Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 276

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1
Chunk 276
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    ●
    The
    development schedule of oil and natural gas projects, including the availability and cost of drilling rigs, equipment, supplies,
    personnel and oilfield services, is subject to delays and cost overruns.

    ●
    Participants
    in the oil and gas industry are subject to numerous laws that can affect the cost, manner or feasibility of doing business.

    ●
    We
    and our operations are subject to numerous environmental, health and safety regulations which may result in material liabilities
    and costs.

    ●
    Our
    operations may be dependent on sources of electricity and/or natural gas that may be unreliable or costly.

    ●
    We
    expect continued and increasing attention to climate change and energy transition issues and associated regulations to constrain
    and impede the oil/gas industry.

    ●
    We
    may incur substantial losses and become subject to liability claims as a result of future oil and natural gas operations, for which
    we may not have adequate insurance coverage.

Risks
Relating to Our Securities

    ●
    If we are not able to comply with the applicable continued listing requirements
or standards of the NYSE American, our common stock could be delisted from the NYSE American.

    ●
    Our share price may be volatile, and purchasers of our common stock could
incur substantial losses.

    ●
    We do not intend to pay dividends on our common stock.

Other
Risks 

    ●
    We
    may be subject to risks in connection with acquisitions and the integration of significant acquisitions may be difficult.

    ●
    If
    we fail to realize the anticipated benefits of a significant acquisition, our results of operations may be adversely affected.

    ●
    The
    requirements of being a public company may strain our resources, result in more litigation and divert management’s attention.

    ●
    We
    are subject to the examination of our tax returns and other tax matters by the U.S. Internal Revenue Service, states in which we
    conduct business, and other tax authorities. If our effective tax rates were to increase, or if the ultimate determination of our
    taxes owed is for an amount in excess of amounts previously accrued, our financial condition, operating results and cash flows could
    be materially adversely affected.

    ●
    Our
    amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the sole and
    exclusive forum for substantially