Company: TPET
Filing Date: 2025-02-28
Form Type: S-1/A
Source: 0001493152-25-008715
Chunk: 117

Company: Trio Petroleum Corp.
Filing Date: 2025-02-28
Form: S-1/A
Chunk 117
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ating to Our Business- We may face delays and/or obstacles in project development due to difficulties in obtaining necessary permits from federal, state, county and/or local agencies, which may materially affect our business;” “Risk Factors - Risks Relating to Our Business - We face substantial uncertainties in estimating the characteristics of our assets, so you should not place undue reliance on any of our measures;” “Risk Factors - Risks Relating to Our Business - The drilling of wells is speculative, often involving significant costs that may be more than our estimates, and drilling may not result in any discoveries or additions to our future production or future reserves, or it may result in disproving or diminishing our current reserves. ; “Risk Factors - Risks Relating to Our Business - Seismic studies do not guarantee that oil or gas is present or, if present, will produce in economic quantities; and “Risk Factors - Risks Relating to Our Business - We are subject to numerous risks inherent to the exploration and production of oil and natural gas.”

The Company currently is preparing a full-field development plan that is expected to include the following key elements:

| ● | Documentation                                                                                                                           
 of oil and gas reserves at the Project, including whatever results of the Phase 1 development program are both available and pertinent; |
| ● | Documentation                                                                                                                           
 of the proposed wells and facilities that would be necessary to underpin full-field development and long-term production;               |
| ● | Details                                                                                                                                 
 as to how the Company would minimize surface footprint by directionally drilling from existing well pads and similarly largely using    
 existing pads for facilities, which well pads at that time may include the currently existing six well pads plus the two wells pads     
 that are planned for construction at the HV-2 and HV-4 well sites. Use of these eight well pads for additional wells and facilities     
 will minimize the need for additional surface disturbance in the full-field development plan. The Company’s proposal to use             
 existing well pads to minimize surface footprint should help expedite approval of necessary permits;                                    |
| ● | Details                                                                                                                                 
 as to how the Company would endeavor to minimize surface disturbances associated with pipeline construction by utilizing the existing   
 Aera Energy gas pipeline and one or more of the two existing Aera Energy oil pipelines. The Company’s proposal to use existing          
 pipelines to minimize surface disturbance should help expedite approval of necessary permits;                                           |
| ● | Documentation                                                                                                                           
 as to how the Company proposes to minimize or eliminate the trucking of oil by utilizing one or more of the two