Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 450

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1B
Chunk 450
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 all company personnel to enhance employee awareness of
                                            how to detect and respond to cybersecurity threats as well as more targeted training for
                                            company personnel that have increased responsibility for mitigating certain potential cybersecurity
                                            risks.

30

We
plan to review and update our policies, procedures, processes and practices to address changes in the threat landscape and as a
result of lessons learned from suspected, actual or simulated incidents. We also plan to review industry
best practices to assist in evaluating responses to new challenges and risks. These evaluations include testing both the design and
operational effectiveness of security controls.

Cybersecurity
Risks

While
we plan to dedicate significant efforts and resources to our cybersecurity program, we may be unable to successfully identify
threats, prevent attacks, satisfactorily resolve cybersecurity incidents, or implement adequate mitigating controls. Any breach of
our network security and information systems or other cybersecurity-related incidents that results in, or may result in, the loss,
theft or unauthorized disclosure of data, or any delay in determining the full extent of a potential breach, could have a material
adverse impact on our business, results of operations, and financial condition, including harm to our reputation and brand, reduced
demand for our solutions, time-consuming and expensive litigation, fines, penalties, and other damages. To date and except as
otherwise may be noted in this Annual Report, we are not aware of any cybersecurity threats, nor have we had any cybersecurity incidents.

ITEM
2. PROPERTIES.

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

ITEM
3. LEGAL PROCEEDINGS.

From
time to time, we are involved in various disputes, claims, suits, investigations, and legal proceedings arising in the ordinary course
of business. There are currently no pending legal proceedings or claims that we believe will have a material adverse effect on our business,
financial condition or operating results. None of our directors, officers or affiliates is involved in a proceeding adverse to our business
or has a material interest adverse to our business.

ITEM
4. MINE SAFETY DISCLOSURES

None.

ITEM
5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASERS OF EQUITY SECURITIES

Market
information

Our
common stock trades on the NYSE American LLC Market under the symbol “TPET” since April 17, 2023. Prior to that date,