Company: TPET
Filing Date: 2025-02-28
Form Type: S-1/A
Source: 0001493152-25-008715
Chunk: 17

Company: Trio Petroleum Corp.
Filing Date: 2025-02-28
Form: S-1/A
Chunk 17
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,         
 or          
 MCF)        |               |     | Net         
 Trio        
 Undeveloped 
 Reserves    
 (Barrels    
 Oil         
 Equivalent) |               |     | Trio         
 Undiscounted 
 Net          
 Cash         
 Flow         
 ($)          |                  |     | Trio       
 Net        
 Cash       
 Flow       
 Discounted 
 at         
 10% ($)    |                  |
|:---|:---------------------------------------------|:----|:------------|--------------:|:----|:------------|--------------:|:----|:------------|--------------:|:----|:-------------|-----------------:|:----|:-----------|-----------------:|
|    | Total                                        
 Probable (P2) Undeveloped of Phases 1, 2 & 3 |     |             |  40,185,660.0 |     |             |  42,444,220.0 |     |             |  47,259,696.7 |     | $            | 2,113,179,390.00 |     | $          |   474,510,940.00 |
|    | Total                                        
 Possible (P3) Undeveloped of Phases 1, 2 & 3 |     |             | 100,658,830.0 |     |             | 168,532,540.0 |     |             | 128,747,586.7 |     | $            | 7,890,097,180.00 |     | $          | 2,535,954,080.00 |

| 6 |

Reasonable Expectations of Reserve Analyses

This prospectus provides a summary of risks and detailed discussions of risks relating to our business and risks relating to this offering. The Company recognizes these risks as being real and substantial.

Nevertheless, the Company has reasonable expectations that the Company’s South Salinas Project should prove to be economically viable assets, that the Company should have adequate funding to develop these assets, that there should exist the legal right to develop these assets, and that the Company should be able to establish long-term production and to deliver oil and natural gas to markets, recognizing as discussed elsewhere hereunder that there are technical risks and that there may be project delays and/or obstacles related to obtaining necessary permits from regulatory agencies and/or related to other matters. Notwithstanding the foregoing, there is no assurance that any of the foregoing expectations will be realized. Furthermore and more specifically, the Company has a