Why Trio Petroleum Stock Is Moving Higher Tuesday
Why Trio Petroleum Stock Is Moving Higher Tuesday
There may be an opportunity for Trio to expand the project by an additional 1,920 acres once the company completes the required steps with the Utah Division of Oil, Gas and Mining.Trio Petroleum Corp. (NYSE:TPET) shares are trading higher Tuesday after the California-based oil company announced it successfully completed its first two exploratory wells in Utah.
週三，總部位於加利福尼亞州的油氣公司Trio Petroleum Corp. (NYSE:TPET) 宣佈，其在猶他州成功鑽出了前兩口勘探井，其股票價格也因此上漲。
Under the current agreement, Trio's operating partner, Lafayette Energy Corp, will cover all drilling expenses up to $10 million.
根據當前協議，Trio的運營合作伙伴Lafayette Energy Corp將支付所有鑽探費用，最高金額爲1000萬美元。
The company projects an estimates a 40% oil recovery and an estimated ultimate recovery of 300,000 barrels of oil per well with a production rate of approximately 40 barrels of oil per day per well.
該公司預計每口油井將可回收40% 的石油，每口油井的預計終極回收量爲30萬桶。每口油井的日產油量約爲40桶。
There may be an opportunity for Trio to expand the project by an additional 1,920 acres once the company completes the required steps with the Utah Division of Oil, Gas and Mining.
一旦Trio公司完成與猶他州油氣和採礦部門所需的步驟，該項目的可開採面積可能會擴大1,920英畝。
In addition, Valkor Oil and Gas, operating on behalf of Lafayette, plans to drill a third well by late June and five more wells in the 2024 third quarter.
此外，代表拉斐特的瓦爾科油氣公司計劃在6月底進行第三口井的鑽探，並計劃在2024年第三季度再鑽探更多井。
"Based on this new data, we believe the economic impact of our ownership interest in the Asphalt Ridge project has the potential to quickly exceed that of our substantial assets in California," said Micheal Peterson, CEO of Trio.
Trio的CEO Micheal Peterson表示: “基於這些新數據，我們相信Asphalt Ridge項目對我們在加利福尼亞的財產的經濟影響潛力有可能很快超過。”
Related Link: Occidental Petroleum Options Trading: A Deep Dive into Market Sentiment
相關鏈接: 西方石油期權交易: 市場情緒的深度剖析
TPET Price Action: At the time of publication, Trio Petroleum shares are trading 62% higher at 37 cents, according to data from Benzinga Pro.
據Benzinga Pro的數據顯示，目前Trio Petroleum股票價格上漲62％，爲37美分。
Image: Photo from Shutterstock.
圖像來源: 來自 shutterstock 的照片。
