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Get filing alertsTrio Petroleum extends production deadline to 2028 after missing 40 bpd milestone
Filed April 22, 2026 · Period ending April 22, 2026 · ~1 min read
Key Changes
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high
Company failed to achieve required 40 barrels per day production rate from Asphalt Ridge wells and does not expect to meet original May 2026 deadline, revealing operational challenges in demonstrating production economics.
Item 1.01 view on EDGAR → -
high
Trio secured two-year extension until May 2028 to meet production milestone required before acquiring HSO's 2,000-acre P.R. Spring oil assets, with option for further extensions at company's discretion.
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medium
Extension agreement with Heavy Sweet Oil LLC dated April 20, 2026 modifies original May 2025 Letter of Intent, though specific terms of underlying transaction remain undisclosed.
Item 1.01 view on EDGAR →
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Source-verified from EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify