting Countries (“OPEC”);                                                        |
| ● | speculation                                                                                                                       
 as to the future price of oil and natural gas and the speculative trading of oil and natural gas futures contracts;               |
| ● | global                                                                                                                            
 economic conditions;                                                                                                              |
| ● | political                                                                                                                         
 and economic conditions, including embargoes in oil-producing countries or affecting other oil-producing activities, particularly 
 in the Middle East, Africa, Russia and South America;                                                                             |
| ● | the                                                                                                                               
 continued threat of terrorism and the impact of military and other action, including U.S. military operations in the Middle East; |
| ● | the