Trio Petroleum Corp.
Energy · Oil, Gas & Consumable Fuels
Trio holds acreage in the historically prolific South Salinas Basin (California), a proven conventional oil play. Any successful drilling program or discovery could re-rate the micro-cap significantly. Low market cap (~$13M) means upside leverage to oil prices and drilling success.
Essentially pre-revenue with ~$510K TTM revenue against a 26x P/S multiple. California regulatory environment is among the most restrictive for onshore oil permitting. High dilution risk given thin float and speculative stage. Stock has been in a sustained downtrend from initial listing prices.
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