Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 23

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 13
Chunk 23
---

     
    Director
     
    January 17, 2025
  
    John
    Randall

    /s/
    Thomas J. Pernice
     
    Director
     
    January 17, 2025
  
    Thomas
    J. Pernice 

    /s/
    Blake James
     
    Director
     
    January 17, 2025
  
    Blake
    James

67

TRIO
PETROLEUM CORP.

Financial
Statements for the Years Ended October 31, 2024 and 2023

    TABLE
    OF CONTENTS
     
    Page

    Report
    of Independent Registered Public Accounting Firm (PCAOB ID 5041)
     
    F-2

    Financial
    Statements:

    Balance
    Sheets as of October 31, 2024 and 2023
     
    F-3

    Statements
    of Operations for the Years Ended October 31, 2024 and 2023
     
    F-4

    Statements
    of Changes in Stockholders’ Equity for the Years Ended October 31, 2024 and 2023
     
    F-5

    Statements
    of Cash Flows for the Years Ended October 31, 2024 and 2023
     
    F-6

    Notes
    to Financial Statements
     
    F-7

F-1

Report
of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of

Trio Petroleum Corp.

5401 Business Park South, Suite 115

Bakersfield, California 93309

Opinion
on the Financial Statements

We have audited the accompanying balance sheets of Trio Petroleum Corp.
as of October 31, 2024 and 2023, and the related statements of operations, changes in stockholder’s equity, and cash flow for each
of the years then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the
financial statements present fairly, in all material respects, the financial position of Trio Petroleum Corp. as of October 31, 2024 and
2023, and the results of its operations and its cash flows for each of the years then ended, in conformity with accounting principles
generally accepted in the United States of America.

Basis
for Opinion

These financial statements are the responsibility of the entity’s