Company: TPET
Filing Date: 2025-03-14
Form Type: 10-Q
Source: 0001493152-25-010362
Chunk: 45

Company: Trio Petroleum Corp.
Filing Date: 2025-03-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 insurance coverage;

●our
                                            vulnerability to severe weather events; and

●other
                                            risk factors discussed in the “Risk Factors” section of this Quarterly Report
                                            and in our Form 10-K/A.

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 Quarterly Report and are subject to a number of risks, uncertainties and assumptions described in the section
titled “Risk Factors” and elsewhere in this Quarterly 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 Quarterly
Report, whether as a result of any new information, future events or otherwise.

In
addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These
statements are based upon information available to us as of the date of this Quarterly Report, and while we believe such information
forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to
indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements
are inherently uncertain, and you are cautioned not to unduly rely upon these statements.

Overview

We
are a California-based oil and gas exploration and development company headquartered in Bakersfield, California, with our principal executive
offices located at 5401 Business Park South, Suite 115, Bakersfield, California 93309, with operations in Monterey County, California,
and Uintah County, Utah.

We
have had revenue-generating operations since the McCool Ranch Oil Field was restarted on February 22, 2024, and recognized our first
revenues in our fiscal quarter ended April 30, 2024, and received the proceeds from these operations in June 2024.

We
were