Trio Petroleum Acquires 24 Canadian Oil Wells to Boost Production

Key Facts

1Trio Petroleum announced its Canadian subsidiary acquired 24 heavy-oil wells from Marlin Resources in Saskatchewan's Lloydminster region.

Trio Petroleum announced that its Canadian subsidiary acquired 24 heavy-oil wells from Marlin Resources in the Lloydminster region of Saskatchewan. The company stated via GlobeNewswire that the transaction includes 4 producing wells and 20 shut-in assets, as it seeks to expand its footprint in the Canadian heavy-oil sector.

The acquisition aims to drive production growth through well workover projects and multilateral development opportunities. Regarding equity performance, TPET closed at $1.69 on September 29, 2026, with a daily trading range between $1.67 and $1.72.