Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 739

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 2
Chunk 739
---
 forward-looking statements by terms such as “anticipate,” “believe,” “contemplate,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “target,” “will,”
or “would” or the negative of these terms or other similar expressions, although not all forward-looking statements contain
these words. Forward-looking statements contained in this Annual Report include, but are not limited to, statements about:

●our
                                            ability to find, acquire or gain access to other discoveries and prospects and to successfully
                                            develop our current discoveries and prospects;

●uncertainties
                                            inherent in making estimates of our oil and natural gas data;

●the
                                            successful implementation of our prospect discovery and development and drilling plans with
                                            the South Salinas Project;

●projected
                                            and targeted capital expenditures and other costs, commitments and revenues;

33

●our
                                            dependence on our key management personnel and our ability to attract and retain qualified
                                            technical personnel;

●the
                                            ability to obtain financing and the terms under which such financing may be available;

●the
                                            volatility of oil and natural gas prices;

●the
                                            availability and cost of developing appropriate infrastructure around and transportation
                                            to our discoveries and prospects;

●the
                                            availability and cost of drilling rigs, production equipment, supplies, personnel and oilfield
                                            services;

●other
                                            competitive pressures;

●potential
                                            liabilities inherent in oil and natural gas operations, including drilling risks and other
                                            operational and environmental hazards;

●current
                                            and future government regulation of the oil and gas industry;

●cost
                                            of compliance with laws and regulations;

●changes
                                            in environmental, health and safety or climate change laws, greenhouse gas regulation or
                                            the implementation of those laws and regulations;

●environmental
                                            liabilities;

●geological,
                                            technical, drilling and processing problems;

●military
                                            operations, terrorist acts, wars or embargoes;

●the
                                            cost and availability of adequate insurance coverage;

●our
                                            vulnerability to severe weather events; and

●other
                                            risk factors discussed in the “Risk Factors” section of this Annual Report.

We
have based these forward-looking statements largely on our current expectations and projections about our business, the industry in which
we operate and financial trends that we believe may affect our business, financial condition, results of operations and prospects, and
these