MIL-OSI: Trio Petroleum Corp Provides Update on Monterey County Operations foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Trio Petroleum Corp (TPET) Issues Update on Monterey County Operations streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Oil production from the six wells collectively peaked at about 400 bpd before the wells were idled in 2015 due to oil prices dropping below $30 per bbl. Returning the field to production will occur in steps, with the 58X-23 and the HH-1-ST2 wells being the first two of the six previously producing oil wells to be returned to production.
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Based on 3D seismic data, the prospect is close to prolific gas fields, has easy access to a gas pipeline with excess capacity, and targets gas sands at ab.