Trio Petroleum Corp Announces Purchase of 24 Canadian Oil Wells

What Happened
Trio Petroleum Corp (via wholly owned subsidiary Trio Petroleum Canada, Corp.) announced on Sept. 25, 2026 that it entered a Purchase and Sale Agreement with Marlin Resources Ltd. to acquire Marlin’s interests in 24 oil wells in Canada — including four producing wells and twenty shut‑in heavy‑oil assets. The purchase consideration includes CAD$800,000 in cash, the conveyance of certain assets and agreement interests from Trio Canada to Marlin, and a disposal agreement under which Trio Canada will dispose of water produced from certain wells operated by Marlin. The transaction was disclosed in an 8‑K filed Sept. 30, 2026; the agreement is attached as Exhibit 10.1 and a press release is furnished as Exhibit 99.1.

Key Details

• Transaction date: Purchase and Sale Agreement dated September 25, 2026; 8‑K filed September 30, 2026.
• Assets: 24 wells total — 4 producing wells and 20 shut‑in heavy‑oil assets.
• Consideration: CAD$800,000 cash plus the conveyance of certain assets/interests and a water disposal arrangement.
• Closing is subject to standard conditions, including delivery of no‑interest letters and conveyances.

Why It Matters
This is an asset acquisition that changes Trio Canada’s holdings in Canada by adding 24 wells (including four producing). For investors, the filing provides the basic terms but does not disclose expected production, immediate revenue or cost impacts. Watch for future company updates or filings that quantify any change to production, operating costs or capital requirements resulting from the deal.