Why Is Trio Petroleum (TPET) Stock Up 68% Today?

Trio Petroleum notes that this saw it complete the initial drilling of its HSO 8-4 and HSO 2-4 wells in Uintah County, Utah. Both wells have substantial oil-bearing pay zones. "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. The data support the expectation that the wells will be highly economic with stable long-lived production value, if our production and resource ...