Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 1306

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 6
Chunk 1306
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                                            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 forward-looking statements are not guarantees of future performance or development. These forward-looking statements speak only
as of the date of this Annual Report and are subject to a number of risks, uncertainties and assumptions described in the section titled
“Risk Factors” and elsewhere in this Annual Report. Because forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions
of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results
could differ materially from those projected in the forward-looking statements. Except as required by applicable law, we do not plan
to publicly update or revise any forward-looking statements contained herein until after we distribute this