Trio Petroleum (TPET) Investor presentation summary

Company overview

• Publicly traded oil and gas exploration, development, and production company with operations in Saskatchewan, Alberta, Utah, and California.

• Focuses on strategic, low-risk, high-return energy projects and aggressive acquisition of cash flow positive assets.

• Completed IPO in April 2023 and maintains a strong cash position with $22 million as of April 2026.

Asset portfolio and operations

• Canadian assets in Lloydminster region include multiple producing heavy oil properties, water disposal facility, and development opportunities.

• Lloydminster wells produce about 55 barrels/day with low lift costs and potential for further reactivation and drilling.

• Alberta acquisition in November 2025 added 60-70 barrels/day from four wells, with infrastructure in place and upside potential.

• West-central Saskatchewan acquisition in January 2026 includes four wells and a water disposal facility, targeting established heavy oil intervals.

Key projects and growth opportunities

• South Salinas Project in California covers 9,300 acres, with 85.75% working interest and significant seismic data.

• Estimated reserves for South Salinas: 47 million BOE (P2) and 129 million BOE (P3), with undiscounted net cash flow potential of $2.1B (P2) and $7.9B (P3).

• Option to acquire 2,000 acres in Utah's P.R. Spring Project, supporting up to 1,000 wells and potential for 50,000 barrels/day.