Core Viewpoint - Trio Petroleum Corp has acquired heavy oil assets in Saskatchewan from NovaCor Exploration Ltd, which includes producing wells and infrastructure, aimed at enhancing production and operational efficiency [1][2][7]. Acquisition Details - The acquisition includes four producing wells and a water disposal facility, with current production of approximately 30 barrels per day from three wells and an expected 20 barrels per day from the fourth well [2][5]. - The assets are located in established heavy oil intervals within the Mannville Group, targeting zones such as Waseca, McLaren, Sparky, and GP, with potential for operational improvements [2][3][4]. Production and Optimization Potential - The Section 3-48-24W3 area is viewed as an optimization opportunity, with potential to add another 15 barrels per day through low-cost workovers and recompletions [3]. - The Section 5-49-24W3 area is also identified for near-term optimization, with a practical path to improve production rates by an additional 25 barrels per day [4]. Infrastructure and Revenue Generation - The acquisition includes a produced-water disposal facility expected to generate recurring revenues, with potential monthly earnings of upwards of $100,000 from water disposal and skim oil recovery [5][7]. - The facility is designed to support third-party service arrangements, enhancing revenue streams for the company [5]. Management Insights - The CEO emphasized the acquisition's immediate contribution to oil production and the potential for significant operational improvements, highlighting the strategic importance of the Maidstone position for future drilling opportunities [6][7]. - The company aims to leverage its technical expertise and operational capabilities to maximize shareholder value through disciplined growth [7]. Financial Aspects - The purchase price for the acquisition is $1,000,000 CAD, paid through the issuance of 912,875 shares of common stock, which includes certain registration rights [7].