Company: TPET
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001493152-25-005014
Chunk: 113

Company: Trio Petroleum Corp.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 113
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 Chief Executive Officer.                  
 The Company plans to leverage the relationships and experience of Mr. Ross and other members of its management                                
 team in private and public equity fundraising to raise capital for the Company, if and as needed. Furthermore, this reasonable expectation    
 is based on the confidence of Spartan Capital Securities, LLC, the Company’s investment banker, in both the Company and in the                
 Project, and the various methods available for securing capital including financing plans that may be developed in collaboration with         
 our bankers and/or future lenders based on reserves, cash flow and/or other considerations. The Company has a reasonable expectation          
 that, between cash and equity, it will be able to raise whatever capital is necessary to successfully develop the South Salinas Project.      |

For all of the reasons discussed above in this section, the Company has a reasonable expectation that the Company’s South Salinas Project will prove to have reserves approximately as estimated, that the Company will have adequate funding to develop the reserves, and that there will exist the legal right to develop the Company’s reserves in the Project.

Employees

As of January 31, 2025, we had one employee, who is located in Canada.

Real Property

Other than our interest in the South Salinas Project described herein, we do not own any real property.

Legal Proceedings

There are no pending legal proceedings to which we are a party or in which any director, officer or affiliate of ours, any owner of record or beneficially of more than 5% of any class of our voting securities, or security holder is a party adverse to us or has a material interest adverse to us.

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<div align='center'>MANAGEMENT</div>

Executive Officers and Directors

The following table sets forth the name and age as of February 3, 2025, and position of the individuals who currently serve as directors and executive officers of the Company. The following also includes certain information regarding the individual experience, qualifications, attributes and skills of our directors and executive officers as well as brief statements of those aspects of our directors’ backgrounds that led us to conclude that they are qualified to serve as directors.

| Name                   |     | Age |     | Position                             |
| Executive Officers     |     |     |     |                                      |
| Robin Ross             |     |  71 |     | Chief Executive Officer and Chairman |
| Stanford Eschner       |     |  92 |     | Vice Chairman and Director           |
| Gregory L. Overholtzer |     |  67 |     |